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Commercial > Multi-family / Apartments
Active
10/23/2025
List Price
$3,200,000

37280 Okeechobee Ave
Canal Point, FL 33438

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    • -
      Bed
    • 11
      Baths
    • 2,916
      ft²
      Living Area
    • 1.3
      ac
      Lot Size
    • -
      Pool
    • -
      Car
    • 1960
      Year Built
    • 48
      DOM
    • 15
      Permits
    37280 Okeechobee Ave, Canal Point, FL 33438 is a 11 bath, 2,916 ft² multi-family/apartments property built in 1960 on a 1.324 acre lot with 15 construction permits. This multi-family/apartments is currently for sale for $3,200,000, and it was last sold in 2017 for $800,000.

      MLS Description

      The listing agent's description. Original Listing

      Canal Point Apartments presents a rare value-add investment with immediate cash flow and strong upside. The community features 32 units across eight well-built buildings, with 16 units already stabilized and generating steady income. The remaining 16 units require renovations to unlock premium rents and drive the ARV to $6.5M. Another single-family home is located near site and is slated for demolition, creating a prime redevelopment opportunity for a new 4-unit building—expanding the total to 36 units. With stabilized income today, value-add upside tomorrow, and a waiting list of renters ready to lease, this phased project offers exceptional long-term growth in a market with strong rental demand and limited supply.

      Listing Agents

      The listing agent for 37280 Okeechobee Ave is Yonel Aris.

        YA

        Yonel Aris

        Comlux Properties

        License: 3267272

        Phone: (786) 222-5082

      Permits

      37280 Okeechobee Ave has 15 permit records.

      Permit History
      15
      Permits

      Current Ownership

      Information about the current owner(s).

      • Taxes Billed

        Taxes billed in 2024$24,514.85
        From latest Total Assessed Value4.15%
        Total Assessed Value$591,355
        =
        Land
        Assessed Value        $45,760
        +
        Additions
        Assessed Value        $545,595

        • In 2024, taxes billed for 37280 Okeechobee Ave were $24,514.85, which is 4.15% from latest Total Assessed Value of $591,355.

      Property History

      37280 Okeechobee Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

      Property Events

      Environment

      Environmental factors around 37280 Okeechobee Ave

      • Hazard Risks

        Hurricane
        594
        Weather
        343
        Carb Mono
        111
        Nat'l Avg
        100
        Particulates
        96
        Air Pollution
        93
        Tornado
        93
        Lead
        91
        Ozone
        90
        Earthquake
        18
        Wind
        15
        Hail
        12

        • 12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 37280 Okeechobee Ave.

        Walkability Index

        10 /20

        Somewhat Walkable

        Most Walkable

        20-18

        Very Walkable

        17-15

        Somewhat Walkable

        14-10

        Car Dependent

        9-0

        37280 Okeechobee Ave has a walkability score of 10 out of 20, which means that it is in a somewhat walkable area.

        Temperature

        Seasonal temperature sampled over multiple years

        Winter
        Average

        64 °F

        Low

        53°F

        High

        76°F

        Summer
        Average

        81 °F

        Low

        71°F

        High

        91°F

        In the winter at 37280 Okeechobee Ave, temperatures range from 53.17°F to 75.81°F with an average of 64.49°F. In the summer, the temperature ranges from 71.11°F to 90.88°F with and average of 81°F.

      School Information

      Public/private schools serving 37280 Okeechobee Ave

        Public Schools

        Pahokee Elementary School
        Grades: PK-5
        2.66  mi
        D
        Village Academy
        Grades: PK-PK
        43.90  mi
        D+
        K. E. Cunningham/Canal Point Elementary School
        Grades: PK-5
        0.31  mi
        D
        Pahokee Middle/Senior High School
        Grades: PK-12
        2.51  mi
        C-
        West Riviera Elementary School
        Grades: PK-5
        35.47  mi
        D+
        Glade View Elementary School
        Grades: PK-5
        12.78  mi
        B-
        Pine Grove Elementary School
        Grades: PK-5
        44.61  mi
        B+
        Galaxy Elementary School
        Grades: PK-5
        41.53  mi
        B-
        Rolling Green Elementary School
        Grades: PK-5
        41.08  mi
        D+
        Highland Elementary School
        Grades: PK-5
        38.75  mi
        D-
        West Gate Elementary School
        Grades: PK-5
        35.29  mi
        C
        Dr. Mary McLeod Bethune Elementary School
        Grades: PK-5
        34.50  mi
        C-
        Pioneer Park Elementary School
        Grades: PK-5
        13.18  mi
        C+
        * The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.

        Nearby public schools serving 37280 Okeechobee Ave have ratings undefined, undefined, undefined, undefined, undefined, undefined, undefined, undefined, undefined, undefined, undefined, undefined, and undefined.

      Neighborhood

      This property is located in 33438.

        Crime Index for 33438

        102

        Above national average
        102

        The crime index in 33438 is 102, which is 1.0 times higher than national average.

      • Seasonal Housing units 33438

        3%

        of housing is for seasonal rent.

        Daytime Population for 33438

        -20%

        of people during work hours.

      Market Trends

      Historical market data near 37280 Okeechobee Ave over selected time period.

      Copyright © 2025 Miami 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.

      Nearby Properties on Okeechobee Ave

      USAFLPalm Beach CountyCanal PointOkeechobee Ave