$3,000,000
Active
13d
$3,000,000
255 Lucy
Florida City, FL 33034
0 sqft
Coral Bay Manor
$2,550,000293 days on marketActive
1427 NW 2nd Avenue, Florida City, FL 33034
Florida City, FL 33034
0
Sq Ft
0.69 acres
Lot Size
Listing Snapshot
| List Price | $2,550,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.69 acres |
| Property Tax | $7,150/yr |
| MLS # | 1125587619 |
| Status | Active |
| Days on Market | 293 |
About This Home
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!
General Features
- Property Type
- Land
- Sub-type
- UnimprovedLand
- Zoning
- 3000
- Utilities
- ElectricityAvailable,None,SewerAvailable,SewerNotAvailable
- Subdivision
- CORAL BAY MANOR
Interior Features
Exterior Features
- Lot Features
- CornerLot
- Waterfront
- No
Community Features
- MLS Area
- 2780
Map
Virtual Tour
View Virtual TourListed by Duriel Taylor · Compass Florida, LLC
MLS# 1125587619 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1125587619 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $2,040,000
%
Est. Monthly$14,512
Principal & Interest$13,916
Property Tax$596
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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