For Sale
$1,149,000

1430 2Nd AveFlorida City, FL 33034

Renovated Fourplex, High Rental Income

Overview

Added:
Dec 11, 2024
Days on market:
116
Coral Bay Manor, a fully renovated fourplex located at 1430 NW 2nd Ave, Florida City, FL 33034, presents a compelling investment opportunity. This two-story, 1956-built apartment building boasts four units, each featuring two bedrooms, one full bathroom, and a half-bathroom. Recent renovations include brand new flooring, kitchens, and bathrooms throughout the entire building. Impact windows and doors provide robust storm protection. The property includes a fenced area with four individual parking spaces, with additional street parking available. Three of the four units are currently rented at $2,200 per month each, generating a substantial gross monthly rent of $6,600. One unit is vacant, offering immediate potential for increased income. The property's excellent location offers easy access to downtown Homestead, Krome Avenue, US-1, the Florida Turnpike, parks, highly-rated schools, and numerous shopping centers and restaurants. Its strategic position serves as a gateway between Miami and the Florida Keys, ensuring strong tenant demand. The asking price for this turnkey investment property is $1,149,000.

Highlights

  • Fully renovated fourplex in Florida City, FL.
  • Four 2 bed/1.5 bath units.
  • New flooring, kitchens, and bathrooms.
  • Impact windows and doors.
  • Fenced area with four parking spaces plus street parking.
  • $6,600 monthly gross rent (three units occupied, one vacant).

Property Details for 1430 2Nd Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1956
Stories
2

Location Insight

City
Florida City
County
Miami-Dade
State
Florida
Latitude
25.4606275
Longitude
-80.4804457
1430 2Nd Ave, Florida City, Florida

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1430 2Nd Ave
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