Property 1427 NW 2nd Avenue, Florida City, FL for sale with MLS# B26077350
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.
1427 NW 2nd Avenue, Florida City, FL
Price
- Price:
- $2,399,000.00
- Original List Price:
- $2,399,000.00
Lease Details
- Tenant Pays:
- Electricity, Telephone, Cable Tv, Interior Electric
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- September 17, 2026 3:46 pm
- Other Special Conditions:
- Sold As-is
Measures
- Built-Up Area:
- 5,206 Sqft
- Lot Area:
- 30,000 Sqft
- Building Area Source:
- Public Records
- Lot Features:
- Corner Lot, Room For Pool, Landscaped, Sidewalks
- Lot Size Acres:
- 0.69
Property Features
- Security:
- Smoke Detector(s), Fire Sprinkler System, Fire Alarm, Carbon Monoxide Detector(s)
- Air Conditioning
- Air Conditioning System:
- Central Air, Wall/window Unit(s), Electric, Humidity Control, Central Individual, Energy Star Qualified Equipment, Heat Pump, Ridge Vent(s)
- Heating
- Heating System:
- Central, Electric, Heat Pump, Heat Strip, Separate Meters, Central Individual
- Fence:
- Fenced
- Road Responsibility:
- Public Maintained Road
- Other Equipment:
- Satellite Dish
- Sprinkler Description:
- Auto Sprinkler, Zoned Sprinkler
Construction
- Year Built:
- 1961
- Roof:
- Flat, Shingle
- Number of Buildings:
- 1
- Number of Units Total:
- 9
- Construction Materials:
- Stucco, Concrete Block - With Stucco
- Flooring:
- Tile
- Number of stories:
- 1
- Stories:
- 1
- Road Frontage Type:
- City Street
- Foundation Details:
- Block
- Flood Zone Code:
- X
- Property Condition:
- Updated/remodeled
Taxes and Expenses
- Tax Annual Amount:
- $7,606.01
- Tax Year:
- 2025
- Tax Assessed Value:
- $344,525.00
- Maintenance Expense:
- $1,350.00
- Insurance Expense:
- $7,000.00
Parking
- Parking Total Spaces:
- 6000
- Parking Features:
- Common, Guest, Free, Shared
Utilities
- Sewer:
- Public Sewer
- Electric:
- 220 Volts, 200+ Amp Service, Separate Meters
- Utilities Available:
- Electricity Available, Sewer Available, Water Available, Cable Connected
- Water Source:
- Public
Community
- Building Name:
- 1427
- Senior Community:
- No
Terms
- Documents Available:
- Deed, Rent Rolls, Photos, Title/abstracts, Personal Property Inventory
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA, VA Loan, Owner Will Carry Points, Private Financing Available, 1031 Exchange, Lease and Purchase Agreement, Other, Contract
- Buyer Possession:
- Close Of Escrow
Zoning and Legal
- Tax Legal Description:
- 24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L + Vacant Lots 11, 12 & 13 totaling 18,000 SQ FT.
- Real Estate Folio Number (Parcel Number):
- 1678240200550
- Zoning:
- 3000
Listing History
- Active on the market since:
- September 17, 2026
- Listing Agreement executed on:
- September 16, 2026
- Listing Status Last Changed On:
- September 17, 2026 3:46 pm
- Photos updated on:
- October 2, 2026 8:19 pm
- Last Modified:
- November 5, 2026 6:34 am
Additional Information
- Courtesy of:
- Real Broker, LLC
- Attribution:
- Not provided
- Road Surface Type:
- Paved, Asphalt
Location
- Street Name:
- 2nd
- Street Number:
- 1427
- City:
- Florida City
- State:
- Florida
- County:
- Miami-Dade
- Latitude:
- N25° 27' 38.4''
- Longitude:
- W81° 31' 12.2''
- Street Suffix:
- Avenue
- Street Direction Prefix:
- NW
Property Map
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