$900,000

521 SW 40th Ct Coral Gables, FL 33134

Flagami Neighborhood

Estimated payment $6,024/month

Total Views 726
-- Bed
-- Bath
2,373 Sq Ft
$379 Price per Sq Ft

Highlights

  • Patio
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Coral Gables Senior High School Rated A-

About This Home

Investor special! This fully rented, non-conforming tri-plex in the heart of Miami brings in $7,300/month in rent, plus an additional $600/month in utility income that covers water and electric—totaling $94,800 annually. The property has been fully remodeled and features a beautifully updated pool and shared backyard, offering a highly desirable setup for tenants and strong rental appeal. Cash flow from day one with potential for long-term growth. Schedule your private showing today—opportunities like this don’t last!

Listing Agent

Francis Cordero

Keller Williams Realty Consult License #3375270

Keller Williams Realty Consult

Co-Listing Agent

Cheyenne Kirschbaum

Keller Williams Realty Consult License #3583518

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,014

Year Built

  • Built in 1960

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,373 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • 3 Units
  • Floyds Groves Est 1St Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-05-055-0030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,014

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Year Built: 1960
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Private Spa: No
  • Flooring: Ceramic Tile
  • Living Area: 2373.0

Exterior Features

  • Exterior Features: Patio
  • Lot Features: < 1/4 Acre
  • Pool Features: In Ground, Pool
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Not Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: None
  • Community Features: Non-Gated

Lot Info

  • Parcel #: 01-41-05-055-0030
  • Zoning Description: 0100

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12014.0

Multi Family

  • Number Of Units Total: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,014 $608,504 $350,811 $257,693
2023 $12,014 $565,941 $310,554 $255,387
2022 $10,418 $486,941 $229,465 $257,476
2021 $8,514 $382,858 $175,406 $207,452
2020 $8,501 $381,312 $171,955 $209,357
2019 $8,719 $390,640 $171,955 $218,685
2018 $8,331 $392,798 $171,955 $220,843
2017 $7,746 $339,392 $0 $0
2016 $7,242 $308,539 $0 $0
2015 $6,617 $280,490 $0 $0
2014 -- $267,369 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 For Sale $900,000 0.0% $379 / Sq Ft
03/13/2025 03/13/25 For Rent $3,500 0.0% --
03/06/2025 03/06/25 Off Market $3,500 -- --
01/22/2025 01/22/25 For Rent $3,500 0.0% --
09/26/2024 09/26/24 For Rent $3,500 -- --
Source: BeachesMLS (Greater Fort Lauderdale)

Deed History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed -- Attorney
Quit Claim Deed $145,000 --
Warranty Deed $149,000 --
Warranty Deed $115,000 --
Personal Reps Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $564,000 New Conventional
Previous Owner $140,000 New Conventional
Source: Public Records

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: F10497835

BeachesMLS (Greater Fort Lauderdale)

APN: 01-4105-055-0030

Florida Miami/Dade County Coral Gables 33134 Flagami

521 SW 40th Ct, Coral Gables, FL

Homes for Sale in Coral Gables, FL

This home is located at 521 SW 40th Ct, Coral Gables, FL 33134 and is currently priced at $900,000, approximately $379 per square foot. This property was built in 1960. 521 SW 40th Ct is a home located in Miami-Dade County with nearby schools including Auburndale Elementary School, Kinloch Park Middle School, and Coral Gables Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Francis Cordero
Listing Agent
Francis Cordero
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Keller Williams Realty Consult
(786) 686-7297