Listed by LIV Real Estate Group
$2,400,000
LAKE PARK ADD 3
Details
APN 36434221031350010
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 10,224
Units 8
Cap Rate 6.4%
NOI $153,718
Occupancy 100%
Price per SqFt $235
Broker Co-Op Yes
Year Built 1963
Year Renovated 2023
Stories 2
Zoning R2 (city
Parking Spaces 12 spaces
Parking Per SqFt 1.17
Investment Type Stabilized
Prime West Palm Beach Multifamily Investment – Fully Renovated 8-Unit Building
Marketing description
Exceptional opportunity to acquire a 10,000 SF, 8-unit multifamily property in the highly desirable Lake Park area, just minutes from vibrant Downtown West Palm Beach and the Intracoastal. Featuring 7- 3 bedroom/2 bathroom and 1- 2 bedroom/1 bathroom apartments, this concrete block construction building has been fully renovated, with updated interiors, modern finishes, units separately metered, central AC and a brand-new roof (2025). Amenities include on-site laundry, 12 dedicated parking spaces, and strong tenant appeal. With a net income of $154,000 and priced at under $260 per SF, this asset offers both solid cash flow and long-term appreciation potential.
Investment highlights
Fully renovated property exterior & interiors
.
8 spacious units : 7- 3BR / 2BA & 1- 2 BR / 1 BA
Average unit size 1,000 SF
All units separately metered for Water & Electric
New roof (2025)
Concrete block construction
Central AC
On-site laundry
12 parking spaces
Price: Under $260/SF
Listing Contacts
Listed by LIV Real Estate Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,718.00
$12,809.83/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
