• 692 Neil Rd, West Palm Beach, FL 33415

For Sale

Office

For Sale

This property is available for sale
1.15
Acres
$7,750,000
Sale Price
  • Overview

    Colliers is pleased to present the opportunity to purchase a portfolio of multifamily properties located in Palm Beach County, Florida.​ The subject portfolio is a rare value add opportunity of 55 units spread across multiple properties all near each other within Palm Beach County.​ Most of the units are large two- or three-bedroom units with water/electricity separately metered.​ Rents are well below market while units are in good shape providing the prospective buyer with significant upside.​


     


    Portfolio Summary


    692 Neil Rd, West Palm Beach, FL 33415


    535 Palmetto St, West Palm Beach, FL 33415


    4224 Park Lane, West Palm Beach, FL 33415


    4509-4539 Gulfstream Rd, Lake Worth, FL 33461


    617-625 S F St, Lake Worth, FL 33461


    3662 Davis Rd, Palm Springs, FL 33461


    307-329 Melody Lane, Lantana, FL 33461


     

    ​Light value-add with significant upside on rents
    ​Units are separately metered for water and electricity
    ​Large roomy units
    ​Properties include surface parking
    All within 10 minutes from each other
    Central location within Palm Beach County near to retail and area amenities

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Property Details

For Sale: Multifamily Portfolio in Palm Beach County

Colliers is pleased to present the opportunity to purchase a portfolio of multifamily properties located in Palm Beach County, Florida.​ The subject portfolio is a rare value add opportunity of 55 units spread across multiple properties all near each other within Palm Beach County.​ Most of the units are large two- or three-bedroom units with water/electricity separately metered.​ Rents are well below market while units are in good shape providing the prospective buyer with significant upside.​


 


Portfolio Summary


692 Neil Rd, West Palm Beach, FL 33415


535 Palmetto St, West Palm Beach, FL 33415


4224 Park Lane, West Palm Beach, FL 33415


4509-4539 Gulfstream Rd, Lake Worth, FL 33461


617-625 S F St, Lake Worth, FL 33461


3662 Davis Rd, Palm Springs, FL 33461


307-329 Melody Lane, Lantana, FL 33461


 

​Light value-add with significant upside on rents
​Units are separately metered for water and electricity
​Large roomy units
​Properties include surface parking
All within 10 minutes from each other
Central location within Palm Beach County near to retail and area amenities

  • Property Type
    Office
  • Sale Price
    $7,750,000
  • Total Acres
    1.15
  • Property ID
    1498782

Landlord's Sales Representatives

  • Virgilio Fernandez
    Colliers | Miami - Coral Gables
     
  • Mitash Kripalani
    Colliers | Miami - Coral Gables
     
  • Julian Zuniga
    Colliers | Miami - Coral Gables
     
  • Gerard Yetming
    Colliers | Miami - Coral Gables