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!

The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Miami Association of REALTORS®. All Rights Reserved. The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on June 25, 2026

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Basic Information

List Price$2,550,000
MIAMIA11850691
MlsStatusActive
PublicSurveyRange78
Virtual TourView Tour

Exterior

Exterior FeaturesSecurityHighImpactDoors

Other

Gross Scheduled Income$7,971

Tax Information

Tax Year2024
Taxes$7,150

Location

Area78
Building Number1427
CountyMiami-Dade
SubdivisionCoral Bay Manor
Zip33034

Utilities

SewerNone
UtilitiesNone, Sewer Not Available
Water SourcePublic

Basic Information

Property TypeLand
StatusActive

Property

Acreage0.69
Lot DescriptionLessThanOneAcre
Lot Size Area30,000
Lot Size Square Feet30,000
Number Of Lots4
Zoning3000

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Grier Allen

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