Listing Summary
Discover a stabilized 12-unit multifamily investment for sale at 1610 Salzedo Street in Coral Gables, FL. Featuring Deco-style studios, professional management, $170K NOI, and complete 2026 re-certifications.
Full Description
Property Overview
Fausto Commercial proudly presents 1610 Salzedo Street, a fully renovated and stabilized 12-unit multifamily asset situated in the heart of Coral Gables, FL. This boutique Art Deco-style building delivers strong in-place income, professional property management, and exceptional long-term appreciation potential within one of Miami’s premier residential submarkets.
Investment Highlights
-
Asset Type: 12-Unit Multifamily Apartment Building
-
Gross Annual Income: $262,000
-
Net Operating Income (NOI): $170,000
-
Condition: Turnkey asset in pristine condition with zero deferred maintenance
-
Compliance: Fully up to date on all municipal re-certifications and fully permitted as of 2026
Property Features & Finishes
-
Spacious Unit Mix: Comprises 12 large, highly desirable Deco-style studio apartments that consistently attract high-quality, vetted tenants.
-
Designer Upgrades: Common areas and lush outdoor garden spaces have been meticulously appointed by professional landscape and interior designers.
-
Operations: Professionally managed to guarantee a smoothly operating, low-maintenance passive investment.
Location Advantages
Nestled in one of Coral Gables’ finest residential neighborhoods, the property benefits from stunning local architecture, mature lush treescapes, and top-tier walkability. This prime location secures a strong trajectory for sustained rental income growth and long-term asset appreciation in South Florida.
Quick Glance
- Listing ID:
CL-Florida-28055
- Status:
Active
- Year Build:
N/A
- Building Size:
5,526 SqFt
- Lot Size:
N/A
-