Lantana Greens - 714/722 North 7th Street, Lantana, FL 33462

Lantana Greens is located in the desirable North Broadway neighborhood in the town of Lantana. Centrally located between West Palm Beach and Delray Beach in Palm Beach County Florida. The Town of Lantana has maintained its beachside charm and gives residents an alternative retreat to the bustling city life that is typical of South Florida. Nestled just south of the popular Lake Worth Beach, this property neighbors the new 72 acre mixed use development of Water Tower Commons east of Interstate 95. The highly walkable mixed use development is being partially developed by The Related Group and will feature significant retail including but not limited to Wawa, Aldi, and many more. Phase one of Town Lantana residential portion will include 360 units and phase two will be 348 units all of which are 4 story. Celebrating its 100th birthday, the Town of Lantana is known locally as a small fishing village that provides residents with a unique Florida experience. Residents enjoy great bike-ability with dining and entertainment up and down the popular Ocean Ave. Lantana provides an exceptional small town vibe, with multiple waterfront parks, a fishing pier and nature walk. It is estimated that more than 11,405 people call the Town of Lantana home. The town provides residents with economic opportunity locally, and convenient access to major economic drivers in West Palm Beach and Ft Lauderdale. West Palm Beach and Lake Worth Beach to the north have seen many new investment to the area with new office, retail, and residential projects both in planning and coming online now. Lantana Greens is a highly desirable garden style apartment community consisting of six (6) studios and six (6) 1/1s. The subject property provides a true value add opportunity through renovations, rent raises and a quality marketing plan. Consisting of 4 buildings across two contiguous parcels, the properties are spread across .43 acres of land, giving residents ample green space and the ability to remain socially distanced from their neighbors. Parking is ample. Walking distance to the new mixed use development of Water Tower Commons, Lantana Greens will provide opportunity to participate in the growth of the Town of Lantana. A well for landscape irrigation provides additional cost savings on property. With usable garage/storage space, the subject property may provide an opportunity to add laundry services on site. The condition of the interior units would welcome significant renovations to maximize the full value of the underlying real estate. For those looking for an opportunity to add significant value in a well located, East of Interstate 95 Multifamily asset in an area seeing exceptional new growth Lantana Greens is an excellent choice.