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!
Property Details
Price:
$2,650,000
MLS #:
A11850691
Status:
Active
Beds:
0
Baths:
0
Address:
1427 NW 2nd Ave
Type:
Single Family
Subdivision:
CORAL BAY MANOR
Neighborhood:
coralbaymanor
City:
Florida City
Listed Date:
Aug 2, 2025
State:
FL
ZIP:
33034
Lot Size:
30,000 sqft / 0.69 acres (approx)
Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$7,150
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1427 NW 2nd Ave
Florida City, FL
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