5
See all 5 photos
$2,650,000
Est. payment /mo
0.69 Acres Lot
New
1427 NW 2nd Ave Florida City, FL 33034
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Coral Bay Manor
MLS Listing ID A11850691
HOA Y/N No
Annual Tax Amount $7,150
Tax Year 2024
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions 90x80
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.
Location
State FL
County Miami-dade
Community Coral Bay Manor
Area 78
Exterior
Exterior Feature Security/High Impact Doors
Utilities Available None, Sewer Not Available
Private Pool Yes
Building
Lot Description <1 Acre
Sewer None
Water Public
Others
Tax ID 16-78-24-020-0550
Acceptable Financing Cash, Conventional, Cryptocurrency
Listing Terms Cash, Conventional, Cryptocurrency
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11850691
Listed by Canvas Real Estate