For Sale
$450,000

171 Booker PlPahokee, FL 33476

12-Unit Apartment Complex, Approved Plans

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 12-unit multifamily property located at 171 Booker Pl, Pahokee, Florida, 33476. Originally constructed in 1958 as a dormitory, this property is poised for immediate development. Fully approved architectural plans are in place for conversion into a thriving apartment complex, comprising ten 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. A separate laundry room structure is also included in the approved plans. The significant groundwork has already been completed by the current owner, eliminating potential delays and streamlining the acquisition process. This includes the completion of a quiet title, ensuring clear title ownership, and the settlement of all code liens and outstanding taxes. This turnkey opportunity allows a buyer to focus solely on the construction and subsequent leasing of the units. The property's location in Pahokee, Palm Beach County, offers access to a growing market. Interior video is available upon request. While all information is believed to be accurate, buyers are encouraged to verify all details and measurements independently. Asking price is $450,000.

Highlights

  • $450,000 asking price.
  • Multifamily property.
  • Built in 1958.
  • Located at 171 Booker Pl, Pahokee, FL 33476.
  • Approved plans for 12-unit multifamily conversion (10 two-bedroom/one-bath, 2 one-bedroom/one-bath units, plus laundry).
  • Title is clear, all liens and taxes paid.

Property Details for 171 Booker Pl

Property type
Year Built
1958

Location Insight

City
Pahokee
County
Palm Beach
State
Florida
Latitude
26.8191758
Longitude
-80.6661672
171 Booker Pl, Pahokee, Florida

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171 Booker Pl
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