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Claire Montgomery
Salt Life Homes Powered by Real Broker LLC
claire@pensacoladreamliving.com +1(850) 490-4368Listed by Troy Alsaker • MARK DOWNEY & ASSOCIATES, INC.
$ 2,500,000
Est. payment /mo
Active
5646 Cyanamid Rd Milton, FL 32583
2 Baths
19,280 SqFt
UPDATED:
01/29/2025 02:59 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 19,280 sqft
Price per Sqft $129
MLS Listing ID 658151
Full Baths 2
HOA Y/N No
Originating Board Pensacola MLS
Year Built 1984
Lot Dimensions 383 X 750
Property Sub-Type Apartment
Property Description
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!
Location
State FL
County Santa Rosa
Interior
Heating Central
Exterior
View Y/N No
Roof Type See Remarks
Building
Lot Description Interior Lot
Faces 281 South then Right on Cyanamid Rd - Will be on the left
New Construction No
Others
Tax ID 191N280000043000000