5646 Cyanamid Rd
Milton, FL 32583
- – beds
- 2 baths
- 19,280 sqft
- $129 per sqft
- 1984 build
- – on site
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!
Listing courtesy of PAR / MARK DOWNEY & ASSOCIATES, INC.
Last checked:
Checking…
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Last updated Jan 29, 2025
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MLS# 658151 —
The Building
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Year Built:1984
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Roof:See Remarks
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Building Area Total:19280
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Building Area Units:Square Feet
Room Dimensions
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Living Area Units:Square Feet
Location
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Directions:281 South then Right on Cyanamid Rd - Will be on the left
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Latitude:30.574444
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Longitude:-87.088116
The Property
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Parcel Number:191N280000043000000
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Property Type:Residential Income
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Property Subtype:Apartment
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Lot Features:Interior Lot
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Lot Size Dimensions:383 X 750
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Lot Size Units:Acres
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Horse:false
Listing Agent
- Contact info:
- Agent phone:
- (850) 382-4681
- Office phone:
- (850) 456-6616
Taxes
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Tax Legal Description:COM NE COR SW4 OF SE4 TH S 02 W 50 FT TH N 88 W 650 FT TH S 01 W 619 FT TO POB TH CONT S 01 579.55 FT TO NLY R/W OF COUNTY RD NO 282-B TH S 88 E 356.55 FT TH S 01 W 10 FT TH S 88 E 33.34 FT TH N 04 E 16 8.10 FT TH N 05 E 30.07 FT TH N 05 E 163.23 FT TH N 83 W 1 02 FT TH ALONG CURVE 4.47 FT TH N 83 W 261.40 FT TH N 01 E 190.61 FT TH N 88 W 50 FT TO POB AS DES IN OR 1072 PG 20 & OR 2033 PG 849 LESS ALL MINERAL RIGHTS
Baths
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Total Baths:2
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Total Baths:2
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Full Baths:2
Heating & Cooling
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Heating:Central
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Heating:true
Utilities
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Electric:Circuit Breakers
Schools
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Elementary School:Bennett C Russell
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Middle Or Junior School:Avalon
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High School:Milton
The Community
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Subdivision Name:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/28/25
Jan 28, 2025
|
Listed / Active | PAR | $2,500,000 |