$499,90028 days on marketActive

1627 SW 37th Avenue CU1, Miami, FL 33145

Miami, FL 33145

Sq Ft

2004

Year Built

0.03 acres

Lot Size

Listing Snapshot

List Price	$499,900
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	0.03 acres

Year Built	2004
Property Tax	$6,500/yr
HOA / Condo Fee	$718 / monthly
MLS #	1171983239
Status	Active
Days on Market	28

About This Home

Coral Gables prime retail/office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Seller may finance. Mint condition interior with a spacious private inside restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased until December 2026 to an excellent tenant—delivering a gross annual income of $45,084 with very low expenses and zero management efforts required. Offered at an attractive 6% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable, hassle-free cash flow in a blue-chip location! Flexible parking options available. Owners only may rent 1–2 dedicated parking spaces (subject to availability). Convenient guest parking accommodates up to 3 client vehicles only at a time. Additional 20-minute parking is located directly in front of the unit, with ample metered and street parking available across the street!!