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37280 Okeechobee Ave # 32, Canal Point FL 33438

Commercial For Sale
$3,200,000

BTC: 106.66666667

ETH: 1,600.00000000

-$500K (2025/09/05)
103 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

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

Florida • Canal Point • 33438 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1960
Lot:
69354 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features

  • Lot

    • Lot: 69354 Square Feet

    Other Property Information

    • Parcel Number: 00374133030140010

    • Zoning: RH

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $24,515

  • Source details

    • MLS ID: A11863544

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Comlux Properties