Property Description
Incredible value-add and development opportunity in a high-growth area! This 9-unit multifamily generates $7,971/month at 97% occupancy, offering strong cash flow. Includes a $300K transferable Affordable Housing Grant and $80K in recent capital improvements, Brand new roof (2025), impact windows (2025), and doors (2025). Additional: 24,000 SF adjacent vacant lot approved for 30 units, ideal for portfolio expansion or ground-up development. Zoned for flexibility and positioned for future growth. Rare opportunity for investors seeking stable income, upside potential, or both. Remarks are not guaranteed and should not be relied upon as representations or warranties, express or implied. Seller Financing Available!
Features
- Sewer
Address Map
- State:
- FL
- County:
- Miami-Dade
- City:
- Florida City
- Zipcode:
- 33034
- Street:
- 1427 Nw 2nd Ave, Florida City, Florida 33034
- Longitude:
- W81° 31' 12.3''
- Latitude:
- N25° 27' 38.4''
MLS Addon
- Cumulative DOM:
- 193
- DOM:
- 193
- Exterior Features
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash,Conventional,Cryptocurrency,Owner May Carry
- Lot Features
- LotSize Dimensions:
- 90x80
- Parcel Number:
- 16-78-24-020-0550
- Subdivision Name:
- CORAL BAY MANOR
- Tax Annual Amount:
- $7,150
- Tax Year:
- 2024
- Utilities
- Virtual Tour:
- Click Here
Land For Sale
1427 Nw 2nd Ave, Florida City, Florida 33034, Florida City, Florida 33034
30,000 Sqft
$2,550,000
MLS # #A11850691
Basic Details
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $2,550,000
- Lot Area :
- 30,000 Sqft
- MLS # :
- A11850691
