Price Reduced 3.77%

$2,550,000

Est. Mortgage $12,231/mo *

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Price History

$2,650,000
8/2/2025

$2,550,000
9/24/2025

1427 NW 2nd Ave, Florida City, FL, 33034

1427 NW 2nd Ave, Florida City, FL, 33034
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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!

Status:

Active

Type:

Lot / Acreage

Zoning:

3000

Subdivision:

CORAL BAY MANOR

Acreage:

0.69

Est. Taxes:

$7,150

Utilities

None,Sewer Not Available

Lot Description:

<1 Acre

Days on Market:

109

MLS #:

A11850691

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Canvas Real Estate 954-282-6350