103 W Shell Point Rd 6 Unit Apartment Building $1,186,532 CAD ($197,755 CAD/Unit) 8.36% Cap Rate Ruskin, FL 33570

Marcus & Millichap, as exclusive listing agent, is pleased to present a rare 6-unit multifamily investment opportunity ideally located off US-41 in Ruskin, Florida.
 
Located at 103 W. Shell Point Rd, this unconventional asset was constructed in 1978 using durable concrete block construction. The one-story building sits on a 0.27-acre lot and offers approximately 2,994 square feet of rentable living space. The property features two (2) three-bedroom / two-bathroom apartments, and four (4) one-bedroom/one-bathroom studio apartments, catering to strong demand from the local renter demographic.
PD Zoning: While the properties current layout is designed for multifamily use, the PD zoning offers the flexibility and potential to convert a portion of the property to office/commercial upon takeover.
This property is one of few multi-family apartment buildings within a 5-mile radius which attracts both residents and investors as revitalization efforts further enhance the Ruskin area. This property presents a compelling value-add opportunity as well. The market is characterized by limited competition for similar vintage product in this desirable location, creating a clear path for rental growth. This offering represents an outstanding opportunity to acquire a well-located asset with current cash flow and immediate value-add potential in one of Southwest Florida’s most dynamic and evolving submarkets.