This Coral Gables multi-family property holds significant rent potential. With 8 beds and 4 baths across two 2/1 units, rental income could range from $5K to $7.6K per month based on comps. This translates to an annual revenue of approximately $60K to $91.2K. Given the vibrant Coral Gables market, the estimated payback period is promising, particularly with the property's charming features like fireplaces and garages. However, its age may present maintenance challenges.
To enhance rental income, consider modernizing interiors and upgrading amenities such as smart home features. If selling is on the table, highlighting its investment potential and location in Coral Gables could attract a premium. Enhancing curb appeal and ensuring maintenance-free living will further boost its appeal to potential buyers or renters.