5646 Cyanamid Rd
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5646 Cyanamid Rd
16 Unit Apartment Building $4,052,700 CAD ($253,294 CAD/Unit) 6.60% Cap Rate Milton, FL 32583
Executive Summary
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!
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!
Property Facts
| Price | $4,052,700 CAD | Apartment Style | Low Rise |
| Price Per Unit | $253,294 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 3.65 AC |
| Cap Rate | 6.60% | Building Size | 16,420 SF |
| Sale Conditions | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment |
| Price | $4,052,700 CAD |
| Price Per Unit | $253,294 CAD |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 3.65 AC |
| Building Size | 16,420 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
Unit Amenities
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | $1,429 CAD | 965 |
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PROPERTY TAXES
| Parcel Number | 19-1N-28-0000-04300-0000 | Improvements Assessment | $1,638,913 CAD |
| Land Assessment | $128,715 CAD | Total Assessment | $1,767,628 CAD |
PROPERTY TAXES
Parcel Number
19-1N-28-0000-04300-0000
Land Assessment
$128,715 CAD
Improvements Assessment
$1,638,913 CAD
Total Assessment
$1,767,628 CAD
zoning
| Zoning Code | R3 (Residential district medium density housing) |
| R3 (Residential district medium density housing) |
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Presented by
Mark Downey & Associates
5646 Cyanamid Rd
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