Florida City, FL 33034 1427 NW 2nd Ave
$2,550,000
0 more
Presented By: This listing is courtesy of Canvas Real Estate;
Home Details
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!
Presented By: This listing is courtesy of Canvas Real Estate;
Interior Features for 1427 NW 2nd Ave
Bathrooms
Total Baths
General for 1427 NW 2nd Ave
Additional Parcels Description16-78-24-020-0530, 16-78-24-020-0520
CityFlorida City
CountyMiami-Dade
Legal Description24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L
Listing TermsCash, Conventional, Cryptocurrency, Owner May Carry
Lot Size Square Feet30000
Lot Size UnitsSquare Feet
MLS Area78
PossessionClosing & Funding, Close Of Escrow
PostalCityFlorida City
Property TypeLand
SewerNone
Standard StatusActive
StatusActive
Subdivision NameCORAL BAY MANOR
Tax Annual Amount7150
Tax Year2024
UtilitiesNone, Sewer Not Available
Virtual TourClick here
Zoning Description3000
Exterior for 1427 NW 2nd Ave
Covered Spaces
Exterior AmenitiesSecurity/High Impact Doors
Lot Dimensions90x80
Lot Features<1 Acre
Lot Size Acres0.69
Lot Size Area30000
Number of Lots4
Road ResponsibilityPublic Maintained Road
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Duriel Taylor
Realtor
