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$ 499,900
Est. payment /mo
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1627 SW 37th Ave #CU-1 Miami, FL 33145
1,107 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,107 sqft
Price per Sqft $451
MLS Listing ID A12028876
HOA Fees $718/mo
HOA Y/N Yes
Year Built 2004
Annual Tax Amount $6,500
Tax Year 2025
Lot Size 1,107 Sqft
Property Sub-Type Condominium
Property Description
Coral Gables prime retail/office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Seller may finance. Mint condition interior with a spacious private inside restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased until December 2026 to an excellent tenant—delivering a gross annual income of $45,084 with very low expenses and zero management efforts required. Offered at an attractive 6% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable, hassle-free cash flow in a blue-chip location! Flexible parking options available. Owners only may rent 1–2 dedicated parking spaces (subject to availability). Convenient guest parking accommodates up to 3 client vehicles only at a time. Additional 20-minute parking is located directly in front of the unit, with ample metered and street parking available across the street.
Location
State FL
County Miami-dade
Area 41
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Private Pool Yes
Building
Story 9
Sewer Public Sewer, Other
Water Public
Others
Tax ID 01-41-09-083-0790
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Special Listing Condition Corporate Listing
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12028876
Listed by MJ Estates, Inc.
NEARBY SCHOOL & BUSINESS
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