Multifamily Value-Add Development
1427 NW 2nd Ave Florida City, FL 33034
For Sale
$2,550,000
Nine-unit multifamily property with development potential in high-growth area.
Lot Size0.69 Acres
Days on Market136
Property Features for 1427 NW 2nd Ave
General Information
- Standard status
- Active
- Lot size
- 0.69 Acres
- Property subtype
- Commercial
Listing Agency:
Compass Florida LLC
(954) 439-8865
Listed By:
Duriel Taylor · License #3466711
(954) 439-8865
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 23 at 11:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida LLC
Investment Insights
Based on property information with market context.
This nine-unit multifamily property generates $7,971 per month with 97% occupancy, offering cash flow. The property includes a $300,000 transferable Affordable Housing Grant and $80,000 in recent capital improvements. A new roof, impact windows, and doors are planned for 2025. An adjacent 24,000 square foot vacant lot is approved for 30 units, suitable for portfolio expansion or ground-up development. The property is zoned for flexibility and positioned for future growth. Seller financing is available.
Key Highlights
- High‑growth area with a 9‑unit multifamily property generating $7,971/month at 97% occupancy, offering strong cash flow.
- Includes a $300K transferable Affordable Housing Grant.
- 24,000 SF adjacent vacant lot approved for 30 units, ideal for development.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Nine-unit multifamily property with development potential in high-growth area.
Where is this apartment building located?
The property is located at 1427 NW 2nd Ave Florida City, FL.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: High‑growth area with a 9‑unit multifamily property generating $7,971/month at 97% occupancy, offering strong cash flow.; Includes a **$300K transferable Affordable Housing Grant**.; **24,000 SF adjacent vacant lot approved for 30 units**, ideal for development.
