Multifamily Value-Add Development
For Sale
$2,550,000
1427 Northwest 2nd Avenue, Florida City, FL 33034
Nine-unit multifamily property with development potential in high-growth area.
Property Size30,000 SF
Price / SF$85
Days on Market468
Property Features for 1427 Northwest 2nd Avenue
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Land & Docks / Unimproved Land
Taxes and HOA fees
Annual Taxes
$7,150
Amenities
No
Listing Agency:
Compass
Listed By:
Duriel Taylor · License #3466711
(954) 439-8865
Source:
Compass
Added: May 26, 2025
Changed: Sep 4
Last Checked: Jul 3 at 3:48PM
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
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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 Northwest 2nd Avenue 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.
