171 Booker Pl Pahokee, FL 33476
This exceptional investment opportunity presents a 12-unit multifamily property located at 171 Booker Pl, Pahokee, Florida, 33476. Originally constructed in 1958 as a dormitory, this property is poised for immediate development. Fully approved architectural plans are in place for conversion into a thriving apartment complex, comprising ten 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. A separate laundry room structure is also included in the approved plans. The significant groundwork has already been completed by the current owner, eliminating potential delays and streamlining the acquisition process. This includes the completion of a quiet title, ensuring clear title ownership, and the settlement of all code liens and outstanding taxes. This turnkey opportunity allows a buyer to focus solely on the construction and subsequent leasing of the units. The property's location in Pahokee, Palm Beach County, offers access to a growing market. Interior video is available upon request. While all information is believed to be accurate, buyers are encouraged to verify all details and measurements independently. Asking price is $450,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.