Multi Family · Commercial Sale
1427 NW 2nd Avenue, Florida City FL 33034
Florida City, FL, 33034
$2,399,000
Presented by Parvani Commercial Group, Inc.
About This Property
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.
Property Details
- Property Type
- Multi Family
- Status
- Active
- MLS #
- B26077350
- Building Area
- 5,206 SF
- Leasable Area
- 5,206 SF
- Lot Size
- 30,000 SF
- Year Built
- 1961
- Zoning
- 3000
- Units
- 9
- Net Operating Income
- $154,090
- Days on Market
- 2
- Price
- $2,399,000