1427 NW 2nd Ave Florida City, FL 33034
Estimated payment $14,924/month
Highlights
- Horses Allowed On Property
- Corner Lot
- No HOA
- 0.69 Acre Lot
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $7,150
Lot Details
- 0.69 Acre Lot
- Lot Dimensions are 90x80
- Corner Lot
- Additional Parcels
- Property is zoned 3000
Horse Facilities and Amenities
- Washer Dryer Hookup For Equestrian Use
- Horses Allowed On Property
Utilities
- Sewer Connected
Community Details
- No Home Owners Association
- Coral Bay Manor Condos
- Coral Bay Manor Subdivision
Listing and Financial Details
- Assessor Parcel Number 16-78-24-020-0550
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,150 | $313,205 | -- | -- |
| 2024 | $6,452 | $284,732 | -- | -- |
| 2023 | $6,452 | $258,848 | $0 | $0 |
| 2022 | $5,872 | $235,317 | $0 | $0 |
| 2021 | $4,914 | $213,925 | $42,000 | $171,925 |
| 2020 | $4,927 | $214,000 | $42,000 | $172,000 |
| 2019 | $4,742 | $206,516 | $42,000 | $164,516 |
| 2018 | $4,642 | $206,591 | $42,000 | $164,591 |
| 2017 | $4,261 | $187,166 | $0 | $0 |
| 2016 | $3,951 | $170,682 | $0 | $0 |
| 2015 | $3,660 | $155,639 | $0 | $0 |
| 2014 | $3,664 | $150,675 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2025 08/02/25 | For Sale | $2,650,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $300,000 | Attorney | |
| Warranty Deed | $375,000 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | Seller Take Back |
Source: MIAMI REALTORS® MLS
MLS Number: A11850691
APN: 16-7824-020-0550
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 528 NE 1st Dr
- 504 NE 1st Dr
- 322 NE 1st Dr
- 326 NE 1st Dr
- 245 NE 3rd Ct
- 305 NE 1st Dr Unit 305
- 1461 NW 2nd Ct
- 31 S Flagler Ave
- 43 S Flagler Ave
- 435 NW 15th St
- 339 NE 12th St Unit 339
- 414 NE 12th St
- 531 NW 15th St
- 705 SW 3rd Ave
- 539 NW 13th St
- 389 NW 10th St
- 511 NW 10th St
- 528 NW 10th St
- 521 NW 10th St
- 564 NW 12th St
- 501 NE 1st Dr
- 302 NE 1st Dr
- 322 NE 1st Dr Unit 1
- 1414 NW 2nd Ave Unit 3
- 1414 NW 2nd Ave Unit 1
- 1406 NW 2nd Ave Unit 4
- 1406 NW 2nd Ave Unit 3
- 1406 NW 2nd Ave Unit 2
- 1478 NW 2nd Ave Unit 2
- 424 NW 13th St
- 433 NE 12th St
- 339 NE 12th St Unit 339
- 458 NE 12th St Unit LOT 7 BLK 28
- 409 NE 12th St
- 414 NE 12th St
- 1514 NW 5th Ave Unit 1-2
- 601 S Flagler Ave Unit 4
- 601 S Flagler Ave Unit 10
- 254 NW 11th Ct
- 825 NW 5th Terrace