Home » Coral Gables » 343 Madeira Ave, Coral Gables, FL 33134 | A11716209

Fourplex (Quadruplex) For Sale 343 Madeira Ave, Coral Gables, FL 33134

$4,200,000

Property Highlights

Listing ID A11716209 Status of this Listing: Pending (An offer has been accepted) For Sale Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 13,636 Sqft/1266.83 m2 approx. Building Area 13,636 Sqft/1266.83 m2 approx. Year Built 2010 Time of this property on Rebonus 54 Day(s)

343 Madeira Ave, Coral Gables, FL 33134

Property Description: Four modern, 2010 built townhouses in the heart of Coral Gables w/rooftop & garages. Each townhouse is currently occupied at market rate rents to well-qualified Tenants, all annual leases. Rents have consistently held strong for several years while Tenant turnover has remained minimal. Given the nature of the construction and simple maintenance that is occasionally required, this property is able to be self-managed allowing for profitability to be maximized. As Coral Gables continues to draw the attention of quality residents from companies such as Apple and FIFA, don’t miss out on this opportunity to invest in one of the hottest cities in the US. If desired, light value-add opportunity to increase rents or possibility to convert to condos exists. NOI = $208K+. P&L + rent roll available.

Useful Info

Contingency:No Contingencies
Original List Price:$4,200,000

Lease Details

Rent Includes:
  • Trash Collection

Land Lot (Parcel) Details

Lot Features:
  • 1/4 To 1/2 Acre Lot
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Architectural
Style:
  • Fourplex
Construction Materials:
  • Block
  • Stucco
Flooring:
  • Wood
  • Marble
  • Hardwood
Stories:3

Property Features

Waterfront:No
Exterior Features:
  • Security/high Impact Doors
  • Balcony
Patio and Porch Features:
  • Balcony
  • Open
Roof:
  • Other
Window Features:
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$56,908

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024
Property Tax Status:Tax Reflects No Exemptions

Terms

Documents Available:
  • Financials
  • Rent Rolls
  • Lease
Listing Terms Considered by Seller:
  • Cash
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Lease Considered:No

Community

Subdivision Name:CORAL GABLES SEC K REV
Senior Community:No

Parking

Parking Total Spaces:9
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Electric:
  • Generator Hookup
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax InformationTax Reflects No Exemptions
Flood ZoneX
Type of AssociationNone
StyleFourplex
FEMA Flood Zone DesignationsX
Municipal Code3
Ref1100939229
Subdivision Number5

Zoning and Legal

Tax Legal Description:8 54 41 CORAL GABLES SEC K REV PB 30-60 LOTS 1-2-3 BLK 1 LOT SIZE 74.000 X 122 OR 19002-4825 0199 4 COC 23163-1953 03 2005 1
Real Estate Folio Number (Parcel Number):03-41-08-005-0010
Zoning Description:3801
Public Survey Township:3
Public Survey Range:41
Public Survey Section:8

Listing History

Update/EventDate/Days
Published Date:January 2, 2025 3:40 pm
On Market Date:January 2, 2025
Price Change Date Time:January 2, 2025 10:04 am
Last Important Update Description:Pending (An offer has been accepted)
Date and Time of Last Important Update:February 25, 2025 4:21 pm
Status Last Changed:February 25, 2025 4:21 pm
Photos Last Modified:January 2, 2025 8:55 pm
Last Modified:February 25, 2025 9:22 pm
Days on the Market Reference Date:February 25, 2025
Days on the Market (updated on Last Modified*):25
Cumulative Days on the Market (updated on Last Modified**):25

Additional Information

Lot Size Range:1/4 To Less Than 1/2 Acre Lot
Number of Photos:46
Location:,,1/4 To Less Than 1/2 Acre Lot
Included:,,
Area:41
Courtesy of:Compass Florida, LLC.
Universal Property Id:US-12025-N-0341080050010-R-N

Location

Show Property Address:Yes
Street Name:Madeira Ave
Street Number:343
Street Address:343 Madeira Ave
City : Coral Gables
State : Florida
Zip Code : 33134
County : Miami-Dade
Full Address:343 Madeira Ave, Coral Gables, FL 33134
Latitude:N25° 45' 21.3''
Longitude:W81° 44' 14.2''

Neighborhood

Postal City:Coral Gables

Property Map