38-Unit Build-Ready Multifamily Development Opportunity in Florida City, FL. Rare investment opportunity featuring approved plans for a 38-unit rental community in one of South Florida’s fastest-growing markets. Strategically located in a high-demand rental area with strong population growth, expanding job market, and excellent access to major highways and the Florida Keys.This shovel-ready development site offers investors and developers the opportunity to capitalize on long-term cash flow and appreciation potential. Projected stabilized financials show approximately $1.4M in gross rental income with projected NOI exceeding $900K annually.Property highlights include approved multifamily zoning, efficient site layout, modern community design, ample parking, and strong rental absorption potential. Ideal for multifamily investors, builders, and developers seeking a high-growth South Florida asset.
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Florida City
- Zipcode:
- 33034
- Longitude:
- W81° 31' 14.8''
- Latitude:
- N25° 26' 52.4''
- Cumulative DOM:
- 3
- DOM:
- 3
- Internet Listing Display:
- 1
- LotSize Dimensions:
- 360x220
- Parcel Number:
- 16-78-24-020-0010
- Subdivision Name:
- CORAL BAY MANOR
- Tax Annual Amount:
- $35,000
- Utilities
- Virtual Tour:
- Click Here
Land For Sale
Florida City, Florida 33034
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $3,000,000
- Lot Area :
- 6,000 Sqft
- MLS # :
- A12019296
- Property Sub Type :
- Multi Family
