$2,500,000
bedrooms
0
bathrooms
2
square feet
0
Acreage
-
Open Houses
-
year built
1984
Full Baths
2
Half Baths
0
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 | |
| Subdivision | None |
| County | Santa Rosa |
| Elementary School | Bennett C Russell |
| Middle School | Avalon |
| High School | Milton |
Open houses
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 658151
Listing agent:
Troy Alsaker
Listing broker:
Mark Downey & Associates, Inc.
225 850-456-6616
Copyright © 2025 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Wednesday, January 29 2025 at 12:43 p.m. EST
Kotohomes National
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