0
37280 Okeechobee Ave, #32
$3,700,000 Sale
Listed 1 day
· 0
· 0
· -
· -
Key Facts
Key facts for 37280 Okeechobee Ave, #32
Property Type
Apartment, Unspecified
Parking
-
MLS #
A11863544
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
$24,515 /yr
Days on Market
-
Year Built
1960
Maintenance Fee
-
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. A single-family home on site 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.
Similar Properties (No results)
Listing courtesy of: Comlux Properties