Palm Beach Lakes Apartments
100% Occupied Building With Waiting List
Marketing description
For registration requirements and regulations, please review here or contact Bianca Diorio | 954-302-3810 | [email protected].
Introducing the extraordinary Palm Beach Apartments located at 921 14th St, West Palm Beach, FL 33401. This 5-unit apartment building, nestled in the Opportunity Zone, boasts a 100% occupancy rate, with four of the units housing VA guaranteed tenants. The property features a recent major update in 2023, including new electrical, plumbing, roof, hurricane impact windows, flooring, kitchen, bathrooms, paint, and more. Built in 1921 and spanning 2,224 square feet across two stories, this charming apartment building offers 7 beds and 5 baths. With a fenced premise and on-site parking, this property presents a lucrative investment opportunity. The Gross Rental Income (GRI) is $100,680, with an Operating Cost (OPC) of $22,466, resulting in a Net Operating Income (NOI) of $78,214. This captivating property is a rare find, perfectly blending historic charm with modern upgrades, ideal for savvy investors seeking a turnkey asset in a prime West Palm Beach location!
· Non-Contingent
· Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
· Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
· $10,000 Participation Deposit
921 14th St, West Palm Beach, FL 33401
Investment highlights
100% occupied building with waiting list
Major renovations over the last couple years
New Roof, windows, interior reno and more
Located in qualified opportunity zone 9 of West Palm Beach
Building has newer roof, all units were recently updated including kitchen and bathrooms, and most of them have impact hurricane windows.
Listing Contacts
Broker Selected Comps View More Comps
Similar Properties
Additional Information
Is there information that looks off?
