See all 5 photos

$2,550,000

Est. payment - /mo

0.69 Acres Lot

Active

1427 NW 2nd Ave Florida City, FL 33034

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Jenise Gato

peacefulmoves@gmail.com +1(786) 486-2826

UPDATED:

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. Seller Financing Available!

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, Owner May Carry

Listing Terms Cash, Conventional, Cryptocurrency, Owner May Carry

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11850691

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Canvas Real Estate

If you have been thinking about selling your home, or are looking to buy your dream home, Jenise welcomes the opportunity to meet you!! Feel free to reach out to me so we can discuss your real estate needs.

+1(786) 486-2826

peacefulmoves@gmail.com

Southeast Florida, Miramar, FL, 33029, USA