$2,450,000
Apartment for Sale, West Palm Beach, Florida 33405
- MLS#B26073855
442 m² (4,756 ft²)
Listed By Landrich Real Estate, Inc.
The Apartment for Sale located at West Palm Beach, Florida 33405 is currently for sale.
Description
Rare 8-unit multifamily investment opportunity at 211 & 215 Malverne Rd in West Palm Beach. The 4,756 SF property features six 1-bedroom/1-bath units and two 2-bedroom/1-bath units, plus on-site laundry, tropical landscaping, paver walkways and a charming courtyard with fountain. Current gross rental income is $153,720 annually, with pro forma gross income of $165,120. Zoned MF20 - Multifamily Medium Density. Ideally located just one block from the Intracoastal Waterway and Flagler Drive, near Palm Beach, Downtown West Palm Beach, Clematis Street, Norton Museum, Antique Row, beaches, shopping and I-95. Roof replaced in 2014. Excellent investment opportunity in a highly desirable location. PLEASE DO NOT WALK THE PROPERTY OR DISTURB TENANTS.
Location
West Palm Beach, Florida 33405
Property features
Property
- Property size:
442 m² (4,756 ft²) - Features: Courtyard
Construction
- Year built: 1955
- Roofing: Composition/shingleShingle
- Exterior: Stucco
Interior Features
- Floors: TileCeramic Tile
Exterior Features
- Outdoor spaces: Courtyard
- Carport spaces:
recreational
- recreational: Barbeque
Heating and Cooling
- Heating System: Central
- Cooling System: Ceiling FanCentral AC
Utilities
- Other utilities: SewerPublicPublic Sewer
Community
School information
- High School: Forest Hill Community
- Middle School: Conniston
- Elementary School: South Olive