FL > Coral Gables
Coral Gables, FL 33134,2030 S Douglas Rd #216
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Dennis Cordero, PA

Dennis Cordero, PA

+1(954) 874-5015
$985,000
Est. payment /mo
1,311 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,311 sqft

Price per Sqft $751

MLS Listing ID A11934703

HOA Fees $1,337/mo

HOA Y/N Yes

Year Built 2005

Annual Tax Amount $9,858

Tax Year 2025

Lot Size 1,311 Sqft

Property Sub-Type Condominium

Property Description

Rare opportunity to acquire a premier 1,300 sf professional suite in the commercial corridor of Coral Gables . one block from Miracle Mile and steps from The plaza Coral Gables. this asset is designed for investors seeking stability and high demand features.
This unit is "over-parked", featuring three assigned parking spaces city's strict requirements, providing a massive logistical advantage in this sub market. Furthermore, the building offers a competitive advantage that is nearly non existent in the area. COMPLIMENTARY VISITOR PARKING, ensuring a seamless and professional experience for clients and guests. Two Entrances, one in office lobby and on side office. For rent also. 2026 no assesments
Investment highlights:
*Location: The Corporate Hear of Coral Gables" Steps from Miracle Mile and Merrick Park)
*Financials:6.25% CAP Rate with stabilized income until early 2027
*Parking Alpha: 3 Surplus Assigned spaces PLUS Building-wide Free Visitor Parking
*Amenities Exclusive pool and Fitness Center access to Owners
*Size 1311 sq ft.
*Office rent 2026 $4,804.14 monthly
*Excess parking income 3 X $120.00
*Rent increase 5% annually starting 2027
*NOI (2026): $36,143 Projected NOI 2030 $43,948
*Cap Rate estimated 6.25%




Currently yielding a 6.25% CAP RATE, the property is stabilized with a reliable tenant in place through early 2026.

Investment highlights:
Location: The "Corporate Heart" of Coral Gables, Steps from Miracle Mile and Merrick Park

Location

State FL

County Miami-dade

Area 41

Interior

Heating Central

Cooling Central Air

Flooring Hardwood, Wood

Window Features Impact Glass

Exterior

Total Parking Spaces 5

Private Pool Yes

Building

Story 9

Water Public

Others

HOA Name Building

Tax ID 03-41-08-099-1560

Security Features Smoke Detector(s),Security Guard,Security Lights

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Corporate Listing

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Lee Maloff Realty Inc

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Dennis Cordero, PA

Dennis Cordero, PA

+1(954) 874-5015

Real Estate Advisor | License ID: 3074725

Real Estate Advisor License ID: 3074725

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