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32-37280 Okeechobee Ave, Canal Point, FL

Real Estate

For Sale

Listed price in listed location currency (USD).
$3,200,000

000

MLS® A11863544

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $24,515
Days Active 70
Approx. Age 1960
MLS® Number A11863544

Property Address: 32-37280 Okeechobee Ave, Canal Point, FL, 33438-5019

Average square foot calculated using Size range provided by listing agent.

Description

Canal Point Apartments presents a rare value-add investment with immediate cash flow and strong upside. The community features 32 units across eight well-built buildings, with 16 units already stabilized and generating steady income. The remaining 16 units require renovations to unlock premium rents and drive the ARV to $6.5M. Another single-family home is located near site and is slated for demolition, creating a prime redevelopment opportunity for a new 4-unit building—expanding the total to 36 units. With stabilized income today, value-add upside tomorrow, and a waiting list of renters ready to lease, this phased project offers exceptional long-term growth in a market with strong rental demand and limited supply.
MLS® NumberA11863544
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 23, 2025List Date
$3,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
37280 Okeechobee Ave, Canal Point, FL

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