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Property profile & analytics
OFF-MARKET
Commercial real estate

171 Booker Pl Pahokee, FL 33476

Built 1958
Property ID
US18-1087019
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1958
UPID US18-1087019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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