4 lot portfolio. 9 unit building with parking on a 12k SF lot produces $14.45k per month in actual rent. 3 platted lots sit on the same block, bringing the site to 30k SF / 0.69 acres under uniform 3000 Multi-Family General zoning. Actual rents $14.45k monthly $173.4k GPI. OpEx $19.3k. NOI $154.1k. Mix: two 2bed 2bath, two 2bed 1bath, four 1bed 1bath, one efficiency. RM-20 research allows 11 additional residential units on this vacant land, 4 stories, parking of 1.25 to 1.5 spaces per unit, and 45% lot coverage. Potential rezoning due to nearby transit stop can add additional units. Upgrades include: new roof, impact windows and doors, updated 220 electric, full sprinkler. Interior reno includes new tile, appliances, and cosmetics. Request the Offering Memo for additional information.
- Heating System
- Cooling System
- Parking Features
- Roof
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Florida City
- Zipcode:
- 33034
- Street:
- 1427 Nw 2nd Avenue, Florida City, Florida 33034
- Longitude:
- W81° 31' 12.3''
- Latitude:
- N25° 27' 38.4''
- Building Area:
- 5,206 Sqft
- Construction Materials
- Cumulative DOM:
- 23
- DOM:
- 23
- Directions:
- Google Map & Navigation friendly.
- Electric
- Exterior Features
- Flooring
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lot Features
- Parcel Number:
- 16-78-24-020-0550
- Stories Total:
- 1
- Structure Type:
- Retail
- Tax Annual Amount:
- $7,606
- Utilities
- Virtual Tour:
- Click Here
Commercial Sale For Sale
1427 Nw 2nd Avenue, Florida City, Florida 33034, Florida City, Florida 33034
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,399,000
- Year Built :
- 1961
- Lot Area :
- 30,000 Sqft
- MLS # :
- B26077350
