3707 SW 1st St
3707 SW 1st St, Miami, FL 33134
Unique Mixed-Use, Stabilized Investment Opp with Upside Potential! 2-building gem is located off the high traffic intersection of West Flagler and Douglas Rd at First Street. Nestled at the edge of Coral Gables, the 2-story properties, 5,940 sqft lot, hard corner commercial unit, w/great visibility & off-street parking for guests & tenants.
Corner commercial unit has $150,000 recently invested in Cap-Ex improvements. Formerly a medical facility, a new tenant is in place and secured w/ 5-year lease, set to open in Jan 2022. The second building is a stacked-duplex with 2 full-floor remodeled residential units with $85,000 in improvements. The residential tenants are on annual leases with low rents. Combined total income of approx. $84,780 annual with upside to potential 5.46% Cap Rate.