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Property profile & analytics
OFF-MARKET
Apartment buildings

1430 2Nd Ave Florida City, FL 33034

Built 1956
Property ID
US18-0235285
Property summary
AI-generated overview

Coral Bay Manor, a fully renovated fourplex located at 1430 NW 2nd Ave, Florida City, FL 33034, presents a compelling investment opportunity. This two-story, 1956-built apartment building boasts four units, each featuring two bedrooms, one full bathroom, and a half-bathroom. Recent renovations include brand new flooring, kitchens, and bathrooms throughout the entire building. Impact windows and doors provide robust storm protection. The property includes a fenced area with four individual parking spaces, with additional street parking available. Three of the four units are currently rented at $2,200 per month each, generating a substantial gross monthly rent of $6,600. One unit is vacant, offering immediate potential for increased income. The property's excellent location offers easy access to downtown Homestead, Krome Avenue, US-1, the Florida Turnpike, parks, highly-rated schools, and numerous shopping centers and restaurants. Its strategic position serves as a gateway between Miami and the Florida Keys, ensuring strong tenant demand. The asking price for this turnkey investment property is $1,149,000.

Property profile
Verified
Property type Apartment buildings
Year built 1956
UPID US18-0235285
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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