LOT SIZE 1.800 acres
MLS#A12019296
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONCORAL BAY MANOR
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 Floridas 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.
Property Features
Property Type: Land - Residential
Lot Size: 1.80 Acres
Taxes: $35,000
Feature Descriptions
Crops Included Y/N: No
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Owner Will Carry
Lot: Corner Lot,1-2.5 Acres
Lot Dimensions: 360x220
Parcel#: 16-78-24-020-0010
Property Attached Y/N: No
Sewer: None
Utilities: No Utilities, None
Water: Municipal Water
Listed By / Shown By
Listed By
Agency Name: DG Pinnacle Realty
Agency Phone: 754-234-5306
Shown By
Agency Title: Realty 100
Agency Phone: 954-859-2100
Estimate Your Payment
Estimated Payment
$ 10,468.37 per month $6,676.70 Principal & Interest $2,916.67 Property Tax $875.00 Homeowner's Insurance
| MLS# A12019296
This land located at , Florida City, FL 33034 is currently listed for sale with an asking price of $3,000,000. The property has approximately 1.80 Acres. Search Florida City real estate on www.realty100.com today.