Palm Beach County Two Story Apartment Building For Sale

Business description

Palm Beach County,Two Story Apartment Building For Sale For $975,000. 16 Units--almost 100% occupied--one vacancy and over 17% Return on Investment (ROI)! This fee simple property covers13,500 sq.ft and is on 0.31 acres. The property was built in 1970 and is of a solid block structure with concrete floors and painted stucco with decorative brick accents on the exterior. There is direct access into each unit via an exterior walkway; the second-floor walkway is accessed via two exterior concrete stairways. The interior features include ceramic tile and carpet with ceiling heights 7.5’ to 8.5’.Each unit is approximately 525sq.ft and has one bedroom and one bath and HVAC: wall and window units. There is ample parking with 17 parking spaces. Two laundry rooms are conveniently situated on the premises. The apartment units and property are well maintained and clean and so are the grounds with its lush green common area. The area is zoned for mixed use--office--residential. Good investment--call for more details.
.

Property information

Real Estate:

Real Property Included

Living accommodation:

16 one bedroom, one bathroom units

Location:

Located in a good neighborhood that is bordered by a major highway to the west and the Intracoastal Waterway to the east in Palm Beach County, Florida. In recent years, the neighborhood has experienced revitalization, is nearly fully developed and is stable. Owner is pleased to say it has only one vacancy! Call for more details.

Premises details:

This fee simple property covers13,500 sq.ft and is on 0.31 acres. The property was built in 1970 and is of a solid block structure with concrete floors and painted stucco with decorative brick accents on the exterior. There is direct access into each unit via an exterior walkway; the second-floor walkway is accessed via two exterior concrete stairways. The interior features include ceramic tile and carpet with ceiling heights 7.5’ to 8.5’.Each unit is approximately 525sq.ft and has one bedroom and one bath and HVAC: wall and window units. There is ample parking with 17 parking spaces. Two laundry rooms are conveniently situated on the premises.

Other information

Competition / Market:

No concerns

Support & training:

As may be required

Reasons for selling:

Other business interests