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Multifamily Residential
$2,395,000
114 Menores Ave Coral Gables, FL

A12092653

60 of 134 for Sale
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  • Listed On:

    Sep 21, 2026
  • Days on Market:

    13
  • Year:

    1925
  • Taxes:

    n/a
  • Floor Description:

  • Occupancy:

  • Zoning:

  • Parking:

114 Menores Ave Coral Gables, FL Fausto Commercial is pleased to present an exclusive opportunity to acquire 114 Menores Ave, a renovated, income- producing 8-unit multifamily building in Coral Gables` Douglas Section. The asset is 100% occupied, fully stabilized, and offers durable in-place cash flow with additional upside through mark-to-market rents supported by nearby comparable properties. Built in 1925 and renovated in 2020, the building comprises eight highly attractive and sought- after one-bedroom units averaging approximately 717 square feet. Improvements include new PVC/CPVC plumbing on a direct city connection, in-unit washers and dryers still under warranty, motion-sensor LED common- area lighting, and secured building entry. The property passed its 40-year recertification on June 10, 2025, valid through 2035 — a completed capital event and diligence hurdle that most Coral Gables buildings of this vintage still face. The current rent roll generates $193,886 gross annually against $74,224 in operating expenses, a 38.3% expense ratio, for $119,662 in trailing net operating income. In- place rents average $1,996 per unit against submarket asking rents of $2,250–$2,300, with seven of eight leases rolling by August 2027. Location is one block off Douglas Road in one of Coral Gables` most walkable residential neighborhoods — 0.3 miles to Publix, 0.7 miles to Miracle Mile. Fully recertified through 2035 and 100% occupied, with staggered leases running to August 2027

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