Miami, FL 33145 1627 SW 37th Ave CU-1
$499,900



12 more












Presented By: This listing is courtesy of MJ Estates, Inc.
Home Details
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.
Presented By: This listing is courtesy of MJ Estates, Inc.
Interior Features for 1627 SW 37th Ave CU-1
Bedrooms
Total Bedrooms1
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
General for 1627 SW 37th Ave CU-1
Assoc Fee Paid PerMonthly
AttributionContact[email protected]
CityMiami
CoolingCentral Air
CountyMiami-Dade
DisclosuresOwner Is Listing Agent
Full Baths
Gross Income45000
HOA Fee$718
HeatingCentral, Electric
Legal DescriptionGABLES VIEW CONDO UNIT CU-1 UNDIV 1107/77627 INT IN COMMON ELEMENTS OFF REC 22074-1684 COC 24469-4737 04 2006 1
Listing TermsCash, Conventional, Owner May Carry
Lot Size Square Feet1107
Lot Size UnitsSquare Feet
MLS Area41
Net Operating Income28000
Number Of Units Total1
Occupancy TypeTenant
Ok to Lease36 Months
PossessionClosing & Funding, Close Of Escrow
PostalCityMiami
Property Sub Type AdditionalCondominium
Property SubtypeCondominium
Property TypeCommercial Sale
SewerPublic Sewer, Other
Special Listing ConditionsCorporate Listing
Standard StatusActive
StatusActive
Stories Count9
Tax Annual Amount6500
Tax Year2025
Tenant PaysElectricity, Fire Insurance, HVAC Maintenance, Insurance, Minor Interior Maintenance, Telephone
Unit NumberCU-1
Virtual TourClick here
Year Built2004
Zoning Description6100
Exterior for 1627 SW 37th Ave CU-1
Building Area Total1107
Covered Spaces
Lot Size Area1107
Number of Buildings1
Parking FeaturesFree Parking, Guest, Other, On Street
Road Frontage TypeCounty Road, City Street
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Liliana Maria Jarava Leguia
Realtor®
SQFT • 1,107