About 1427 Nw 2nd Avenue
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.
Features of 1427 Nw 2nd Avenue
| MLS® # | B26077350 |
|---|---|
| Price | $2,399,000 |
| Acres | 0.69 |
| Year Built | 1961 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | New |
Community Information
| Address | 1427 Nw 2nd Avenue |
|---|---|
| Area | 2780 |
| City | Florida City |
| County | Miami-Dade |
| State | FL |
Amenities
| Utilities | Cable Connected, Electricity Available, Sewer Available, Water Available |
|---|---|
| Parking | Common, Guest, Free, Shared |
Interior
| Heating | Central, Electric, Heat Pump, Separate Meters, Central Individual, Heat Strip |
|---|---|
| Cooling | Central Air, Electric, ENERGY STAR Qualified Equipment, Humidity Control, Heat Pump, Central Individual, Ridge Vent(s) |
| # of Stories | 1 |
Exterior
| Lot Description | Corner Lot, Room for Pool, Sidewalks, Landscaped |
|---|---|
| Roof | Flat, Shingle |
| Construction | Concrete Block - With Stucco |
Additional Information
| Zoning | 3000 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Real Broker LLC |
|---|---|
| Phone | 347-693-2995 |