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Gelfand Realty Miami Properties for Sale - Other Land for Sale

1427 NW 2ND AVE, FLORIDA CITY, FL 33034

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Other Land - CORAL BAY MANOR for Sale

1427 NW 2ND AVE, FLORIDA CITY, FL 33034

Asking Price$2,550,000 Change Price$100,000

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  • Days on market:

    53 day(s)

  • Original Price:

    $2,650,000

  • Tax Legal Description:

    24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L

  • Tax Year:

    2024

  • Property Type:

    Land

  • Waterfrontage (sqft):

    90

  • Lot Features:

    Corner Lot Less Than 1 Acre

Description

$2,550,000

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!

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