NEW
- MLS® #: A11863544
- 37280 Okeechobee Ave 32
- Canal Point, FL 33438-5019
- $3,700,000
- Business
Canal Point Apartments presents a rare value-add investment with immediate cash flow and strong upside. The community features 32 units across eight well-built buildings, with 16 units already stabilized and generating steady income. The remaining 16 units require renovations to unlock premium rents and drive the ARV to $6.5M. A single-family home on site is slated for demolition, creating a prime redevelopment opportunity for a new 4-unit building—expanding the total to 36 units. With stabilized income today, value-add upside tomorrow, and a waiting list of renters ready to lease, this phased project offers exceptional long-term growth in a market with strong rental demand and limited supply.
Essential Information
- MLS® #A11863544
- Price$3,700,000
- CAD Dollar$5,118,417
- UK Pound£2,738,440
- Euro€3,160,499
- Bathrooms0.00
- Acres0.00
- Year Built1960
- TypeBusiness
- Sub-TypeMulti Family
- StatusActive
Community Information
- Address37280 Okeechobee Ave 32
- Area5002
- CityCanal Point
- CountyPalm Beach
- StateFL
- Zip Code33438-5019
- Office: Comlux Properties
Property Location
37280 Okeechobee Ave 32 on www.jupiteroceanfronthomes.us
Offered at the current list price of $3,700,000, this home for sale at 37280 Okeechobee Ave 32 features 0 bedrooms and 0 bathrooms. This real estate listing is located in of Canal Point, FL 33438-5019 . 37280 Okeechobee Ave 32 is listed under the MLS ID of A11863544 and has been on the Canal Point real estate market for 0 days.The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the REALTOR® Association of Greater Miami and the Beaches, and is updated as of August 25th, 2025 at 3:45am CDT (date/time).
All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Waterfront Properties and Club Communities shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2025 MLS of RAMB.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing