1427 NW 2nd Ave, Florida City, FL 33034

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Property - Coral Bay Manor

$2,550,000 $100,000Built: N/A

N/A N/A N/A

Type of PropertyProperty

Style of PropertyN/A

Property Area

Living Area

Price per Ft²N/A

PetsN/A

WaterfrontN/A

PoolN/A

FurnitureN/A

Property description of Property - Coral Bay Manor

Incredible value-add and development opportunity in a high-growth area! This 9-unit multifamily generates $7,971/month at 97% occupancy, offering strong cash flow. Includes a $300k transferable affordable housing grant and $80k in recent capital improvements, brand new roof (2025), impact windows (2025), and doors (2025). Additional: 24,000 sf adjacent vacant lot approved for 30 units, ideal for portfolio expansion or ground-up development. Zoned for flexibility and positioned for future growth. Rare opportunity for investors seeking stable income, upside potential, or both. Remarks are not guaranteed and should not be relied upon as representations or warranties, express or implied. Seller financing available!

Exterior Features

No information about Exterior Features.

Interior Features

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Amenities

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Equipment/Appliances

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Property Features

NameCoral Bay Manor

MLSA11850691

ForeclosureN/A

Short SaleN/A

Parking

Parking Restrictions

Parking Spaces

Approx. Ft²

Approx. Lot Size90x80

Boat DockUnimproved Multi Family (5+Units)

Last Update40 days

Pet Restrictions

Floor Number

Cooling Description

Heating Description

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Construction

Flooring Type

Maintenance Fees

Taxes$7,150

Property contact form

Gladys Martinez PA305-321-7889gmrealtor7@gmail.com

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MLS Data Source: Miami Association of REALTORS. Copyright SEFMLS © 2025
Listing is a courtesy of Canvas Real Estate. Office (info@canvasre.com, 954-880-2550). Agent (dtaylorestate@gmail.com, 954-439-8865).
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

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Name	Address	Type	# of Students	Grades	Distance
Career Prep Academy Of South Florida South	1380 N KROME AVE STE 102	private	19	9 - 12	0.12 mi
Laura C. Saunders Elementary School	505 SW 8TH ST	public	477	PK - 5	0.31 mi
Lincoln-marti Schools International Campus	103 E LUCY ST	public	256	KG - 8	0.42 mi
Charter High School Of The Americas (florida City Campus)	103 LUCY ST	public	31	9 - 12	0.42 mi
Somerset Academy Charter High School (south Homestead)	305 NE 2ND RD	public	540	9 - 12	0.55 mi
Somerset Academy Charter Elementary School (south Homestead)	300 SE 1ST DR	public	579	KG - 5	0.55 mi
Florida City Elementary School	364 NW 6TH AVE	public	608	PK - 5	0.72 mi
Acceleration Academies Llc Homestead	107 N KROME AVE	public	149	8 - 12	0.73 mi
Miami Bridge South	326 NW 3RD AVE	public	-999	N/A	0.87 mi
Bethel Sda Elementary School	32920 SW 187TH AVE	private	66	PK - 10	0.88 mi
Thinking Child Christian Academy	155 NW 4TH ST	private	131	PK - 8	0.9 mi
Ace Academy South	303 W PALM DR	private	170	PK - 12	0.92 mi
Colegiate Virtual Academy	305 NE 2ND RD	public	178	6 - 12	0.95 mi
Somerset Academy Charter Middle School (south Homestead)	305 NE 2ND RD	public	470	6 - 8	0.95 mi
Neva King Cooper Educational Center	151 NW 5TH ST	public	69	PK - 12	0.96 mi
West Homestead K-8 Center	1550 SW 6TH ST	public	851	PK - 8	0.97 mi
Ebenezer Christian School Inc.	530 SW 1ST ST STE 305	private	43	PK - 11	0.98 mi
Ebenezer Christian School	530 SW 1ST ST STE 305	private	51	PK - 11	0.98 mi
School For Advanced Studies Homestead	500 COLLEGE TER	public	135	11 - 12	1 mi
First United Methodist Christian School	622A N KROME AVE	private	209	PK - 8	1.05 mi
Advanced Achievers Academy	713 W PALM DR	private	365	PK - 12	1.05 mi
Homestead Middle School	650 NW 2ND AVE	public	666	6 - 8	1.07 mi
Shepherd Of God Christain Academy Corp	824 W PALM DR	private	78	PK - 12	1.08 mi
Avant School Of Excellence	777-B W PALM DR	private	280	PK - 12	1.09 mi
Tiny Kingdom Learning Center	700 NW 10TH AVE	private	12	PK	1.23 mi
Just Kids Preschool And Academy Llc	906 N KROME AVE	private	9	PK	1.25 mi
Miami Community Charter High School	18720 SW 352ND ST	public	265	9 - 12	1.26 mi
Chambers High School	698 N HOMESTEAD BLVD	public	480	6 - 12	1.26 mi
Miami Community Charter Middle School	18720 SW 352ND ST	public	322	6 - 8	1.26 mi
Miami Community Charter School	101 S REDLAND RD	public	535	KG - 5	1.27 mi
Principitos Learning Child Care Center	1541 SE 12TH AVE STE 16	private	31	PK - 3	1.29 mi
My 1st College Lc	447 NE 8TH ST	private	22	PK - 2	1.32 mi
St John's Episcopal School	145 NE 10TH ST	private	152	PK - 8	1.39 mi
Medical Academy For Science And Technology (m.a.s.t.) @ Home	1220 NW 1ST AVE	public	701	9 - 12	1.48 mi
Homestead Senior High School	2351 SE 12TH AVE	public	2020	9 - 12	1.51 mi
Somerset Oaks Academy	1000 OLD DIXIE HWY	public	624	KG - 8	1.58 mi
Hope Academy	1100 OLD DIXIE HWY	private	451	1 - 12	1.66 mi
Redondo Elementary School	18480 SW 304TH ST	public	500	PK - 3	1.72 mi
Somerset Arts Academy	1700 N KROME AVE	public	411	KG - 5	1.75 mi
Gateway Environmental K-8 Learning Center	955 SE 18TH AVE	public	1355	PK - 8	1.87 mi
Litlle Star Learning Center Homestead	30384 OLD DIXIE HWY	private	3	PK	2 mi
Everglades Preparatory Academy High School	2251 E MOWRY DR	public	498	9 - 12	2.3 mi
Colonial Christian School	17105 SW 296TH ST	private	283	PK - 12	2.31 mi
Everglades Preparatory Academy	2251 E MOWRY DR	public	449	6 - 8	2.31 mi
Avocado Elementary School	16969 SW 294TH ST	public	605	PK - 3	2.46 mi
Center For International Education A Cambridge Associate Sch	900 NE 23RD AVE	public	417	9 - 12	2.46 mi
Campbell Drive K-8 Center	15790 SW 307TH ST	public	903	PK - 8	2.54 mi
Faith Fellowship School	28945 SW 187TH AVE	private	155	PK - 12	2.72 mi
Keys Gate Charter School	2000 SE 28TH AVE	public	1972	KG - 8	2.86 mi
Somerset Preparatory Academy High School Homestead	3000 SE 9TH ST	public	268	9 - 12	2.92 mi
Somerset Prepatory Academy - Homestead	3000 S.E. NINTH STREET	public	382	KG - 5	2.93 mi
South Dade Middle School	29100 SW 194TH AVE	public	1243	4 - 8	2.94 mi
Somerset Prep Academy Middle Homestead	3000 SE 9TH ST	public	320	6 - 8	2.97 mi
Keys Gate Charter High School	2325 SE 28TH AVE	public	690	9 - 12	2.99 mi