1427 NW 2nd Ave
florida city, FL$2,399,000
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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
5,206 Sq Ft
0.69 Private Acres Lot Size
commercial
$634 Monthly Tax
Built in 1961
MLS/Listing ID B26077350
1427
1 Stories
9 Units
Amenities & Features
Accessibility Features
Community - Near Schools
Community - Shopping
Community - Sidewalks
Construction - Concrete
Public Water
Lot - Subdivision
Cooling - Wall/window unit(s)
Construction - Stucco
Cooling - Central Air
Cooling - Electric
Cooling - ENERGY STAR-qualified Equipment
Cooling - Humidity Control
Cooling - Heat Pump
Room for Pool
Fenced
Tile
Block
Heating - Electric
Heating - Heat Pump
Heating - Heat Strip
Heating - Individual
Lot - Corner Lot
Lot - Landscaped
Lot - Automatic Sprinklers
Lot - Sprinkler System
Parking - Common
Parking - Free Parking
Parking - Guest
Flat
Shingle
Public Sewer
Estimate my mortgage
TOTAL MONTHLY COST
$0
- PRINCIPAL & INTEREST
$0
- PROPERTY TAXES
$0
- Common Charges
$0
HOME PRICE
DOWN PAYMENT
TERM
INTEREST
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