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    37280 Okeechobee Ave Canal Point, FL 33438

    For Sale
    $3,200,000

    Multi Family - Canal Point, FL

    Type:Single Family Attached
    Days on Market:
    85
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 37280 Okeechobee Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    Zoning
    RH
    APN
    00374133030140010

    Building Details

    Year built
    1960
    Number of units
    32
    Architectural style
    Other

    Commercial Properties Rus LLC (786) 222-5082 [email protected]

    Listing agent Yonel Aris (786) 565-7333 License #3267272

    Listing date Sep 18, 2025

    MLS# A11863544 Listing URL

    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.

    Overview

    Canal Point Multifamily Investment Opportunity

    Canal Point Apartments presents a value-add investment opportunity with immediate cash flow and strong upside. The community features 32 units across eight buildings. Sixteen units are stabilized and generating income, while the remaining 16 units require renovations to increase rents and drive the after-repair value to $6.5M. There is another single-family home located near the site that is slated for demolition, creating a redevelopment opportunity for a new 4-unit building, potentially expanding the total to 36 units. This phased project offers long-term growth in a market with rental demand and limited supply.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cariuo-Reker Towing Equipment Provider

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Department Store Auto Parts Store Kitchen & Bath Storage Facility Grocery Store Food Market Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canal Point
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.63453
    Latitude
    26.858063

    Nearby Similar for Sale

    • $800,000

      Canal Point Industrial Investment Opportunity

      Cash-flowing industrial property near major highways, ideal for various uses.
      12181 Everglades St, Canal Point, FL 33438
      View Details

    FAQs

    What type of property is this?
    Apartment building - Value-add multifamily investment with income and redevelopment potential in Canal Point.
    Where is this apartment building located?
    The property is located at 37280 Okeechobee Ave Canal Point, FL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Immediate cash flow from 16 stabilized units.; - Value-add opportunity to renovate 16 units for increased rents and ARV.; - Redevelopment opportunity to build a new 4-unit building, expanding to 36 units total.
    (786) 565-7333
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    37280 Okeechobee Ave Canal Point, FL 33438
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37280 Okeechobee Ave Canal Point, FL 33438
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