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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)
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.
