5646 Cyanamid Rd - Apartments FOR SALE


Milton, FL 32583
$2,850,000 USD
850-382-4681
5646 Cyanamid Rd, Milton, FL for Sale
$2,850,000 USD
Apartments - FOR SALE
1/24
null | 6.6% Cap Rate

5646 Cyanamid Rd
Milton, FL 32583


OVERVIEW

Investors, don’t miss this golden opportunity! Located at 5646 Cyanamid Rd in Milton, FL, this 16-unit apartment complex features 32 bedrooms and 32 bathrooms, with each unit offering 2 beds and 2 baths—a perfect layout for attracting long-term tenants. But that’s just the beginning! Zoned R3, with space to add up to 18 units per acre, giving you the opportunity to expand up to 47 units in addition to the current 16 units, for a potential total of 63 units! Plus, you can build up to 50 feet high. Rent potential for each unit is $1100.00. Seller offering partnership for redevelopment. Whether you're seeking immediate cash flow or long-term growth, this property checks all the boxes. With ample room for expansion and solid returns, this is an incredible investment in a booming area. Price: Contact for details Schedule a tour today and explore the endless possibilities for this income-producing property!

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

16

PRICE/UNIT

$178,125

CAP RATE

6.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.65 AC

LAND SF

158,994 SF

ZONING

R3

APN/PARCEL ID

19-1N-28-0000-04300-0000

ASK ABOUT THIS PROPERTY

Troy AlsakerMark Downey & AssociatesMore Info
850-382-4681

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Troy AlsakerMark Downey & AssociatesMore Info
850-382-4681

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.