Residential Land for Sale in Florida City, Florida
1427 NW 2nd Ave, Florida City, FL 33034
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!
Location
- Street address
- 1427 NW 2nd Ave
- County
- Miami-Dade County
- Community
- Coral Bay Manor
- Elevation
- 5 feet
Property details
- Lot size
- 0.69 acres30,056 sq ft
- MLS #
- MAOR A11850691
- Posted
Property taxes
- 2024
- $7,150
Parcels
- 16-78-24-020-0550
Legal description
24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L
Resources
Details and features
Listing
- Type
- Land
Exterior
- Features
- Security High Impact Doors
Structure
- Water
- Public
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 25, 2025 | Price drop | $2,550,000 | $100,000 -3.8% | MAOR |
| Aug 3, 2025 | New listing | $2,650,000 | — | MAOR |