furnished, luxury co-living in coral gables across from um...miracle mile, coconut grove, downtown...
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8 0 0 S D I X I E H I G H W A YC O R A L G A B L E S , F L
Colliers International South Florida, LLC801 Brickell Avenue Suite 850Miami, FL 33131P: +1 305 359 3690
Accelerating success.
GERARD YETMING
+1 786 517 4995
MITASH KRIPALANI
+1 786 271 5598
JULIAN ZUNIGA
+1 786 547 0153
VIRGILIO FERNANDEZ
+1 305 613 4507
SEAN J. BAIRD
+1 772 633 1376
JONATHAN HOLT
+1 727 743 7432
FOR SALE | 800 S DIXIE HIGHWAY, CORAL GABLES, FL
Furnished, Luxury Co-Living in Coral Gables Across from UMColliers International is pleased to present Orduna Court, a 24-unit student housing community walking distance to the prestigious University of Miami. The residences are equipped with smart technology and luxury amenities. This four-story community was originally constructed in 1982 and completely renovated in 2018/2019 with modern interiors and finishes. This one-of-a-kind boutique community features a swimming pool, large balconies, high-end kitchens with stainless steel appliances, and wood flooring.
S DIXIE HIGHWAY
COCONUT GROVEBRICKELLDOWNTOWN MIAMI
S DIXIE HIGHWAY800
MINOR STREET
Unrivaled Transit Access. Excellent Multifamily Market Fundamentals
Orduna Court is located on US 1 across from the University of Miami’s main campus. Conveniently located within walking distance to the Metrorail station, the building is a short train ride from the Brickell’s financial district as well as trendy neighborhoods such as Coconut Grove, Downtown Dadeland, Coral Gables, Kendall, Downtown Miami and more.
Orduna Court offers investors a rare opportunity to maximize revenue by offering student housing by the bedroom, while also having the flexibility to offer short and long-term rentals of furnished units in the heart of Coral Gables. Within walking distance from UM’s main campus, which spans more than 239 acres with over 17,000 students enrolled, makes this an ideal student housing opportunity.
Orduna Court presents the unique opportunity to capitalize on above market rental income by implementing a furnished, co-living rent by the bed business plan. The furnished and renovated units, which current ownership has already rented to University of Miami students, are getting rents as high as $3.95 PSF.
VIBRANT LIVE / WORK / PLAY
EXCELLENT RENTAL DRIVERS
UNPARALLELED CO-LIVING INCOME
The building is located directly on US 1 and walking distance to the
University Metrorail station and the University of Miami.
FOR SALE | 800 S DIXIE HIGHWAY, CORAL GABLES, FL
Orduna Court is the result of an assemblage of all 24 condominium units at 800 South Dixie Highway. New ownership will have the option to terminate the association, or leave it in its present legal definition. This provides the flexibility to potentially resell individual units as independent income producing assets. Alternatively, the buyer may choose to terminate the Condominium to either sell the asset in the future or redevelop the site.
MULTIPLE LONG-TERMEXIT OPTIONS
FOR SALE | 800 S DIXIE HIGHWAY, CORAL GABLES, FL
University of MiamiWith more than 17,000 students from around the world, the University of Miami is a vibrant and diverse academic community. The university comprises 11 schools and colleges serving undergraduate and graduate students in more than 180 majors and programs. UM ranks No. 46 on U.S. News & World Report’s 2018 Best Colleges list and ranked No. 44 in the 2018 Wall Street Journal/Times Higher Education College Rankings.
Established in 1925 during the region’s famous real estate boom, UM is a major research university engaged in $324 million in research and sponsored program expenditures annually. While the majority of this work is housed at the Miller School of Medicine, investigators conduct hundreds of studies in other areas, including marine science, engineering, education, and psychology.
FOR SALE | 800 S DIXIE HIGHWAY, CORAL GABLES, FL
Property Information
Address 800 South Dixie Highway, Coral Gables, FL
Year Built 1982
Year Renovated 2018
Parcel ID 03-4119-010-0010
Land Area 25,000 SF (0.57 Acres)
Zoning Code MF-2 (Multi-family 2 District)
2018 Total Assessed Value $6,447,495
2018 Assessed Taxes $102,400
Building Size 25,500 SF
Units 24
Bedrooms 60
Number of Floors 5Five
Stories
Public Transit
25,500 Rentable SF
1,142Average
Per unit SF
42 Parking spaces
7 min Transit Time to
Brickell
Orduna Court is located on South Dixie Highway, also known as U.S. 1, and directly across the street from the prestigious University of Miami in the heart of Coral Gables, Florida. The building’s location has direct exposure to more than 90,000 vehicles per day and places residents minutes to Miracle Mile, Coconut Grove, Downtown Miami, Brickell and South Miami. Orduna Court was designed with one purpose: to enhance the student housing and co-living experience. The design team conducted research and spent time gathering feedback on amenities important to UM students including proximity to campus, room layouts, furniture designs, and incorporating state-of-the-art smart technology into the building and units. The final outcome illustrates the ideal housing experience – providing a modern and safe living community, which caters to the wants and needs of UM students, new graduates and young career professionals. Orduna Court is modern co-living at its finest – it offers investors a rare opportunity to maximize revenue by offering housing opportunities by the bedroom or by the unit, furnished or unfurnished, alongside the flexibility to offer short and long-term rentals of furnished and unfurnished units.
Contact us today to learn more about this one-of-a-kind investment opportunity.
Accelerating success.
colliers.com/southflorida
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This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2018. All rights reserved.
S DIXIE HIGHWAY800
INVESTMENT SALES TEAM
Colliers International South Florida, LLC801 Brickell Avenue Suite 850Miami, FL 33131P: +1 305 359 3690
GERARD YETMING
+1 786 517 4995
MITASH KRIPALANI
+1 786 271 5598
JULIAN ZUNIGA
+1 786 547 0153
VIRGILIO FERNANDEZ
+1 305 613 4507
SEAN J. BAIRD
+1 772 633 1376
JONATHAN HOLT
+1 727 743 7432