1427 NW 2nd AVE, Florida City, FL
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Karina Scagliotti

Karina Scagliotti

+1(561) 945-5211
$ 2,399,000
Est. payment /mo
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1427 NW 2nd AVE Florida City, FL

5,206 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,206 sqft

Price per Sqft $460

MLS Listing ID B26077350

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1961

Annual Tax Amount $7,606

Tax Year 2025

Lot Size 0.690 Acres

Acres 0.69

Property Sub-Type Multi Family

Property Description

4 lot portfolio. 9 unit building 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. SB 102 zoning research shows 30 additional residential units on this vacant land, 3 stories, parking of 1.25 to 1.5 spaces per unit, and 45% lot coverage. 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.

Location

State FL

County Miami-dade

Community Near Schools, Shopping, Sidewalks

Area 2780

Zoning 3000

Interior

Interior Features InteriorFeatures

Heating Central, Electric, Heat Pump, Heat Strip, Individual, Separate Meters

Cooling Central Air, Electric, ENERGY STAR Qualified Equipment, Humidity Control, Heat Pump

Flooring Tile

Fireplace No

Exterior

Exterior Feature Room For Pool

Parking Features Common, Free Parking, Guest

Fence Fenced

Community Features Near Schools, Shopping, Sidewalks

Utilities Available Cable Connected, Electricity Available, Sewer Available, Water Available

Water Access Desc Public

Roof Type Flat,Shingle,Ridge Vents

Street Surface Asphalt,Paved

Accessibility Accessibility Features

Road Frontage City Street

Total Parking Spaces 6000

Building

Lot Description Corner Lot, Landscaped, Residential Lot, Sprinklers Automatic, Sprinkler System

Story 1

Entry Level One

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Concrete,Stucco

New Construction No

Construction Status Updated/Remodeled

Others

Tax ID 1678240200550

Security Features Carbon Monoxide Detector(s),Fire Alarm,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional, Contract, 1031 Exchange, FHA, Lease Purchase, Owner Will Carry, Other, Private Financing Available, VA Loan

Listing Terms Cash, Conventional, Contract, 1031 Exchange, FHA, Lease Purchase, Owner Will Carry, Other, Private Financing Available, VA Loan

Special Listing Condition Standard, Listed As-Is

BeachesMLS, Inc. (FLR) IDX
Listed by Richard M DiPietro Real Broker LLC
Karina Scagliotti

Karina Scagliotti

Agent

+1(561) 945-5211

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1427 NW 2nd AVE