Property 1427 NW 2nd Ave Florida City for sale with MLS# A11850691
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!
1427 NW 2nd Ave, Florida City, FL 33034
- Price:
- $2,550,000.00
- Previous Asking Price:
- $2,650,000.00
- Original List Price:
- $2,650,000.00
- Gross Scheduled Income:
- 7971
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Land
- MLS Number:
- A11850691
- Description of Last Important Update:
- Price Change
- Last Major Update on:
- September 24, 2025 6:07 pm
- Lot Area:
- 30,000 Sqft
- Lot Size Dimensions and Info:
- 90x80
- Lot Size Unit:
- Square Feet
- Lot Features:
- Less Than One Acre
- Lot Size Acres:
- 0.69
- Number of Lots:
- 4
- Waterfront:
- No
- Exterior:
- Security High Impact Doors
- Road Responsibility:
- Public Maintained Road
- Storm Protection:
- Impact-Resistant Doors
- Tax Annual Amount:
- $7,150.00
- Tax Year:
- 2024
- Covered Spaces:
- 0
- Utilities Available:
- None, Sewer Not Available
- Water Source:
- Public
- Subdivision Name:
- CORAL BAY MANOR
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional, Cryptocurrency, Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
- Buyer Possession:
- Close Of Escrow, Closing And Funding
- Lease Considered:
- No
- Tax Legal Description:
- 24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L
- Real Estate Folio Number (Parcel Number):
- 16-78-24-020-0550
- Zoning Description:
- 3000
- Originally published on:
- August 2, 2025 11:32 pm
- Active on the market since:
- August 2, 2025
- Listing Agreement executed on:
- August 2, 2025
- Price change occurred on:
- September 24, 2025 6:07 pm
- Listing Status Last Changed On:
- August 2, 2025 11:32 pm
- Photos updated on:
- August 3, 2025 3:50 am
- Last Modified:
- February 11, 2026 6:11 pm
- Flood Zone:
- X
- Municipal Code:
- 16
- Subdivision Number:
- 20
- Courtesy of:
- Compass Florida, LLC
- Attribution:
- 954-439-8865
- Street Name:
- 2nd Ave
- Street Number:
- 1427
- City:
- Florida City
- State:
- Florida
- Zip Code:
- 33034
- County:
- Miami-Dade
- Latitude:
- N25° 27' 38.4''
- Longitude:
- W81° 31' 12.2''
- Street Direction Prefix:
- NW
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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