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$9,000,000

For Sale

$9,000,000

16 Units | Rare Turn-Key Multifamily Condo Portfolio | West Palm Beach, FL

Description

PALM CONDO PORTFOLIO

16 Units | Rare Turn-Key Multifamily Condo Portfolio | West Palm Beach, FL

PRICE
$9,000,000


CAP RATE
4.15%
PRICE/ TAG
$219.61

BUILDING SIZE
40,976 TSF

NUMBER OF UNITS
16

NUMBER OF BUILDING
14

NOI
$373,598

OCCUPANCY
100%

YEAR BUILT
2006

INVESTMENT HIGHLIGHTS

100% occupied true turn-key opportunity with rental increases in upwards of 20.28%

Premiere West Palm Beach residential community with 375 units within 63 buildings. Building are composed of 4, 6, 7, & 8 units.

Currently offering and exclusive portfolio of 16 condo units in the heart of West Palm Beach

Newly-constructed community built in 2005-2006 by Quality Home Developer WCI Communities

Directly located off of Congress Ave that provides access to many major retailers, education centers, and highways such as I95

SOLD
For Sale

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