About This Home

This 0-bedroom, 0-bathroom residential multi family at 1427 NW 2nd Avenue in Florida City, FL is listed for $2,399,000 ($461 per sqft). Built in 1961, the home offers 5,206 sqft of living space on a 0.69 acres lot.

Key Features

  • Built in 1961
  • 0.69 acre lot
  • 6000 parking spaces

Property Details

1 story
6000 spaces
1961

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$12,830/mo

20% down · 6.5% · 30 years

Principal$1,735
Interest$10,396
Insurance$700

Estimates only. Actual payments may vary.

Location

1427 NW 2nd Avenue

Florida City, FL

Property Details

Flooring

Tile

Construction

Concrete Block - With Stucco Stucco

Parking

Guest

Heating

Heat Pump (Heating)CentralElectric (Heating)

Cooling

ElectricHeat PumpHumidity ControlCentral AirWall/Window Unit(s)ENERGY STAR Qualified EquipmentWindow Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 1427 NW 2nd Avenue is listed at $2,399,000 ($461/sqft). The estimated monthly payment is $12,831 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1961, 0.69 acre lot, 6000 parking spaces.

This property is listed by Richard M DiPietro.

RD

Richard M DiPietro

License 3659026

Agent at Real Broker, LLC

Listed by Real Broker, LLC · Broker phone: (855) 450-0442 · Broker website

MLS# B26077350· Source: BeachesMLS· 44 days on PropertySimple

Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1427 NW 2nd Avenue, Florida City, FL

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