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About This Home
This land at 1427 NW 2nd Ave in Florida City, FL is listed for $2,550,000 (0.69 acres).
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!
Key Features
- 0.69 acre lot
Location
1427 NW 2nd Ave
Florida City, FL 33034
Coral Bay Manor
Features & Amenities
Exterior Features
Questions & Answers
This 0-bedroom, 0-bathroom land at 1427 NW 2nd Ave is listed at $2,550,000. The estimated monthly payment is $11,050 based on 20% down at 6.5% interest.
Key features include: 0.69 acre lot. Exterior Features: Security/High Impact Doors.
This property is listed by Duriel Taylor and can be reached at 9544398865 or dtaylorestate@gmail.com.
