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1427 NW 2nd Avenue Florida City, FL $ 2,399,000
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1427 NW 2nd Avenue
$ 2,399,000
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1427 NW 2nd Avenue

Florida City, FL
$ 2,399,000
Bedrooms-- Baths-- Sq 5,206

Monthly Estimate*

$ 15,148

1427 NW 2nd Avenue, Florida City, FL - Image 1

Commercial Property for sale in Florida City, FL

for $2,399,000. This 5,206 square foot building was built in 1961 on a lot size of 0.69.

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.

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Commercial Active

Price

$ 2,399,000

Property Type

Commercial

Taxes

$ 7,606

Style

Lot Size

0.69

Year Built

1961

Town/City

Florida City

County/Region

Miami-Dade

MLS | Web ID

B26077350
Features
General
Sewer Public Sewer
Heating Central Electric Heat Pump Heat Strip Individual Separate Meters
Cooling Central Air Electric ENERGY STAR Qualified Equipment Humidity Control Heat Pump
Utilities Cable Connected Electricity Available Sewer Available Water Available
Possession Close Of Escrow
Roof Flat Shingle Ridge Vents
Security Features Carbon Monoxide Detector(s) Fire Alarm Fire Sprinkler System Smoke Detector(s)
Construction Materials Concrete Stucco
Year Built 1961
Electric 200+ Amp Service Separate Meters 220 Volts
Tenant Pays Cable TV Electricity Telephone
Stories Count 1
Levels One
Property Subtype Multi Family
Tax Year 2025
Gross Income 173400
Community Features Near Schools Shopping Sidewalks
Building Name 1427
Accessibility Accessibility Features
County Miami-Dade
Net Operating Income 154090
Insurance Expense 7000
New Construction false
Property Type Commercial Sale
Status Active
Directions Google Map & Navigation friendly.
City Florida City
Number Of Units Total 9
MLS Area 2780
Tax Annual Amount 7606.01
Property Condition Updated/Remodeled
MLS Area Minor DADE
Standard Status Active
Occupancy Type Call Agent
Ownership Type Corporation
Property Sub Type Additional Multi Family
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.
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Interior
Flooring Tile
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Exterior Amenities Room For Pool
Fencing Fenced
Parking Features Common Free Parking Guest
Lot Features Corner Lot Landscaped Residential Lot Sprinklers Automatic Subdivision Sprinkler System
Water Source Public
Total Parking 6000
Lot Size Area 30000
Foundation Details Block
Number of Buildings 1
Building Area Total 5206
Lot Size Acres 0.69
Road Surface Type Asphalt Paved
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Richard M DiPietro

Listing Agent

Affordability Calculator

$15,781
Per Month
96%
4%
0%
Monthly Principal & Interest
$15,148
Monthly Property Taxes
$634
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/17/2026$2,399,000 Listed Price

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1427 NW 2nd Avenue, Florida City, FL, is a Commercial Property for sale at $2,399,000 with 5,206 sqft and a lot size of 0.69. 1427 NW 2nd Avenue was built in 1961. The property's zip code is which is in Florida City, FL

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