Apartment Buildings For Sale in West Palm Beach FL

$1,100,000.00
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1-352-237-2222

Description

This listing is a tremendous deal to purchase. Florida Apartment Investments such as this are rare.

 

Price $1,100,000
No. Units 4 Occupancy 100%
Building Size 10,240 SF No. Stories 2
Price per Unit $275,000 Year Built 1998
Property Type Multifamily Lot Size 16,376 SF
Property Sub-type Garden – Low-Rise APN / Parcel ID 73-41-44-09-02-073-0180
Property Use Type Investment Parking Ratio 0.39 / 1,000 SF

 

West Palm Beach Investment Property Description

Quadplex within the heart of the Village of Wellington- a highly desirable town due to equestrian influence and A-rated schools. Folkestone features 5 bedrooms (in high demand) with 2.5 baths and 1 car garages. Units are priced at 7+% cap. Demonstrating the highest returns of any multifamily property on the Wellington market with room to grow. Potential to lease out seasonally as well as annually.

This Investment Property for sale has no deferred maintenance, tenants in 3 units responsible for AC and interior maintenance. This is a trophy to add to your Commercial Property Portfolio.

Wellington, Florida 33414

Financial Summary (Actual)

Year 2016 Operating Expenses $39,800
Scheduled Gross Income $184,800 Net Operating Income $145,000

Listing information courtesy of Kate Tremain, Specializing in investment & equestrian properties. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.

Property ID 377901

Area of Florida

Location

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