$2,399,000
Florida City, FL
MLS# B26077350
5206 sqft
1 / 66
Property Description
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.
Details
Maps
Contract Information
Comp Sale YN: No
Seller Represented YN: Yes
Listing Date: 2026-09-16
Status: Active
Original List Price: 2399000
List Price: $2,399,000
Current Price: $2,399,000
Listing Service: Full Service
Location and Legal
County Or Parish: Miami-Dade
Municipality Type: Incorporated
Municipal Code: 16
Postal Code: 33034
Geographic Area: DADE
Subdivision Number: 20
Flood Zone: X
Building Name: 1427
Property Description: 3000:MULTI-FAMILY +Vacant Land
Country: United States
Street Number: 1427
Street Direction Prefix: NW
Street Name: 2nd
Street Suffix: Avenue
State Or Province: FL
Postal Code +4: 2280
Area: 2780
Parcel Number: 1678240200550
Zoning: 3000
Directions: Google Map & Navigation friendly.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 9
Leasable Area: 5206
Price Per Unit: 266556
Occupant Type: Call Listing Agent
Adjusted Area Main: 5206
Accessibility Features YN: Yes
Lot Size Area: 30000
Stories Total: 1
Stories: 1
Property Sub Type: Multi Family
Building Area Main: 5206
Building Area Source: Public Records
Year Built: 1961
Parking Total: 6000
Lot Size Acres: 0.69
Currently Not Used
Ownership Type: Corporation
Financial Information
Tax Assessed/SOH Value: 344525
Assessor Market Value: 446826
Tax Annual Amount: 7606.01
Tax Year: 2025
Tax Legal Description: 24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L + Vacant Lots 11, 12 & 13 totaling 18,000 SQ FT.
Office/Member Information
DXORIGMLSID: RML
Electric
200+ Amp Service: 1
220 Volts: 1
Separate Meters: 1
Flooring
Tile: 1
Foundation Details
Block: 1
Parking Features
Common: 1
Free: 1
Guest: 1
Shared: 1
Property Condition
Updated/Remodeled: 1
Special Listing Conditions
Standard: 1
Documents Available
Deed: 1
Personal Property Inventory: 1
Photos: 1
Rent Rolls: 1
Title/Abstracts: 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Meters Total: 1
Number Of Separate Electric Meters: 9
Tenant Pays
Cable TV: 1
Electricity: 1
Interior Electric: 1
Telephone: 1
Location of Property
Corner Lot: 1
In Residential Area: 1
Near School: 1
Shopping Center: 1
Subdivision: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Special Information
Sold As-Is: 1
Utilities
Cable Connected: 1
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Zoning Information
Use Conforms To Zoning: 1
Building and Property Details
# Of Tenants: 9
# Of Toilets: 11
% Air Conditioned: 100
Door Height: 8-10'
Improvement Height: 1 Story
Ceiling
Exposed: 1
Insulated: 1
Plastered: 1
Column Span
Unknown: 1
Common Area Maintenance Includes
Exterior Maintenance: 1
Grounds/Plants: 1
Lawn Care: 1
Heating
Central: 1
Central Individual: 1
Electric: 1
Heat Pump: 1
Heat Strip: 1
Separate Meters: 1
Sale Includes
Building: 1
Fixtures: 1
Land: 1
Leases: 1
Special Licenses
None: 1
Sprinkler Description
Auto Sprinkler: 1
Zoned Sprinkler: 1
Construction Materials
Concrete Block - With Stucco: 1
Stucco: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Contract: 1
Conventional: 1
FHA: 1
Lease Purchase: 1
Owner Will Carry: 1
Private Financing Available: 1
VA Loan: 1
Other: 1
Lot Features
Corner Lot: 1
Landscaped: 1
Room for Pool: 1
Sidewalks: 1
Other Equipment
Satellite Dish: 1
Road Frontage Type
City Street: 1
Road Responsibility
Public Maintained Road: 1
Road Surface Type
Asphalt: 1
Paved: 1
Roof
Flat: 1
Shingle: 1
Security Features
Carbon Monoxide Detector(s): 1
Fire Alarm: 1
Fire Sprinkler System: 1
Smoke Detector(s): 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 19310
Gross Income: 173400
Inc/Exp Statement Period: 12 Months
Real Estate Taxes: 7606.01
Utilities Expense: 2160
Insurance Expense: 7000
Maintenance Expense: 1350
Manager Expense: 1800
Net Operating Income: 154090
Source Of Expenses
Owner Provided: 1
Unit Details
Common Area Maintenance Amount: 1350
Number Of Units Leased: 9
Description of Unit Type 1
Unit Type: 2 Bedroom
Units Total: 2
Beds Total: 2
Full Baths: 2
Furnished: No
Annual Rent: 46800
Description of Unit Type 2
Unit Type: 2 Bedroom
Units Total: 1
Beds Total: 2
Full Baths: 1
Furnished: No
Annual Rent: 42000
Cooling
Central Air: 1
Central Individual: 1
Electric: 1
ENERGY STAR Qualified Equipment: 1
Heat Pump: 1
Humidity Control: 1
Ridge Vent(s): 1
Wall/Window Unit(s): 1
Description of Unit Type 3
Unit Type: 1 Bedroom
Units Total: 5
Beds Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 72600
Description of Unit Type 4
Unit Type: Efficiency
Units Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 12000
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
No Sign: 1
Schedule Online: 1
Text Listing Agent: 1
Traffic Type
Light: 1
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-09-17T15:46:11Z
Major Change Type: New Listing
Status Change Date: 2026-09-17
Originating Details
Originating System Key: 20260917133532135481000000
Originating System ID: M00000170
Property Features
Ceiling: Exposed; Insulated; Plastered
Column Span: Unknown
Common Area Maintenance Includes: Exterior Maintenance; Grounds/Plants; Lawn Care
Documents Available: Deed; Personal Property Inventory; Rent Rolls; Title/Abstracts
Electric: 200+ Amp Service; 220 Volts; Separate Meters
Fencing: Fenced
Flooring: Tile
Foundation Details: Block
Heating: Central; Central Individual; Electric; Heat Pump; Heat Strip; Separate Meters
Location of Property: Corner Lot; In Residential Area; Near School; Shopping Center; Subdivision
Parking Features: Common; Free; Guest; Shared
Possession: Close Of Escrow
Property Condition: Updated/Remodeled
Sale Includes: Building; Fixtures; Land; Leases
Special Licenses: None
Special Listing Conditions: Standard
Sprinkler Description: Auto Sprinkler; Zoned Sprinkler
Zoning Information: Use Conforms To Zoning
Source Of Expenses: Owner Provided
Tenant Pays: Cable TV; Electricity; Interior Electric; Telephone
Construction Materials: Concrete Block - With Stucco; Stucco
Cooling: Central Air; Central Individual; ENERGY STAR Qualified Equipment; Heat Pump; Humidity Control; Ridge Vent(s); Wall/Window Unit(s)
Listing Terms: 1031 Exchange; Cash; Contract; Conventional; FHA; Lease Purchase; Owner Will Carry; Private Financing Available; VA Loan; Other
Lot Features: Corner Lot; Landscaped; Room for Pool; Sidewalks
Other Equipment: Satellite Dish
Road Frontage Type: City Street
Traffic Type: Light
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt; Paved
Roof: Flat; Shingle
Security Features: Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System; Smoke Detector(s)
Sewer: Public Sewer
Special Information: Sold As-Is
Utilities: Cable Connected; Electricity Available; Sewer Available; Water Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; No Sign; Schedule Online; Text Listing Agent
Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot
Listing Office: Real Broker LLC
Last Updated: September - 28 - 2026
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