This Multifamily Property is no longer advertised on LoopNet.com.

253 Oleander Ave
Palm Beach, FL 33480
Araho Apartments · Multifamily Property For Sale · 8 Units

Property Facts

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.10 AC
Building Size 5,980 SF
Average Occupancy 100%
No. Stories 2
Year Built 1926
Zoning R-C, Palm Beach

About 253 OLEANDER AVE , PALM BEACH, FL 33480

Historically designated Palm Beach Island Investment opportunity. 8 spacious units all 1 Bed 1 Bath some with extra areas. Conveniently located, walking distance to the beach, Publix, world class shopping and the one of a kind Palm Beach Lifestyle. Originally constructed in 1926 6 units have new kitchens, new insta heat system, extensive plumbing and electrical upgrades. Building is 100% occupied. The Gross rent is $166,200 total expenses are $27,911 for a net income of $138,289 for a 4.32% CAP.Updated financials attached.Easy to show. Palm Beach Island Take Flagler Memorial Bridge East to S County Rd make a left and a left on Oleander.

Property Taxes

Property Taxes

Parcel Number
50-43-43-15-05-000-0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,778,222
  • Listing ID: 7335377

  • Date on Market: 5/22/2017

  • Last Updated:

  • Address: 253 Oleander Ave, Palm Beach, FL 33480

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