$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
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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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