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1427 NW 2nd Avenue, Florida City FL 33034

Commercial For Sale
$2,399,000

BTC: 29.98750000

ETH: 959.60000000

New
0 room(s)

Overview

4 lot portfolio. 9 unit building with parking on a 12k SF lot produces $14.45k per month in actual rent. 3 platted lots sit on the same block, bringing the site to 30k SF / 0.69 acres under uniform 3000 Multi-Family General zoning. Actual rents $14.45k monthly $173.4k GPI. OpEx $19.3k. NOI $154.1k. Mix: two 2bed 2bath, two 2bed 1bath, four 1bed 1bath, one efficiency. RM-20 research allows 11 additional residential units on this vacant land, 4 stories, parking of 1.25 to 1.5 spaces per unit, and 45% lot coverage. Potential rezoning due to nearby transit stop can add additional units. Upgrades include: new roof, impact windows and doors, updated 220 electric, full sprinkler. Interior reno includes new tile, appliances, and cosmetics. Request the Offering Memo for additional information.

Location

Details

Type:
Commercial Sale
Parking:
Common / Free Parking / Guest / Shared Parking
Year Built:
1961
Lot:
0.69 Acres
Heating:
Central Individual A/C / Central / Electric / Heat Strip / Heat Pump/Reverse Cycle
Price/sqft:
No Data
Cooling:
Central Individual A/C / Central Air / Electric / Humidity Control / Ridge Vent/Turbines
HOA:
No Data

Valuation

Recent sales nearby
30 public-records sales within 0.5 mi
Median actual sale: $330K
Not enough MLS comparables for a model estimate on this property. Public-records data shown instead.

Highlights

Annual tax
$7,606
2025
Parking
6000 spaces
All facts and features
  • Flooring

    • Tile

    Heating

    • Central Individual A/C

    • Central

    • Electric

    • Heat Strip

    • Heat Pump/Reverse Cycle

    Cooling

    • Central Individual A/C

    • Central Air

    • Electric

    • Humidity Control

    • Ridge Vent/Turbines

    Other interior features

    • Fire Sprinklers

  • Parking

    • Common

    • Free Parking

    • Guest

    • Shared Parking

    Property

    • Levels: 1

    • Exterior Features: Room For Pool

    Lot

    • Lot: 0.69 Acres

    Other Property Information

    • Parcel Number: 16-78-24-020-0550

    • Zoning: 3000

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $7,606

  • Source details

    • MLS ID: B26077350

    Other facts

    • Construction Materials: Insulated / Plaster

    • Lot Features: Corner Location / Corner Lot / Near School / Shopping Center / 1/2 To Less Than 3/4 Acre Lot / Less Than 1 Acre / In Residential Area / Fenced / Sidewalk

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Real Broker LLC