5646 Cyanamid Rd
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5646 Cyanamid Rd
16 Unit Block of Flats £2,232,405 (£139,525/Unit) 6.60% Net Initial Yield 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 | £2,232,405 | Apartment Style | Low Rise |
| Price Per Unit | £139,525 | Building Class | B |
| Sale Type | Investment | Lot Size | 3.65 AC |
| Net Initial Yield | 6.60% | Building Size | 16,420 SF |
| Sale Conditions | Portfolio Sale | Average Occupancy | 100% |
| No. Units | 16 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1984 |
| Property Subtype | Apartment |
| Price | £2,232,405 |
| Price Per Unit | £139,525 |
| Sale Type | Investment |
| Net Initial Yield | 6.60% |
| Sale Conditions | Portfolio Sale |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 3.65 AC |
| Building Size | 16,420 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1984 |
Unit Amenities
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 16 | £787.22 | 965 |
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PROPERTY TAXES
| Parcel Number | 19-1N-28-0000-04300-0000 | Improvements Assessment | £910,101 |
| Land Assessment | £71,476 | Total Assessment | £981,577 |
PROPERTY TAXES
Parcel Number
19-1N-28-0000-04300-0000
Land Assessment
£71,476
Improvements Assessment
£910,101
Total Assessment
£981,577
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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