38 Unit Build Ready Multifamily Development Opportunity in Florida City, FL.


Property

Website:https://www.nestseekers.com/5485319
Address:
Florida City, FL 33034
Ownership: For Sale
Type: Unknown
Lot Size: 1.8 Acres

Financials

Price:$3,000,000
Annual Taxes:$35,000

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.

Amenities

  • SewerNotAvailable

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of DG Pinnacle Realty