$2,399,000

1427 NW 2nd Avenue, Florida City FL

Price per sqft$460.81

Built in1961

Property size5,206 sqft

Property typeCommercial

Courtesy of Richard M DiPietro with Real Broker, LLC

Overview

Active

Listed Sep 17, 2026

Updated 53 min ago

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.

Other Property Details

Taxes: $7,606
Tax Frequency: Annually
Maintenance Expense: $1,350

Courtesy of Real Broker, LLC, Richard M DiPietro,
Listing Contact: 347-693-2995

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 11/2/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 10:33 PM UTC, 11/2/2026