Multifamily Property For Sale in Palm Beach Florida

$3,200,000.00
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1-561-299-0912

Description

Multifamily InvestmentĀ For Sale in Palm Beach

Price $3,200,000 FL Zip Code 33480
Number of Units 8 Cap Rate 4.12%
Building Size 5,980 SF Occupancy 100%
Price per Unit $400,000 No. Stories 2
Property Type Multifamily Year Built 1926
Property Sub-type Garden/Low-Rise APN / Parcel ID 5043431505000060
Property Use Type Investment

Description of Apartment Building For Sale

This is an amazing opportunity with this historically designated Palm Beach Island Investment opportunity. This is an 8 Unit Multi Family 2 story apartment building.

This is a great location in theĀ Palm Beach area; walking distance to the beach, Publix, world class shopping and the one of a kind Palm Beach Lifestyle! This is a rare investment chance to get a Multi-Family Property with the 33480 Zip Code of Palm Beach Florida.

Highlights of this Palm Beach Apartment Property Listing

  • 8 Spacious units all 1Bd/ 1Bth some with extra areas.
  • 3 units are currently used as Corporate housing.
  • If rented, the gross rent would be $157,200
  • Total expenses are $25,198 for a net income of $132,002 for a 4.12% CAP

Unit Mix Information for Multifamily Property For Sale

Description No. Units Avg. Mo. Rent Sq. Ft.
1Bd/ 1Bth 8 $1,600 7,475

Palm Beach Apartment Building Financial Summary (Actual)

Year 2015 Operating Expenses $25,198
Scheduled Gross Income $157,200 Net Operating Income $132,002

 

253 Oleander Avenue, Palm Beach, Florida 33480 (Palm Beach County)

Listing information courtesy of Keller Williams Miami Beach Realty. 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.

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