114 Menores Avenue, Coral Gables, FL 33134
$2,395,000
Property Type:
Commercial Sale
Square Footage:
6,432
Status:
Active
Current Price:
$2,395,000
List Date:
9/21/2026
Last Modified:
9/30/2026
Overview
Description
...
(Read more)
Fausto Commercial is pleased to presentan exclusive opportunity to acquire 114Menores Ave, a renovated, income-producing 8-unit multifamily building inCoral Gables' Douglas Section. The asset is100% occupied, fully stabilized, and offersdurable in-place cash flow with additionalupside through mark-to-market rentssupported by nearby comparableproperties.Built in 1925 and renovated in 2020, the buildingcomprises eight highly attractive and sought-after one-bedroom units averagingapproximately 717 square feet. Improvementsinclude new PVC/CPVC plumbing on a directcity connection, in-unit washers and dryers stillunder warranty, motion-sensor LED common-area lighting, and secured building entry. Theproperty passed its 40-year recertification onJune 10, 2025, valid through 2035 — acompleted capital event and diligence hurdlethat most Coral Gables buildings of this vintagestill face. The current rent roll generates$193,886 gross annually against $74,224 inoperating expenses, a 38.3% expense ratio, for$119,662 in trailing net operating income. In-place rents average $1,996 per unit againstsubmarket asking rents of $2,250–$2,300, withseven of eight leases rolling by August 2027.Location is one block off Douglas Road in one ofCoral Gables' most walkable residentialneighborhoods — 0.3 miles to Publix, 0.7 milesto Miracle Mile.Fully recertified through 2035 and 100%occupied, with staggered leases running toAugust 2027
Listing Details MLS# A12092653
General Property Information
- Property Sub Type
- Multi Family
- Occupant Type
- Call Listing Agent
- Building Area Main
- 6432
- Year Built
- 1925
- Lot Size Area
- 8250
- Lot Size Acres
- 0.19
Property Features
Listing Terms:
Conventional; Other
Contract Information
- Comp Sale YN
- No
- Original List Price
- 2395000
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 114
- Street Name
- Menores
- Street Suffix
- Avenue
- City Name
- Coral Gables
- Municipal Code
- 3
- State Or Province
- FL
- Postal Code
- 33134
- Postal Code +4
- 4073
- Area
- 2410
- Parcel Number
- 0341080093750
- Subdivision Number
- 9
- Zoning
- 3801
- Flood Zone
- AH
Financial Information
- Tax Legal Description
- CORAL GABLES DOUGLAS SEC PB 25-69 LOT 8 & W1/2 LOT 9 BLK 36 LOT SIZE 75.000 X 110 OR 20331-3112 03/2002 5
Status Change Information
- Major Change Timestamp
- 2026-09-21T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-09-21
More Information
Price Calculations
- Current Price To SqFt
- 372.35
Section Details
- Parcel Number MLX
- 3750
Originating Details
- Originating System Key
- 564225111
- Originating System ID
- M00000151
Listing Office:
Fausto Commercial Realty Consultants Inc

Last Updated: September - 30 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.



