171 Booker PlPahokee, FL 33476

Property Details for 171 Booker Pl

Year built

1958

Lot size

0.09 AC

Property size (Sq ft)

5,544 SF

Property type

Multifamily properties

Description

This exceptional investment opportunity presents a 5,544 square foot property located at 171 Booker Pl, Pahokee, FL, on a 0.09-acre lot. Originally a dormitory, this property is poised for immediate development as a twelve-unit multi-family apartment complex. Comprehensive architectural plans for the conversion are already fully approved, streamlining the permitting process and minimizing potential delays. The plans detail ten two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units, along with a dedicated laundry room structure. The significant groundwork has already been completed by the current owner, eliminating considerable upfront costs and risks. This includes the completion of a quiet title process, ensuring clear title ownership, and the settlement of all outstanding code liens and property taxes. This turnkey project offers a unique chance to capitalize on the growing demand for rental housing in the area. The property is being offered at $349,000. While information and measurements are believed to be accurate, potential buyers are encouraged to conduct their own independent verification. An interior video walkthrough is available upon request.

Location Insight

City

Pahokee

County

Palm Beach

State

Florida

Latitude

26.8192

Longitude

-80.6662

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