The Current Noi Is $53,548 With A 7.65% Cap Rate. Build 6 Additional Units, Which Will Increase The Total Revenue To $206,500 And The Noi To $185,400, At A Total Cost Of $1,901,500, Resulting In A Cap Rate Of 9.75%. Alternatively, You Could Purchase The Property And Convert The Entire Project Into 11 Units. Discover The Potential Of This Rare 1.25-acre Parcel, Zoned Rm (multi-family, Medium Density) And Located In An Unincorporated Area. The Site May Accommodate Up To 11 Residential Units—a Prime Opportunity For Developers Or Investors Seeking A Strong Growth Prospect. Enjoy A Strategic Location Just Minutes From I-95, The Florida Turnpike, And A Variety Of Shopping, Dining, Schools, And Employment Hubs..