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Multifamily 30 Unit in Palm Beach County

$1,750,000

Overview

Property ID: 22580

Description

Green  Tree Commercial is pleased to present multifamily property composed of 30 units on  corner lot with an additional  parking lot (included in sale) west of the building.  The one bedroom units will be leased for $650 and the two bedrooms units will be leased for $700-$800.  Building is  fully renovated. The units have brand new kitchen, bathrooms, central A/C’s and interior and exterior paint. Property is located in an opportunity zone, built in 1965 and 100% of the units are being renovated. This is a rare true value-add asset in the supply-constrained, high barrier-to-entry South Florida rental market. Residents will pay their electricity and water; units have individual water and electric meters. ID#22580

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