$1,999,999
Florida City, FL 33034
MLS# A11850691
1 / 5
Property Description
Incredible value-add and development opportunity in a high-growth area! This 9-unit multifamily generates $7,971/month at 97% occupancy, offering strong cash flow. Includes a $300K transferable Affordable Housing Grant and $80K in recent capital improvements, Brand new roof (2025), impact windows (2025), and doors (2025). Additional: 24,000 SF adjacent vacant lot approved for 30 units, ideal for portfolio expansion or ground-up development. Zoned for flexibility and positioned for future growth. Rare opportunity for investors seeking stable income, upside potential, or both. Remarks are not guaranteed and should not be relied upon as representations or warranties, express or implied. Seller Financing Available!
Details
Maps
Contract Information
Comp Sale YN: No
LP/Acre: 2898549.28
LP/Frontage: 22222.21
Listing Date: 2025-08-02
Status: Active
Original List Price: 2650000
List Price: $1,999,999
Current Price: $1,999,999
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Florida City
Municipal Code: 16
Postal Zip: 33034
Subdivision Number: 20
Flood Zone: X
Country: United States
Street Number: 1427
Street Direction Prefix: NW
Street Name: 2nd
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33034
Postal Code +4: 2280
Subdivision Name: CORAL BAY MANOR
Area: 2780
Elementary School: Laura C. Saunders
Middle Or Junior School: Homestead
High School: Homestead
Parcel Number: 1678240200550
Zoning: 3000
General Property Information
Number Of Lots: 4
Lot Size Dimensions: 9000
Lot Depth: 80
Lot Frontage: 90
LP/SqFt: 66.67
Property Sub Type: Unimproved Land
Lot Size Acres: 0.69
Lot Size Square Feet: 30000
Additional Parcels YN: 1
Additional Parcels Description: 3rd Parcel ID 16-78-24-020-0520, 2nd Parcel ID 16-78-24-020-0530
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Year: 2024
Tax Annual Amount: 7150
Tax Legal Description: 24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L
Office/Member Information
DXORIGMLSID: SEF
Comprehensive Plan Use
None: 1
Current Use
Multi-Family: 1
Unimproved: 1
Environmental Audit
None: 1
Location of Property
Corner Lot: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Special Information
County Jurisdiction: 1
Institution Owned: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Sewer Not Available: 1
None: 1
Listing Terms
Cash: 1
Conventional: 1
Cryptocurrency: 1
Owner Will Carry: 1
Road Frontage Type
Public Road: 1
Water Source
Public: 1
Income and Expenses
Inc/Exp Statement Period: Monthly
Gross Scheduled Income: 7971
Showing Requirements
Call Listing Agent: 1
Call Tenant: 1
Price Calculations
Current Price To SqFt: 66.54
Section Details
Parcel Number MLX: 0550
Status Change Information
Major Change Timestamp: 2026-07-26T15:23:50Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-26T15:23:50Z
Status Change Date: 2025-08-02
Originating Details
Originating System Key: 418694765
Originating System ID: M00000151
Property Features
Comprehensive Plan Use: None
Current Use: Multi-Family; Unimproved
Environmental Audit: None
Location of Property: Corner Lot
Possession: Close Of Escrow; Negotiable
Special Information: County Jurisdiction; Institution Owned
Utilities: Electricity Available; Sewer Available; Sewer Not Available; None
Listing Terms: Cash; Conventional; Cryptocurrency; Owner Will Carry
Road Frontage Type: Public Road
Water Source: Public
Showing Requirements: Call Listing Agent; Call Tenant
Listing Office: Compass Florida, LLC
Last Updated: July - 26 - 2026
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