115 Inlet Way | Palm Beach Shores, FL 33404
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- LoopNet Team
115 Inlet Way
Palm Beach Shores, FL 33404
Multifamily & Hotel Zoning · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Rare opportunity to purchase an income producing asset in Palm Beach Shores. Property is grandfathered in for hotel / motel / short-term rentals
- Zoning allows for multifamily and hotel use. Great potential for Airbnb / Vacation Rental
- Short term leases remaining for existing tenants, getting the property ready for a complete renovation project once the property is vacant.
- Offered at just $243,750 per door, nearby properties are selling for over $350,000 per door with fewer units.
- Huge upside through updating and renovation, or through re-development & filling up vacancy.
PROPERTY FACTS
| No. Units | 24 | Lot Size | 0.50 AC |
| Property Type | Multifamily | Building Size | 9,368 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Building Class | C | Parking Ratio | 2.03/1,000 SF |
| Zoning | B - Zoned for Multifamily, Hotel, Motel | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 9,368 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 2.03/1,000 SF |
| Zoning | B - Zoned for Multifamily, Hotel, Motel |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | - |
| 1+1 | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 54-43-42-27-04-000-0030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,220,825 |
PROPERTY TAXES
Parcel Number
54-43-42-27-04-000-0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,220,825
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