FL > Canal Point
Canal Point, FL 33438,37280 Okeechobee Ave #32
Canal Point, FL 33438,37280 Okeechobee Ave #32
Canal Point, FL 33438,37280 Okeechobee Ave #32
Canal Point, FL 33438,37280 Okeechobee Ave #32
Canal Point, FL 33438,37280 Okeechobee Ave #32
Canal Point, FL 33438,37280 Okeechobee Ave #32
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
4
Sep
Fri
5
Sep
Sat
6
Sep
Virginia "Ginger" Lingo

Virginia "Ginger" Lingo

+1(954) 599-0302
$ 3,700,000
Est. payment | /mo

20,812 SqFt

Save Virtual Tour
$ 3,700,000
Est. payment | /mo
Save Virtual Tour

20,812 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 20,812 sqft

Price per Sqft $177

MLS Listing ID A11863544

HOA Y/N No

Year Built 1960

Annual Tax Amount $24,515

Lot Size 1.592 Acres

Property Sub-Type Multi Family

Property 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.

Location

State FL

County Palm Beach

Area 5002

Exterior

Private Pool Yes

Others

Tax ID 00374133030140010

Acceptable Financing Cash, Conventional, Owner May Carry, Other

Listing Terms Cash, Conventional, Owner May Carry, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11863544

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Comlux Properties
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(954) 599-0302

ginger@getihr.com

1451 W Cypress Creek Rd STE 300 Ft. Lauderdale, FL 33309, FT. LAUDERDALE, Florida, 33309, USA

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Internet Home Realty, Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

37280 Okeechobee Ave #32