How much is 1427 NW 2nd Avenue?

1427 NW 2nd Avenue is listed at $2,399,000, about $461 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is the cap rate on 1427 NW 2nd Avenue?

The listing reports net operating income of $154,090 a year, a cap rate of about 6.4% at the $2,399,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.

What is 1427 NW 2nd Avenue zoned?

The listing reports zoning of 3000. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 1427 NW 2nd Avenue?

The listing reports 5,206 square feet of building.

When was 1427 NW 2nd Avenue built?

1427 NW 2nd Avenue was built in 1961. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

What are the property taxes on 1427 NW 2nd Avenue?

The listing reports annual property taxes of $7,606 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.

How do I tour 1427 NW 2nd Avenue?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

1427 NW 2nd Avenue, Florida City FL

$2,399,000 · $461 per sq ft · Multifamily for sale

Property type: Multi Family
Asking price: $2,399,000
Price per sq ft: $461
Building size: 5,206 sq ft
Lot size: 30,056 sq ft
Zoning: 3000
Year built: 1961
Units: 9
Stories: 1
Net operating income: $154,090/yr
Cap rate: 6.4%
Tenant pays: Cable TV, Electricity, Telephone, Interior Electric
Buildings: 1
Parking spaces: 6,000
Units leased / vacant: 9 leased · — vacant
Parcel ID: 1678240200550
MLS#: B26077350

Aerial View at 1427 NW 2nd Avenue, Florida City

Parcel Map at 1427 NW 2nd Avenue, Florida City

9 Unit Multifamily at 1427 NW 2nd Avenue, Florida City

Front View at 1427 NW 2nd Avenue, Florida City

Unit Aerial View at 1427 NW 2nd Avenue, Florida City

Rear of Structure at 1427 NW 2nd Avenue, Florida City

Rear at 1427 NW 2nd Avenue, Florida City

About this property

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.

Building Features and Utilities

Cable Connected
Electricity Available
Sewer Available
Water Available
Stucco
Concrete Block - With Stucco

Rent Roll

Unit type	Units	Beds / baths	Size	Rent per unit	Pro forma
2 Bedroom	2	2 / 2	—	$3,900/mo	—
2 Bedroom	1	2 / 1	—	$3,500/mo	—
1 Bedroom	5	1 / 1	—	$6,050/mo	—
Efficiency	1	— / 1	—	$1,000/mo	—

9 units. Reported rent $510,600 a year ($42,550 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Gross income	$173,400/yr
Property taxes	$7,606/yr
Insurance	$7,000/yr
Maintenance and repairs	$1,350/yr
Management	$1,800/yr
Total operating expenses	$19,310/yr
Net operating income	$154,090/yr
Cap rate at asking price	6.4%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 1427 NW 2nd Avenue

Included: Building, Fixtures, Land, Leases

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Real Broker, LLC · flbroker@therealbrokerage.com · Listing agent: Richard M DiPietro

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1427 NW 2nd Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 1427 NW 2nd Avenue

How much is 1427 NW 2nd Avenue?: 1427 NW 2nd Avenue is listed at $2,399,000, about $461 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is the cap rate on 1427 NW 2nd Avenue?: The listing reports net operating income of $154,090 a year, a cap rate of about 6.4% at the $2,399,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 1427 NW 2nd Avenue zoned?: The listing reports zoning of 3000. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 1427 NW 2nd Avenue?: The listing reports 5,206 square feet of building.
When was 1427 NW 2nd Avenue built?: 1427 NW 2nd Avenue was built in 1961. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 1427 NW 2nd Avenue?: The listing reports annual property taxes of $7,606 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 1427 NW 2nd Avenue?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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