1627 SW 37th Ave # 1, Miami FL 33145

Description of 1627 SW 37th Ave # 1, Miami FL 33145

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!

Property Details for 1627 SW 37th Ave # 1, Miami FL 33145

Heating

Central Electric

Cooling

Central Individual A/C

Parking Features

Free Parking, Guest, Other, On Street

Pool Private

No

Year Built Details

Resale

Building Information for 1627 SW 37th Ave # 1, Miami FL 33145

Building Name

Gables View Condo

Building Area Total

1107

Building Area Units

Square Feet

Stories

9

Stories Total

9

Association

No

Association Fee

$718

Association Fee Frequency

Monthly

Property Information for 1627 SW 37th Ave # 1, Miami FL 33145

Lot Size Square Feet

1,107

Waterfront

No

View

No

Construction Materials

Insulated

Sewer

Other, Public Sanitation

Water Source

Public

New Construction

No

Public Records for 1627 SW 37th Ave # 1, Miami FL 33145

Parcel Number

01-41-09-083-0790

Tax Annual Amount

$6,500

Tax Year

2,025

Tax Legal Description

GABLES VIEW CONDO UNIT CU-1 UNDIV 1107/77627 INT IN COMMON ELEMENTS OFF REC 22074-1684 COC 24469-4737 04 2006 1

Zoning

6100

County Or Parish

Miami-Dade County

Location