NOT LISTED FOR SALE

227 Menores Ave Coral Gables, FL 33134

Douglas Neighborhood
1 Bed
1 Bath
2,635 Sq Ft
1951 Built

Last Sold June 03, 2021

Last sale price $875,000 $332 Per Sq Ft

70 Days on Market

Highlights

  • Wood Flooring
  • Old Spanish Architecture
  • Porch
  • Coral Gables Preparatory Academy Rated A-
  • No HOA
  • 3-minute walk to Ponce De Leon Park

About This Home

As of June 2021

Excellent investor opportunity to own an income producing tri-plex in a prime Coral Gables location. Close to world-class shopping, dining & entertainment on Miracle Mile, Ponce de Leon Blvd and Calle Ocho. Well maintained, turn-key building with 3 rental apartments that feature high ceilings, wood flooring & crown moldings. All 3 units are currently leased. Tenants will enjoy the neighborhood, with many parks and the convenience of traveling throughout the Gables on the free public “trolley”. Primary land use Multi-Family 2-9 units. Minutes to downtown, MIA, Coconut Grove, Key Biscayne, the Beaches & to major expressways for easy access throughout South Florida.

Last Agent to Sell the Property

Riley Smith

Compass Florida, LLC License #3028618 Listed on: 02/12/2021

Compass Florida, LLC

Last Buyer's Agent

Riley Smith

Compass Florida, LLC License #3028618 Listed on: 02/12/2021

Compass Florida, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,518

Year Built

  • Built in 1951

Parking

  • 1 Parking Space

Home Design

  • Triplex
  • Old Spanish Architecture
  • Flat Tile Roof
  • Concrete Roof
  • Concrete Block And Stucco Construction
  • Piling Construction

Interior Spaces

  • 2,635 Sq Ft Home
  • 1-Story Property
  • Bay Window
  • Casement Windows
  • Wood Flooring

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $60,600
  • Rent includes gardener, sewer, water
  • Assessor Parcel Number 03-41-08-009-3510

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Coral Gables Douglas Condos
  • Coral Gables Douglas Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $31,194
  • Net Operating Income $29,406

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,518

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1951
  • Property Sub Type: Triplex
  • Architectural Style: Old Spanish
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Triplex
  • Subdivision Name: CORAL GABLES DOUGLAS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Wood
  • Living Area: 2635
  • Possible Use: Primary
  • Stories: 1
  • Window Features: Bay Window(s), Casement

Exterior Features

  • Roof: Concrete, Flat Tile
  • Exterior Features: Fruit Trees
  • Construction Type: CBS Construction, Piling Construction
  • Disclosures: Disclosure
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Porch, Patio
  • Pool Private: No
  • Property Condition: Piling Construction
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: CORAL GABLES DOUGLAS
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Green Building Features: Laundry Facility
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 03-41-08-009-3510
  • Zoning: 5001
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Sewer, Water

Multi Family

  • Net Operating Income: 29406
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Operating Expense: 31194
  • Total Actual Rent: 60600

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 16518

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2021 06/03/21 Sold $875,000 -18.6% $332 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $1,075,000 0.0% $408 / Sq Ft
08/19/2019 08/19/19 Rented $2,300 -2.1% --
08/08/2019 08/08/19 For Rent $2,350 +4.4% --
01/03/2019 01/03/19 Rented $2,250 0.0% --
12/05/2018 12/05/18 Price Changed $2,250 +4.7% $2 / Sq Ft
12/05/2018 12/05/18 Price Changed $2,150 -6.5% $2 / Sq Ft
10/24/2018 10/24/18 Price Changed $2,300 -6.1% $2 / Sq Ft
09/19/2018 09/19/18 For Rent $2,450 +88.5% --
05/05/2017 05/05/17 Rented $1,300 0.0% --
05/02/2017 05/02/17 For Rent $1,300 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Riley Smith

    Seller's Agent in 2021

    Riley Smith

    Compass Florida, LLC

    (786) 550-6054

    2 in this area

    755 Total Sales

    Section Image

  • C

    Seller's Agent in 2019

    Carlos Valera

    MMLS Assoc.-Inactive Member

  • S

    Buyer's Agent in 2019

    Sandra Garcia

    Risen Realty Corp.

    (786) 241-8910

    2 Total Sales

    Section Image

  • M

    Buyer's Agent in 2019

    Maria Ocque

    Avanti Way Realty LLC

    (305) 229-1146

    16 Total Sales

    Section Image
  • Frank Potamos

    Buyer's Agent in 2017

    Frank Potamos

    Avanti Way Realty LLC

    (305) 495-8419

    16 Total Sales

    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A10998554

MIAMI REALTORS® MLS

Florida Miami/Dade County Coral Gables 33134 Douglas

227 Menores Ave, Coral Gables, FL

This home is located at 227 Menores Ave, Coral Gables, FL 33134 since 12 February 2021. This property was built in 1951. 227 Menores Ave is a home located in Miami-Dade County with nearby schools including Coral Gables Preparatory Academy, Ponce de Leon Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes