ActiveMixed Use
1627 SW 37th Ave # 1, Miami FL 33145
Miami, FL 33145 · MLS #A12028876The residence
About this property
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!
At a glance
Property details
- Property type
- Mixed Use
- Listing type
- For sale
- Status
- Active
- Year built
- 2004
- Lot size
- 1,107 sq. ft.
- County
- Miami-Dade County
- Days on market
- 133
- Original list price
- $499,900
- Listing date
- June 1, 2026
- MLS record updated
- October 12, 2026
- Association fee
- $718 monthly
- Annual property tax
- $6,500 (2025)
- Listing agent
- Mauricio Jalil
- Listing office
- MJ Estates, Inc.
- MLS number
- A12028876
Neighborhood & location
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Schools
School information
- School district
- Miami-Dade County Public Schools
Plan your purchase
Mortgage calculator
- Principal & interest
- $2,528
- Property taxes
- $542
- Homeowners insurance
- $250
- HOA
- $718
- Estimated total
- $4,037
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
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Listing courtesy of MJ Estates, Inc., 305-395-3433.
Data provided by MIAMI Association of REALTORS®. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.