1427 NW 2nd Avenue, Florida City, FL (MLS# B26077350)

1427 NW 2nd Avenue, Florida City, FL

$2,399,000
Property Type: Commercial Sale Square Footage: 5,206 Status: Active
Current Price: $2,399,000 List Date: 9/17/2026 Last Modified: 9/26/2026

Overview

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.

Listing Details MLS# B26077350

General Property Information

Number Of Buildings
Yes
Property Sub Type
Multi Family
Number Of Units Total
9
Price Per Unit
266556
Occupant Type
Call Listing Agent
Building Area Main
5206
Building Area Source
Public Records
Adjusted Area Main
5206
Year Built
1961
Parking Total
6000
Lot Size Area
30000
Lot Size Acres
0.69
Accessibility Features YN
Yes
Stories Total
Yes
Stories
Yes
Leasable Area
5206

Property Features

Ceiling: Exposed; Insulated; Plastered Column Span: Unknown Common Area Maintenance Includes: Exterior Maintenance; Grounds/Plants; Lawn Care Documents Available: Deed; Personal Property Inventory; Rent Rolls; Title/Abstracts Electric: 200+ Amp Service; 220 Volts; Separate Meters Fencing: Fenced Flooring: Tile Foundation Details: Block Heating: Central; Central Individual; Electric; Heat Pump; Heat Strip; Separate Meters Location of Property: Corner Lot; In Residential Area; Near School; Shopping Center; Subdivision Parking Features: Common; Free; Guest; Shared Possession: Close Of Escrow Property Condition: Updated/Remodeled Sale Includes: Building; Fixtures; Land; Leases Special Licenses: None Special Listing Conditions: Standard Sprinkler Description: Auto Sprinkler; Zoned Sprinkler Zoning Information: Use Conforms To Zoning Source Of Expenses: Owner Provided Tenant Pays: Cable TV; Electricity; Interior Electric; Telephone Construction Materials: Concrete Block - With Stucco Cooling: Central Air; Central Individual; ENERGY STAR Qualified Equipment; Heat Pump; Humidity Control; Ridge Vent(s) Listing Terms: 1031 Exchange; Cash; Contract; Conventional; FHA; Lease Purchase; Owner Will Carry; Private Financing Available; VA Loan; Other Lot Features: Corner Lot; Landscaped; Room for Pool; Sidewalks Road Frontage Type: City Street Traffic Type: Light Road Responsibility: Public Maintained Road Road Surface Type: Asphalt; Paved Roof: Flat; Shingle Security Features: Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System; Smoke Detector(s) Sewer: Public Sewer Special Information: Sold As-Is Utilities: Cable Connected; Electricity Available; Sewer Available; Water Available Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; No Sign; Schedule Online; Text Listing Agent Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
2399000
Listing Service
Full Service
Seller Represented YN
Yes

Location and Legal

Country
United States
County Or Parish
Miami-Dade
Street Number
1427
Street Direction Prefix
NW
Street Name
2nd
Street Suffix
Avenue
Municipality Type
Incorporated
Municipal Code
16
State Or Province
FL
Postal Code
33034
Postal Code +4
2280
Area
2780
Geographic Area
DADE
Parcel Number
1678240200550
Subdivision Number
20
Zoning
3000
Flood Zone
X
Directions
Google Map & Navigation friendly.
Building Name
1427
Property Description
3000:MULTI-FAMILY +Vacant Land

Financial Information

Tax Annual Amount
7606.01
Tax Year
2025
Tax Assessed/SOH Value
344525
Tax Legal Description
24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L + Vacant Lots 11, 12 & 13 totaling 18,000 SQ FT.
Assessor Market Value
446826

Status Change Information

Major Change Timestamp
2026-09-17T15:46:11Z
Major Change Type
New Listing
Status Change Date
2026-09-17

More Information

Building and Property Details

# Of Tenants
9
# Of Toilets
11
% Air Conditioned
100
Door Height
8-10'
Improvement Height
1 Story

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
9
Separate Gas Meters YN
No
Separate Water Meters YN
No
Number Of Meters Total
Yes

Income and Expenses

Annual Total Expense
19310
Gross Income
173400
Inc/Exp Statement Period
12 Months
Insurance Expense
7000
Maintenance Expense
1350
Manager Expense
1800
Net Operating Income
154090
Real Estate Taxes
7606.01
Utilities Expense
2160

Unit Details

Common Area Maintenance Amount
1350
Number Of Units Leased
9

Description of Unit Type 1

Unit Type
2 Bedroom
Units Total
2
Full Baths
2
Furnished
No
Annual Rent
46800

Description of Unit Type 2

Unit Type
2 Bedroom
Units Total
Yes
Full Baths
Yes
Furnished
No
Annual Rent
42000

Description of Unit Type 3

Unit Type
1 Bedroom
Units Total
5
Full Baths
Yes
Furnished
No
Annual Rent
72600

Description of Unit Type 4

Unit Type
Efficiency
Units Total
Yes
Full Baths
Yes
Furnished
No
Annual Rent
12000

Originating Details

Originating System Key
20260917133532135481000000
Originating System ID
M00000170
IDX
Listing Office: Real Broker LLC
Source MLS Verified
Last Updated: September - 26 - 2026
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