Shenandoah 18

Fausto Commercial Realty is proud to present this 18-unit multifamily property on a large 21,489 SF lot in Shenandoah, just outside Coral Gables. The asset consists of two adjacent buildings with a total living area of 13,784 SF, featuring 8 two-bedroom/one-bath and 10 one-bedroom/one-bath units. It recently passed its 40-year recertification and offers fresh asphalt, ample parking, a pool, and a separate on-site coin laundry structure.

Seventeen units have central A/C, and one has a wall unit. The property is fully occupied and well-maintained, generating current gross income of $402,900 with an NOI of $315,632 (6.72% CAP), and a proforma NOI of $350,059 (7.45% CAP) based on rental upside. Asking price is $4,700,000. This is a rare investment opportunity in a high-demand rental market with immediate cash flow and value-add potential.