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1913 Division Ave 5 Unit Apartment Building $1,200,000 ($240,000/Unit) 5% Cap Rate West Palm Beach, FL 33407
Investment Highlights
- New Roof
- Recently Painted
- New AC System
Executive Summary
This well-maintained 5-unit multifamily property offers a strong investment opportunity in the rapidly growing West Palm Beach market. Located in a desirable residential neighborhood just minutes from downtown, major employment centers, beaches, and transit options, the building provides consistent rental demand and long-term upside.
The property features a mix of spacious 2- and three-bedroom units, each with functional layouts and steady rental history. Several units have been updated, and the building has been professionally managed. On-site amenities include private parking, a shared outdoor area, and individual utilities for most units, supporting lower operating costs.
Units have a brand-new AC system installed in 2025, and all units will be freshly painted.
With solid in-place income and room for value-add improvements, this asset is ideal for both new and seasoned investors seeking stable cash flow in one of South Florida’s most sought-after markets
The property features a mix of spacious 2- and three-bedroom units, each with functional layouts and steady rental history. Several units have been updated, and the building has been professionally managed. On-site amenities include private parking, a shared outdoor area, and individual utilities for most units, supporting lower operating costs.
Units have a brand-new AC system installed in 2025, and all units will be freshly painted.
With solid in-place income and room for value-add improvements, this asset is ideal for both new and seasoned investors seeking stable cash flow in one of South Florida’s most sought-after markets
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,800 | 650 |
| 3+1 | 1 | $2,000 | 750 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 74-43-43-16-10-010-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $724,910 |
Property Taxes
Parcel Number
74-43-43-16-10-010-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$724,910
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1913 Division Ave
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