Florida City, FL 33034 1427 NW 2nd Ave
$2,650,000
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.
Presented By: This listing is courtesy of Canvas Real Estate;
Interior Features for 1427 NW 2nd Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for 1427 NW 2nd Ave
Additional Parcels Description16-78-24-020-0530, 16-78-24-020-0520
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityFlorida City
CountyMiami-Dade
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
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
Lot Size Square Feet30000.0
Lot Size UnitsSquareFeet
MLS Area78
MobileHomeRemainsYNNo
New ConstructionNo
PossessionClosingAndFunding, CloseOfEscrow
PostalCityFlorida City
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerNone
Showing InstructionsCall Listing Agent, Call Tenant
Standard StatusActive
StatusActive
Subdivision NameCORAL BAY MANOR
Tax Annual Amount7150.0
Tax Year2024
UtilitiesNone, SewerNotAvailable
Virtual TourClick here
Zoning Description3000
Exterior for 1427 NW 2nd Ave
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSecurityHighImpactDoors
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions90x80
Lot FeaturesLessThanOneAcre
Lot Size Acres0.69
Lot Size Area30000.0
Number of Lots4
Private PoolNo
Road ResponsibilityPublicMaintainedRoad
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Duriel Taylor
Realtor
