171 Booker PlPahokee, FL 33476

Property Details for 171 Booker Pl

Year built

1958

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Pahokee

County

Palm Beach

State

Florida

Latitude

26.8192

Longitude

-80.6662

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