1427 Nw 2nd Ave, Florida City, FL 33034
- $1,999,999
- List Price
- $1,999,999
- Price Change
- ▼ $250,001 1785094006
- MLS#
- A11850691
- Status
- ACTIVE
- Type
- Commercial
Property Description
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!
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Additional Information
- Days on Market
- 361
- Tax Amount
- $7,150
- Parcel Number
- 16-78-24-020-0550
- Lot Size
- 30,000
- Address
- 1427 Nw 2nd Ave, Florida City
- Development Name
- Coral Bay Manor
- Development
- Coral Bay Manor
- Section
- 24
Mortgage Calculator
Listing Courtesy of Compass Florida, LLC, Contact: 954-439-8865