Multi Family

1427 NW 2nd Avenue

Florida City, FL 33034

$2,399,000

Year built: 1961

Listing courtesy of Richard M DiPietro, Real Broker LLC

About this home

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

Property

Type: Multi Family
Year built: 1961
Stories: 1
Lot size: 30,000 sq ft
County: Miami-Dade County

Interior

Flooring: Tile
Cooling: Central Individual A/C, Central Air, Electric, Humidity Control, Ridge Vent/Turbines, Wall/Window Unit(s)
Heating: Central Individual A/C, Central, Electric, Heat Strip, Heat Pump/Reverse Cycle
Features: Fire Sprinklers

Exterior and parking

Exterior: Room For Pool
Parking: Common, Free Parking, Guest, Shared Parking
Construction: Stucco, Insulated, Plaster
Roof: Comp Shingle Roof, Flat Tile, Flat Roof With Facade Front, Shingle

Community and fees

Maintenance includes: Maintenance Incl Bldg Exterior, Landscaping/Lawn Maintenance
Security: Smoke Alarm, Smoke Detector(s), Fire Sprinkler System, Fire Sprinklers, Fire Alarm, Smoke Detector
Annual taxes: $7,606
Terms: All Cash, Conventional, Exchange, FHA, FHA 203K, Lease Purchase, Owner Will Carry, Owner Hold 2nd Mortgage, VA Loan

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated October 2, 2026.