Shenandoah Garden Apartments Coral Gables, FL

$8,000,000
$8,000,000

Overview

Welcome to the enchanting Shenandoah Garden Apartments, nestled at 2360-2398 SW 22nd St! This property unfolds as a distinctive prospect for savvy investors eyeing a fusion of residential and commercial real estate in the highly sought-after Coral Way Submarket within Coral Gables. Occupying two contiguous lots, encompassing an expansive 27,500 square feet, the Shenandoah Garden Apartments showcase a collective built area spanning 20,213 square feet. Strategically positioned along the vibrant Coral Way, the property boasts an impressive 270 feet of frontage, ensuring unparalleled visibility and exposure.

This architectural gem comprises four seamlessly interconnected buildings, housing a total of 26 residential units. The unit assortment is thoughtfully curated, featuring 16 generously proportioned two-bedroom units, 8 inviting one-bedroom units, and 2 charming studio units. Crafted with meticulous design and premium construction, these buildings provide an inviting and comfortable living environment, enhancing the allure for discerning residents.

For astute investors, the Shenandoah Garden Apartments promise not only a potential stream of consistent rental income but also the prospect of long-term appreciation in this alluring Coral Gables locale. Whether you’re eager to diversify your real estate portfolio or seize a lucrative investment opportunity, this property seamlessly combines residential charm with commercial viability.

Don’t let this exciting chance slip through your fingers; the Shenandoah Garden Apartments beckon as the epitome of prime real estate in Coral Gables. Reach out to us today to delve deeper into the allure of Shenandoah Garden Apartments, and secure your exclusive opportunity for a private viewing. Elevate your investment journey with this captivating blend of sophistication and potential.

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Details

  • Property ID:
    A11506271
  • Lot area (sqft):
    27,500 sqft
  • Building area (sqft)::
    20,213 sqft
  • Price ($):
    $8,000,000
  • Year built:
    1949
  • Cap Rate:
    3.25%
  • Portfolio: 26 units