1427 NW 2nd Avenue, Florida City, FL 33034

About This Home

4 lot portfolio. 9 unit building with parking 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. RM-20 research allows 11 additional residential units on this vacant land, 4 stories, parking of 1.25 to 1.5 spaces per unit, and 45% lot coverage. Potential rezoning due to nearby transit stop can add additional units. 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.

Property Details

Interior Features

Fire Sprinklers

Flooring

Tile

Heating

Central Individual A/C, Central, Electric, Heat Strip, Heat Pump/Reverse Cycle

Cooling

Central Individual A/C, Central Air, Electric, Humidity Control, Ridge Vent/Turbines, Wall/Window Unit(s)

Parking Features

Common, Free Parking, Guest, Shared Parking

Property Condition

Substantially Remodeled, Updated/Remodeled, Completely Renovated

Building & Association

Stories

1

Stories Total

1

Association

No

Security Features

Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Fire Sprinklers, Fire Alarm, Smoke Detector

Lot & Construction

Lot Features

Corner Location, Corner Lot, Near School, Shopping Center, 1/2 To Less Than 3/4 Acre Lot, Less Than 1 Acre, In Residential Area, Fenced, Sidewalk

Lot Size Square Feet

30,000

Waterfront

No

View

No

Construction Materials

Stucco, Insulated, Plaster

Roof

Comp Shingle Roof, Flat Tile, Flat Roof With Facade Front, Shingle

Exterior Features

Room For Pool

New Construction

No

Public Records

Parcel Number

16-78-24-020-0550

Tax Annual Amount

$7,606

Tax Year

2,025

Zoning

3000

County Or Parish

Miami-Dade County

Location