1478 NW 2nd Ave Florida City, FL 33034
MULTI_FAMILY - Other - Florida City, FL
Property Features for 1478 NW 2nd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 3
- Parking
- 4
- Standard status
- Active
- APN
- 16-78-24-020-0210
- Size
- 2,280 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 24 57 38 CORAL BAY MANOR PB 57-40 LOT 1 BLK 2 LOT SIZE 60.000 X 100 COC 24684-3087 06 2006 1
- Tax Annual Amount
- 7080
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Saud Rai License #3403236 (305) 376-7202
Listing office The Keyes Company 809 N Flagler Ave, Miami, FL (305) 247-7221
Listing date Jul 13, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Florida City, the address is 1478 NW 2nd Ave in Miami-Dade County. The property is described as being near US-1 and the Florida Turnpike, with access to nearby restaurants, shopping centers, Homestead Outlet Mall, and Downtown Homestead.
With four residential units in place, this property may appeal to buyers looking for a straightforward small multifamily asset. The combination of individual utility metering and a recently installed roof are practical features for operators and owners. A 3D virtual tour and floor plan are also available for review.
Key Highlights
- Fourplex with four 1‑bedroom, 1‑bathroom units
- Separate water and electric meters for each unit
- New roof installed for long‑term durability
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.5k | $25.20 |
| − Vacancy | −$3.2k | −$1.39 |
| EGI | $54.3k | $23.81 |
| − OpEx | −$16.3k | −$7.14 |
| NOI | $38.0k | $16.67 |
