37280 Okeechobee Ave # 32, Canal Point FL 33438

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.

This income/multifamily home located at 37280 Okeechobee Ave # 32, Canal Point FL 33438 is currently for sale and has been available on Brickellsold for 26 days. This property is listed at $3M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1960. 37280 Okeechobee Ave # 32, Canal Point FL 33438 is in Canal Point county Palm Beach County.