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USAFLCanal Point37280 Okeechobee Ave
32 - 37280 Okeechobee Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Canal Point FL | Image 1
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$3,200,000

32 - 37280 Okeechobee Ave, Canal Point, FL

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Income/MultiFamily
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $24,515
Days Active 20
Approx. Age 1960
MLS® Number A11863544

Property Address: 

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.Show Description
MLS® NumberA11863544
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets
Corp Number

Included in Maintenance Fee

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

Utilities

Heat
A/C
Heating Fuel

Extras

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