Description

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!

Address

Open on Google Maps

Address: 2nd
City: Florida City
State/county: Miami-Dade
Zip/Postal Code: 33034
Area: Florida City

Details

Updated on July 17, 2026 at 9:58 pm

Property ID A11850691
Price $2,250,000
Land Area 0.69 Sq Ft
Type Unimproved Land
Property Status Land

Additional details

AdditionalParcelsDescription 3rd Parcel ID 16-78-24-020-0520, 2nd Parcel ID 16-78-24-020-0530
AdditionalParcelsYN 1
ContractStatusChangeDate 2025-08-02
CumulativeDaysOnMarket 348
CurrentPrice 2250000
CurrentUse Multi-Family, Unimproved
DaysOnMarket 348
DaysOnMarketReplication 348
DaysOnMarketReplicationDate 2026-07-16
DaysOnMarketReplicationIncreasingYN 1
DocumentsCount 0
ElementarySchool Laura C. Saunders
GrossScheduledIncome 7971
HighSchool Homestead
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR Miami REALTORS
ListAgentAOR Miami Association of REALTORS
ListAgentDirectPhone 954-439-8865
ListAgentEmail dtaylorestate@gmail.com
ListAgentFirstName Duriel
ListAgentFullName Duriel Taylor
ListAgentKey 26627522
ListAgentKeyNumeric 26627522
ListAgentLastName Taylor
ListAgentMlsId SEF3466711
ListAgentNationalAssociationId 279640184
ListAgentOfficePhone 954-477-7332
ListAgentPreferredPhone 954-439-8865
ListAgentStateLicense 3466711
ListOfficeAOR Miami Association of REALTORS
ListOfficeEmail mlsfl@compass.com
ListOfficeKey 5903524
ListOfficeKeyNumeric 5903524
ListOfficeMlsId SEFCOMP04
ListOfficeName Compass Florida, LLC
ListOfficePhone 954-477-7332
ListingAgreement Exclusive Agency
ListingContractDate 2025-08-02
ListingKey 1125587619
ListingKeyNumeric 1125587619
ListingTerms Cash, Conventional, Cryptocurrency, Owner Will Carry
LotFeatures Corner Lot
LotSizeDimensions 9000
LotSizeSquareFeet 30000
MLSAreaMajor 2780
MajorChangeTimestamp July 16, 2026 at 12:25pm
MajorChangeType Price Change
MapCoordinateSource Imported
MiddleOrJuniorSchool Homestead
MlsStatus Active
MobileDimUnits Feet
ModificationTimestamp July 17, 2026 at 07:18pm
NumberOfLots 4
OnMarketDate 2025-08-03
OnMarketTimestamp 2025-08-03T00:00:00.000-00:00
OpenHouseModificationTimestamp 2026-07-16T11:33:37.680-00:00
OriginalEntryTimestamp August 3, 2025 at 12:32am
OriginalListPrice 2650000
OriginatingSystemID M00000151
OriginatingSystemKey 315571195
OriginatingSystemListAgentMemberKey 1199953
OriginatingSystemListOfficeKey 1252192
OriginatingSystemModificationTimestamp 2026-07-16T11:33:37.680-00:00
OriginatingSystemName BEACH
OriginatingSystemSubName BEACH_MIAMI
ParcelNumber 1678240200550
Permission IDX
PhotosChangeTimestamp July 17, 2026 at 07:18pm
PhotosCount 5
Possession Close Of Escrow, Negotiable
PostalCity Florida City
PostalCode 33034
PostalCodePlus4 2280
PreviousListPrice 2650000
PriceChangeTimestamp July 16, 2026 at 12:25pm
PropertySubTypeAdditional Unimproved Land
PublicSurveyTownship 16
RoadFrontageType Public Road
SourceSystemID TRESTLE
SourceSystemKey 1125587619
SourceSystemName flexmls
StateOrProvince FL
StatusChangeTimestamp August 2, 2025 at 11:33pm
StreetDirPrefix NW
StreetName 2nd
StreetNumber 1427
StreetNumberNumeric 1427
StreetSuffix Avenue
SubdivisionName CORAL BAY MANOR
TaxAnnualAmount 7150
TaxLegalDescription 24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L
TaxYear 2024
UniversalPropertyId US-12025-N-1678240200550-R-N
Utilities Electricity Available, None, Sewer Available, Sewer Not Available
VideosChangeTimestamp 2026-07-17T19:18:07.817-00:00
VideosCount 0
WaterSource Public
Zoning 3000