Active

Address

1427 NW 2nd Florida City

Price

$2,399,000

Notes

MLS# B26077350

Listing Status Active

County Miami-Dade County

City Florida City

Area 78

Neighborhood

Zip 33034

Style —

Year Built 1961

Taxes $7,606

Price $2,399,000

Bedrooms —

Full Bathrooms —

Half Bathrooms —

Price

$2,399,000

Description

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.

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Interior Features

Interior Amenities Fire Sprinklers

Air Conditioning Y/N Yes

Heating Y/N Yes

Half Baths —

Total Bedrooms —

Living Area Source —

Total Baths 0

General Features

Sewer At Site, Public Sewer, Other, Public Sanitation, Sewer

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

Possession

Roof Comp Shingle Roof, Flat Tile, Flat Roof With Facade Front, Shingle

Appliances

Development Status

Architectural Style

Pool Features

Construction Materials Insulated, Plaster

Pets Allowed

View

Property Subtype Multi Family

Tax Year 2025

Property Type Commercial Sale

Garage Y/N —

Special Listing Conditions Sale

Directions Google Map & Navigation friendly.

Disclosures

Senior Community Y/N —

Zoning Description 3000

Lot Size Square Feet 30,000 SqFt

Listing Terms All Cash, Conventional, Exchange, FHA, FHA 203K, Lease Purchase, Owner Will Carry, Owner Hold 2nd Mortgage, VA Loan

Year Built Details Newly Updated/Renovated

Lease Considered Y/N Yes

Exterior Features

Exterior Amenities Room For Pool

Parking Features Common, Free Parking, Guest, Shared Parking

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

Waterfront Y/N No

Road Frontage Type City StreetCity/County MaintainedPaved RoadCity

Location