23 Majorca Ave, Coral Gables FL 33134 | Miami-Dade County | A12103363

At 23 Majorca Ave, this 1949 single-family structure in Coral Gables offers a versatile foundation on a 5,640-square-foot lot within the Coral Gables Sec L subdivision. The property currently functions as a fourplex with four separate two-bedroom, one-bath units, all fully leased for a year, providing immediate rental income. With 8 bedrooms and 4 full baths totaling 4,200 square feet of living area, the home presents two distinct paths for ownership: it can remain a stabilized income-producing asset or be evaluated for conversion to a single-family residence. Buyers should verify zoning, permitting, and conversion feasibility with the City of Coral Gables before proceeding. Located on a tree-lined street, the address is minutes from Miracle Mile, Downtown Coral Gables, the University of Miami, and Merrick Park. This positioning offers convenient access to the city’s commercial hubs and green spaces while maintaining a residential character. The current tenancy means the property is occupied, so showings require appointment and advance notice to respect the residents’ privacy. Priced at $1,975,000, this sale includes access to the rent roll and operating manual upon request. For specific details regarding lease terms, financials, or scheduling a viewing, please call 305-859-4733.