tomo logo

$2,500,000

Beds
Unknown
Baths
2.0
sq ft
Unknown

5646 Cyanamid Rd, Milton, FL 32583

5646 Cyanamid Rd

Milton, FL 32583

  • 24 days on market
Investors, don’t miss this golden opportunity! Located at 5646 Cyanamid Rd in Milton, FL, this 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. Schedule a tour today and explore the endless possibilities for this income-producing property!

Details

Property type

Apartment

Lot size

Unknown

Price per sq ft

Unknown

Year built

1984

Price History

01/29/2025
Pensacola

Pensacola #658151

Listed
$2,500,000

Schools & Community

Elementary school: 

Bennett C Russell

Middle school: 

Avalon

High school: 

Milton

Status: Active

Tomo last checked: 02/22/2025 at 9:15 PM

Listing updated: 01/29/2025 at 1:25 PM

Listed by: Troy Alsaker, MARK DOWNEY & ASSOCIATES, INC. Phone #: (850) 456-6616

MLS: Pensacola #658151

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