Multifamily – 32 Units in Canal Point, FL – Value-Add Investment Opportunity
Commercial Sale
Category: Multifamily
Price:$3,200,000
Location: Canal Point, FL
Year Built: 1960
Days on Market: 58
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.
Canal Point Apartments presents a rare value-add investment with immediate cash flow and strong upside.
Listing Code: 1128696216