PALM BEACH County, FL Multi-Family For Sale
11 results
Address
Asking Price
Lantana Greens
714 N 7th St
Lantana, FL
Lot Size:0.45Acres
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.
$1,150,000
Multifamily For Sale
1115 19th Ave N
Sunset Ridge, Lake Worth, FL
Lot Size:0.20Acres
PRICED REDUCED!!! This is a 4 unit apartment building. Located just steps to Dixie Hwy in up and coming Lake Worth. The units feature 2BR 1BA 1Car Garage. Building is well maintained. Long term tenants. All units have Central A/C. Current rents are below market new owner has the ability to increase rents to current market rates. Cap rate is 5.4%. Projected profroma cap rate is 10.3% at market rate rents.
$425,000
US-27
South Bay, FL
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Morning Glory Villa's
13981 Morning Glory Dr
Wellington, FL
Lot Size:0.34Acres
Wellington
$745,000
Maine Street Gardens
4271 Vermont Ave
Lake Worth, FL
Lot Size:4.07Acres
Lake Worth 9 buildings
$2,750,000
Wellington Townhome Portfolio
13612 Yarmouth Ct
Wellington, FL
Lot Size:2.87Acres
This townhome portfolio is located in the Village of Wellington just west of West Palm Beach in central Palm Beach County. The portfolio consists of 8 buildings totaling 30 units that are conveniently located within a 2 mile radius of each other, and have immediate proximity to everything the Village has to offer, including but not limited to walk-ability to schools, shopping, movie theater, dining, grocery, and within a ¼ mile to the Equestrian Showground. The portfolio consists of 8 properties totaling 8 buildings and 30 units averaging 1,600sf. Mix of 4 (5bed/2bath), 24 (4bed/2bath) 2 (3bed/ 2bath). The units are 100% occupied and some of the largest available in the Wellington rental neighborhoods. Units are well maintained and many have new kitchens, bathrooms, appliances, AC, and flooring. Conveniently located within a 2 mile radius of each other. Excellent Cap rate at acquisitions with potential pro-forma cap rate at current market rents over 8%!
$6,750,000
Palmway Gardens off Lake Ave
15 S Palmway
Bryant Park, Lake Worth, FL
Lot Size:0.31Acres
The Palmway Gardens off Lake Ave opportunity is wonderfully located just a short bike ride or walk to one of the most pristine beaches South Florida has to offer. Downtown West Palm Beach is just minutes up Federal Highway to the North and Downtown Delray similarly distanced to the south. Interstate 95 is connected by both 6th Avenue South and 10th Avenue North. Lake Worth Beach is widely considered the next domino in the constantly “under construction” South Florida market. There are extensive development plans currently in process including the repositioning of the Gulf Stream Hotel which is part of the U.S. National Register of Historic Places. Born in 1923, the Gulf Stream Hotel will be strategically repositioned and provide a tourism boom to the overall downtown and beach areas of Lake Worth Beach. Overlooking the intracoastal and city parks that include the bandshell at Bryant Park, Gulf Stream Hotel will support tourism and jobs related to many local festivals including but not limited to the annual Reggae Fest, Street Painting Festival, Finlandia Week, Lake Worth Festival of Trees, Gay Pride Parade and bi-weekly Evenings on the Avenue at Cultural Plaza. Locally renowned, the city is home to some of the best water activities in the state, Lake Worth Beach affectionately bills itself “Where the Tropics Begin”. Some of South Florida’s best examples of the Art Deco era is alive and well in Lake Worth Beach with the city going to great lengths to preserve that rich history. Lake Worth Historical Museum and the Art Deco Lake Worth Playhouse are in the Downtown Area and provides for a continued focus on the local arts scene. Lake Worth Beach provides an exceptional small-town vibe complete with a charming downtown that is highly walkable and bordered by Lake and Lucerne Avenue. Very centrally located to large corporate employers that include Florida Crystals Corporation, Pratt & Whitney, U.S. Sugar, Johnson Controls, Lockheed Martin, Sikorsky, IBM, and more. It is estimated that 38,526 people call Lake Worth Beach home. The area service economy also benefits greatly from being minutes away from some of the highest priced exclusive real estate with Palm Beach and Manalapan leading the way. Palmway Gardens off Lake Ave features significant upside in value creation through market rent stabilization. Located in the very desirable submarket of Lake Worth Beach, all eyes are on this bohemian and quaint downtown as it continues to grow up and look to the future. Widely recognized as a city of progress due to a recent rebranding alongside an aggressive CRA looking to build on a local history that goes back to the incorporated year of 1913 and earlier. Mixed Use and Redevelopment Projects including The Mid, The One Luxury Condominiums (1 S Palmway), West Village Art Lofts, and Lake Worth Beach Casino & Complex. Palmway Gardens off Lake Ave has been almost entirely renovated with new flooring and new kitchens that feature granite counters, tile backsplash, wood kitchens, hurricane impact windows, exterior painting, lush landscaping. The property features on-site laundry service, rented parking spaces and extensive lighted street parking options. Location has warranted a remarkably high occupancy rate historically and is in constant demand due to proximity to world class area amenities and major economic drivers. The subject property is almost entirely repositioned in 2020 with the owners going to great length to preserve the character of the asset and accentuate its proximity to everything Lake Worth Beach has to offer. Palmway Gardens off Lake Ave is in the CRA and path of progress. Current zoning is MF-30 (Medium-Density Multiple-Family Residential District). The MF-30 medium-density multiple-family residential district implements the “high-density multiple-family residential” land use category of the Lake Worth Beach Comprehensive Plan.
$2,278,000
Lake Worth Tri-Plex
205 S C St
Royal Poinciana, Lake Worth, FL
Lot Size:0.16Acres
East Lake Worth Triplex
$229,000
Care Apartments
1017 N F St
Sunset Ridge, Lake Worth, FL
Lot Size:0.15Acres
East Lake Worth 4 2 bedroom 1 bath unit s
$450,000
CARE APARTMENTS
1015 N F St
Sunset Ridge, Lake Worth, FL
Lot Size:0.16Acres
East Lake Worth 4 units
$450,000
Serafica Place Apartments
4885 Serafica Dr
Lake Worth, FL
Lot Size:0.93Acres
Lake Worth Corridor 5 units
$800,000
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Market Stats
PALM BEACH has 3,347 commercial real estate spaces for lease, representing 19,982,776 sqft space.
1039 buildings are available for sale.
In the past 30 days, PALM BEACH has had 381 spaces leased and 3 new spaces come on market.
Metropolitan areas in PALM BEACH County, FL
Cities in PALM BEACH County, FL
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