1427 NW 2nd Ave
Florida City, FL 33034
30,000Sqft(Lot)
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
Map
Map
What's Nearby
Nearby Areas
Features
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Exterior Features
Exterior Features: SecurityHighImpactDoors
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Lot Information
Lot Dimensions: 90x80 Main Square Feet: 30000 Lot Size Acres: 0.69 Lot Size Square Feet: 30,000 Lot Description: LessThanOneAcreProperty Information
Subdivision: CORAL BAY MANOR Source Property Type: Land Postal Code Plus 4: 2280 Zoning Description: 3000
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Listing Price Information
Listing Price: $2550000Original Price: $2650000Cash, Conventional, Cryptocurrency, OwnerMayCarry
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Tax Information
Parcel Number: 16-78-24-020-0550 Tax Year: 2024 Annual Tax: $7150 Tax Legal Desc: 24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L
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Utility Information
None, SewerNotAvailable -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 15900 SW 408 St, Florida City, FL, 33034 | $62,500 | -- | -- | -- | 30,056 Sqft(Lot) |
| 193XX SW 334 Street, Florida City, FL, 33034 | $269,950 | -- | -- | -- | 33,977 Sqft(Lot) |
| 189XX SW 354, Florida City, FL, 33034 | $169,900 | -- | -- | -- | 12,664 Sqft(Lot) |
| 100 W Palm Drive, Florida City, FL, 33034 | $795,000 | -- | -- | -- | 20,400 Sqft(Lot) |
| 8TH STREE NW 8st Nw, Florida City, FL, 33034 | $189,850 | -- | -- | -- | 9,700 Sqft(Lot) |
| Us1, Florida City, FL, 33034 | $14,500 | -- | -- | -- | 30,056 Sqft(Lot) |
| 41 N Krome Ave, Florida City, FL, 33034 | $3,990,000 | -- | -- | -- | 54,164 Sqft(Lot) |
| SW 344 ST SW 344 St Xx .., Florida City, FL, 33034 | $690,000 | -- | -- | -- | Acres (Lot)-- |
| US1 Us1, Florida City, FL, 33034 | $14,500 | -- | -- | -- | Acres (Lot)-- |
| Davis Parkway, Florida City, FL, 33034 | $2,500,000 | -- | -- | -- | Acres (Lot)-- |
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ByOwner last updated this listing 06/20/2026 @ 12:28
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