Property Details

Property Description

Fausto Commercial is pleased to present
an exclusive opportunity to acquire 114
Menores Ave, a renovated, income-
producing 8-unit multifamily building in
Coral Gables' Douglas Section. The asset is
100% occupied, fully stabilized, and offers
durable in-place cash flow with additional
upside through mark-to-market rents
supported by nearby comparable
properties.
Built in 1925 and renovated in 2020, the building
comprises eight highly attractive and sought-
after one-bedroom units averaging
approximately 717 square feet. Improvements
include new PVC / CPVC plumbing on a direct
city connection, in-unit washers and dryers still
under warranty, motion-sensor LED common-
area lighting, and secured building entry. The
property passed its 40-year recertification on
June 10, 2025, valid through 2035 — a
completed capital event and diligence hurdle
that most Coral Gables buildings of this vintage
still face. The current rent roll generates
$193, 886 gross annually against $74, 224 in
operating expenses, a 38.3% expense ratio, for
$119, 662 in trailing net operating income. In-
place rents average $1, 996 per unit against
submarket asking rents of $2, 250–$2, 300, with
seven of eight leases rolling by August 2027.
Location is one block off Douglas Road in one of
Coral Gables' most walkable residential
neighborhoods — 0.3 miles to Publix, 0.7 miles
to Miracle Mile.
Fully recertified through 2035 and 100%
occupied, with staggered leases running to
August 2027