Overview

Property ID: MSB26077350

Multi Family, Commercial Sale
Property Type

5206 Sqft
Area Size

1961
Year Built

Description

4 lot portfolio. 9 unit building 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. SB 102 zoning research shows 30 additional residential units on this vacant land, 3 stories, parking of 1.25 to 1.5 spaces per unit, and 45% lot coverage. 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.

Address

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Address: 1427 NW 2nd Avenue
City: Florida City
State/county: FL
Zip/Postal Code: 33034
Country: US

Details

Updated on September 17, 2026 at 5:11 pm

Property ID MSB26077350
Price $2,399,000
Property Size 5206 Sqft
Land Area 0.69 Acres
Garage Size x x
Year Built 1961
Property Type Multi Family, Commercial Sale
Property Status Active
MLS# B26077350

Additional details

Listing Terms Cash, Conventional, 1031 Exchange, FHA 203(k), FHA, Lease Purchase, Owner May Carry, Owner May CarrySecond, VA Loan
Roof Composition, Flat, Shingle, Tile, Ridge Vents
Utilities Cable Available, Electricity Available, Water Available, Sewer Available
Sewer Not Connected (at lot), Public Sewer, Other
Cooling Electric, Humidity Control, Roof Turbine(s), Central Air
Heating Central, Electric, Heat Pump, Heat Strip
Flooring Tile
County Miami-Dade
Property Type Commercial Sale
Parking Common, Free Parking, Guest