Coral Gables' most outstanding opportunity for investor or developer! 12 unit apartment building in mint condition. 100% leased. On Biltmore Way, the Park Avenue of Coral Gables. One bedroom one bath units. Tile roof, sparkling pool, laundry facilities, assigned parking spaces, individual Trane central a/c units, updated granite & stainless steel kitchens w/dishwashers. Gross Income $223,620. Net Operating Income $156,000. Walk to Miracle Mile, restaurants, Publix, Granada Golf Course. For development information, see MLS # A10694013. The Zoning District is MF-2 (subject to Site Specific Regulations). Max Permitted Density 21 units, Max Permitted Height 16 stories or 190.5 feet, Max Permitted Floor Area Ratio 29, 960 sq ft. Lot size 12,000 sq ft. Survey available.
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