Home » Properties » 421 NW 12th St, Florida City FL 33034

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Income/MultiFamily Commercial Sale at 421 NW 12th St, Florida City

Two multifamily buildings at 421 NW 12th St offer remodeled units in an emerging Florida City neighborhood.

$2,850,000

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Florida Local Time --:--

MLS #A11528411

Listing Updated: 2026-07-14 18:43:48

Listed By: Luxe Properties

Overview

This commercial multifamily opportunity includes two buildings at 421 NW 12th St, Florida City, FL 33034. The properties feature a total of 16 remodeled units—eight 2-bedroom, 1-bathroom and eight 1-bedroom, 1-bathroom apartments. Recent updates include new mini-split A/C units, roof sealing in 2023, fresh exterior paint, fencing, and security cameras for both buildings. Surrounded by new townhomes and modern multifamily developments, this address benefits from a neighborhood undergoing positive transformation and growth. The buildings also present a mix of fully and partly remodeled spaces with active tenants, reflecting strong appeal for long-term occupancy in Florida City's emerging market.

Property Highlights

Comprises 16 units, including eight 2-bed/1-bath and eight 1-bed/1-bath apartments. Updated in 2023 with mini-splits, roof sealing, security cameras, and fencing. Located on a rising street surrounded by new developments.

Property Details

City: Florida City

State: FL

Zip Code: 33034

Address: 421 NW 12th St, Florida City FL 33034

Year Built: 1959

Property Type: Commercial Sale

Property Sub Type: Income/MultiFamily

Listing Office Name: Luxe Properties

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $18,588

Days On Market: 851 Days

Original Listing Description

441 NW 12 ST & 421 NW 12 ST SOLD TOGETHER. (OWNER INTERESTED IN 1031 EXCHANGE).Roof sealed in 2023. 8 2/1 & 8 1/1. All new mini splits A/C units. 13 Fully Remodeled & 3 partly remodeled. Both buildings wired camera camera. Both properties fenced in. Both Buildings will be painted. New Tenants. New multi family buildings surrounding property. New town homes behind properties. BEST up and coming street in Florida City. RENT ROLL Building 421 all 2 bed 1 bath Unit 1 1600 Unit 2 1600 Unit 3 1500 Unit 4 1600 Unit 5 1600 Unit 6 1600 Unit 7 1600 Unit 8 1600 Building 421 all 1 bed 1 bath All have tenants waiting on appliances or minor finishes Unit 1 1450 Unit 2 1450 Unit 3 1350 Unit 4 1400 Unit 5 1400 Unit 6 1450 Unit 7 1450 Unit 8 1450

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

421 NW 12th St, Florida City FL 33034

About This Neighborhood

Situated in a thriving part of Florida City, 421 NW 12th St benefits from ongoing neighborhood revitalization. New townhomes and multifamily complexes nearby reflect a community shift toward modernized residential living. This locale offers easy access to essential amenities and major roadways, linking residents conveniently with the broader Miami metro area. The evolving street scene complements the property’s appeal, making it a practical choice for tenants and property owners looking for a well-connected, growth-oriented environment.

Walkability & Lifestyle

This multifamily property is positioned for convenient day-to-day living in Florida City. Residents can enjoy nearby shopping centers, dining options, and essential services within a short drive or a modest walk. While primarily residential, the area offers increasing amenities reflective of its growth, making errands and local outings more accessible. The property’s proximity to major thoroughfares also supports easy travel to key recreation and employment hubs in the region.

Things To Do Nearby

Living near 421 NW 12th St places residents within reach of Florida City’s local charm and outdoor leisure options. Nearby parks and natural reserves provide space for walking, picnics, and weekend activities. Water enthusiasts find opportunities to explore coastal areas just a short drive away, including fishing and boating along Biscayne Bay. The city’s evolving dining and community entertainment spots add character and lifestyle variety for those looking to engage with local culture and recreation.

Nearby Schools

Families residing near 421 NW 12th St can appreciate access to a variety of nearby educational institutions. The Florida City area hosts a range of public and private schools catering to different grade levels, offering options suitable for families seeking convenient schooling. Local schools within reasonable driving distance enhance the neighborhood's appeal for residents looking for balanced urban-suburban lifestyles with educational access.

Why Buyers Like This Area

Buyers are often attracted to this property because it offers a blend of solid multifamily inventory in a neighborhood experiencing significant improvement. The recent renovations and security installations demonstrate active asset management. Additionally, the location within Florida City appeals to those seeking proximity to both the Miami metropolitan area and natural attractions, providing a balanced lifestyle for tenants and owners alike.

Investment Potential

This commercial multifamily property in Florida City shows promising rental appeal due to its sizable unit count and recent renovations. The mix of 1- and 2-bedroom apartments draws diverse tenants, and the neighborhood’s rising profile helps maintain demand. Seasonal influences along with nearby employment and transit options may contribute to steady occupancy over time. While returns can never be guaranteed, properties in up-and-coming areas like this often attract steady tenant interest and offer durable income potential for owners focusing on multifamily assets.

Market Trends

Florida City’s real estate market has seen changes reflecting increased demand for multifamily units and urban living options. This property aligns with trends favoring renovated apartment complexes in accessible neighborhoods. Rising development activity around NW 12th St contributes to an improving local market profile, attracting renters and buyers seeking a balance of affordability and community growth. Properties combining contemporary upgrades with solid location exposure typically perform well amid the city’s gradual transition toward denser, more diverse housing options.

Rental Income Potential

The income overview for this multifamily investment is strengthened by fully remodeled units commanding competitive rents. Eight 2-bedroom apartments and eight 1-bedroom units each generate solid monthly rents, with many tenants already secured. Some units await minor finishing touches, further supporting short-term leasing potential. The location’s accessibility and surrounding new developments enhance the property's attractiveness to renters seeking quality, well-maintained housing in a convenient Florida City neighborhood.