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.

This listing is courtesy of Duriel Taylor at Canvas Real Estate em:dtaylorestate@gmail.com ph:954-439-8865.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 1678240200550 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 16-8240-020-0550 (1678240200550)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 1427 NW 2 Ave
City: Florida City
State: Florida
Zip Code: 33034-2212 (Listings)
County: Miami-Dade (Listings)
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Building Size - English*
Living Square Feet: 5,206
Actual Square Feet: 5,206
Adjusted Square Feet: 5,206
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Lot Size - English*
Lot Size (sf): 12,000
Lot Size (acres): 0.28
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Building Size - Metric*
Living Square Meters: 483.65
Actual Square Meters: 483.65
Adjusted Sq M: 483.65
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Lot Size - Metric*
Lot Size (sq m): 1,115
Lot Size (ha): 0.11
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Zoning & Land Use*
Land Use: 1713 - Office Building - One Story : Office Building
Zoning: 3000 - Multi-family - General
Municipal Zoning: RM-15 (Florida City)
All Listed | All Properties
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Prior Sale*
Type: Not exposed to open-market; atypical motivation
Qual: U
Date: 02/12/2016
Amount: $300,000
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Prior Sale #2* (Second to Last)
Type: Qual on DOS, multi-parcel sale
Qual: Q
Date: 01/10/2012
Amount: $375,000
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Prior Sale #3* (3rd to Last)
Type: Qual on DOS, multi-parcel sale
Qual: Q
Date: 10/01/1990
Amount: $100,000
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Taxable Values*
Tax Year: 2024
Land: $240,000
Building: $206,976
Total: $446,976
Assessed: $284,732
County Taxable: $284,732
City Taxable: $284,732
Mill Code: 1600
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Ownership*
Owner 1: Jagrepa Group Llc
Mailing Address: 10870 Sw 95 St
Mailing City: Miami
Mailing State: Fl
Mailing Zip: 33176
Mailing Country: USA
  -
Building Information*
Stories: 1
Year Built: 1961
Effective Year Built: 1961
Extra Features 1: Cent A/c - Comm (aprox 300 Sqft/ton)
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Legal Description*
Legal Description Concatenated: 24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.