Our team currently has the hottest listing in Coral Gables……but it’s probably not what you would expect. Last month we listed an investment property located at 517 Menendez Avenue for $699,000. Situated on a quiet Gables street, this duplex offered 3 bedrooms, 2 baths upstairs and 3 bedrooms, 2 baths downstairs with tile floors and a washer and dryer in each unit. There are tenants in both the top and bottom of the duplex who are interested in renewing their leases in May.
Since listing over 3 weeks ago, we received at least 3 showing requests per day and nearly 10 offers on the property. Considering that this is neither a foreclosure or a short sale, that is a lot of interest. Just goes to show how many investors there are out there who are looking for this type of property. I am happy to report that we went under contract yesterday! Congratulations to all parties involved!
Would you like to work with Realtors who specialize in Coral Gables real estate? Contact us today at 305-342-1623 or send a message here to learn more about working with our team!