Multifamily in Coral Gables, FL 33134

Granada, 400 Alcazar Ave

Immaculate turnkey Coral Gables duplex featuring two 2-bed/1-bath units, each with classic architectural charm across two stories. The owner commissioned a thorough pre-sale inspection from TruView Inspections, among the best in the business, completed September 1, 2026, and available to qualified buyers upon request. Major capital improvements are complete: new roof (2022), impact windows and doors (2024). $7,000/month gross income potential: the upper unit is leased at $3,700/month, and the vacant ground-floor unit is rent-ready from day one. Perfect for an owner-occupant offsetting the mortgage with the upper unit, or an investor seeking immediate full occupancy in an ultra-high-demand market where the lower unit recently drew multiple applications within 24 hours. Located on an affluent, quiet residential street within top-rated school districts, the ground-floor residence features a large private terrace, plus a spacious backyard and rare off-street parking for several vehicles. Stroll to Miracle Mile and Giralda Plaza's dining and shopping, or tee off at historic Granada Golf Course. With in-place income, possession flexibility, and pristine condition, 400 Alcazar is an exceptional opportunity for owner-occupants and investors alike.