1430 2Nd AveFlorida City, FL 33034

Property Details for 1430 2Nd Ave

Year built

1956

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

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.

Location Insight

City

Florida City

County

Miami-Dade

State

Florida

Latitude

25.4606

Longitude

-80.4804

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