Commercial For Sale near Lake Okeechobee
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.Property Details
- Beds: 0
- Baths: 0.0
- Year Built: 1960
- Location: Lake Okeechobee
- County: Palm Beach County
- Roof:
- Property Taxes: $24,515
- MLS #: A11863544
- Unit Number: 32
Location
| Click on map to activate | |
|
|
| (Open in Google Maps) (Bing Map) (Mapquest Map) |
Contact Information:
|
||
|
Listing Agent: Yonel Aris, Commercial Properties Rus LLC, 786-222-5082, 786-565-7333 Listing Site, Listing Status: Active
Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
|
||
Ad Statistics:
| Ad Number : | 6989392 |
| Viewed: | 14 times |
| Added: | Oct 23, 2025 |
| Updated on: | Oct 23, 2025 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
