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$ 3,000,000
Est. payment /mo
New
Address not disclosed Florida City, FL 33034
1.8 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Coral Bay Manor
MLS Listing ID A12019296
HOA Y/N No
Annual Tax Amount $35,000
Tax Year 2026
Lot Size 1.800 Acres
Acres 1.8
Lot Dimensions 360x220
Property Sub-Type Multi Family
Property Description
38-Unit Build-Ready Multifamily Development Opportunity in Florida City, FL. Rare investment opportunity featuring approved plans for a 38-unit rental community in one of South Florida's fastest-growing markets. Strategically located in a high-demand rental area with strong population growth, expanding job market, and excellent access to major highways and the Florida Keys.This shovel-ready development site offers investors and developers the opportunity to capitalize on long-term cash flow and appreciation potential. Projected stabilized financials show approximately $1.4M in gross rental income with projected NOI exceeding $900K annually.Property highlights include approved multifamily zoning, efficient site layout, modern community design, ample parking, and strong rental absorption potential. Ideal for multifamily investors, builders, and developers seeking a high-growth South Florida asset.
Location
State FL
County Miami-dade
Community Coral Bay Manor
Area 78
Exterior
Utilities Available None, Sewer Not Available
Private Pool Yes
Building
Sewer None
Water Public
Others
Tax ID 16-78-24-020-0010
Acceptable Financing Cash, Owner May Carry, Other
Listing Terms Cash, Owner May Carry, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12019296
Listed by DG Pinnacle Realty