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O’Reilly Commercial Realty LLC
Patrick O’Reilly Phone: (352) 237-2222
Email: OreillyCommercialRE@gmail.com
Multifamily Investment SOLD in Palm Beach
Price | $3,200,000 estimated | FL Zip Code | 33480 |
Number of Units | 8 | Cap Rate | 4.12% |
Building Size | 5,980 SF | Occupancy | 100% |
Price per Unit | $400,000 estimate | 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 the 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
- 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
Unit Mix Information for Multifamily Property Investment
Description | No. Units | Avg. Mo. Rent | Sq. Ft. |
1Bd/ 1Bth | 8 | $1,600 | 7,475 |
Palm Beach Apartment Building Financial Summary (Estimated)
Year | 2015 | Operating Expenses | $25,198 estimate |
Scheduled Gross Income | $157,200 | Net Operating Income | $132,002 |
253 Oleander Avenue, Palm Beach, Florida 33480 (Palm Beach County)
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