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Multifamily 75 Unit Portfolio in Palm Beach County

$5,000,000

Overview

Property ID: 22520

Description

Green Tree Commercial is pleased to present 75 units multi-family and single-family property composed of two parcels directly across from each other.  The property represents an extraordinary investment opportunity to acquire a unique residential community in the western communities of Palm Beach County, Florida. The property is zoned R-2, which allows for single family up to four family (quadplex) buildings, and there is room to build more, plus an adjacent 1.97-acre land parcel which is included in the sale and would allow for further development.

This rental property is one of the largest rental communities in the area.   The complex is made up of 1, 2 and 3 bedrooms, with primarily 2-bedroom units, with very little competition. In addition, a million-dollar water treatment plant was built by the property owner to service the community. ID#22520

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