Listed by COMPASS FLORIDA LLC
$2,550,000
CORAL BAY MANOR
Details
APN 16-78-24-020-0550
Property Type Land
Sub Type Commercial
Acreage 0.690
Zoning 3000
Land | 0.69 acres
Marketing description
Incredible value-add and development opportunity in a high-growth area! This 9-unit multifamily generates $7,971/month at 97% occupancy, offering strong cash flow. Includes a $300K transferable Affordable Housing Grant and $80K in recent capital improvements, Brand new roof (2025), impact windows (2025), and doors (2025). Additional: 24,000 SF adjacent vacant lot approved for 30 units, ideal for portfolio expansion or ground-up development. Zoned for flexibility and positioned for future growth. Rare opportunity for investors seeking stable income, upside potential, or both. Remarks are not guaranteed and should not be relied upon as representations or warranties, express or implied. Seller Financing Available!
Listing Contacts
Listed by COMPASS FLORIDA LLC
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