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308 Northlake Dr
North Palm Beach, FL 33408
SIX UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY · Multifamily Property For Sale · 6 Units

Property Facts

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.28 AC
Building Size 5,605 SF
Average Occupancy 100%
No. Stories 2
Year Built 1959
Parking Ratio 1.5/1,000 SF
Zoning R3, North Palm Beach

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Dock
  • Freezer
  • Porch
  • Vinyl Flooring

Site Amenities

  • Dock

About 308 NORTHLAKE DR , NORTH PALM BEACH, FL 33408

PROPERTY HIGHLIGHTS: - 2- Two-Story CBS buildings with ±5,000 RSF located in the Village of North Palm Beach - Six (6) 2BR/1BA separately deeded Condo units allowing a new owner to Lease or Sell individual units - Six (6) Deeded Boat Slips give each unit its own slip with direct Intracoastal and Ocean access - Typical interior finishes include stainless steel appliances, wood laminate floors and granite countertops - Amenities include covered porches, a fenced courtyard with pool and nicely landscaped grounds - Each unit has its own individual central air and heat system. - Water views and ample natural lighting in all units through large sliding glass doors - Newly seal coated and striped onsite parking for each unit - Easy access to neighborhoods to the North and South of the property via I-95 at Northlake Boulevard OCEAN ACCESS: - Dock stringers and decking was completed replaced in 2017 which reduces maintenance for years. - Located one minute by boat from Lott Brothers Bait and Tackle with fuel dock conveniently eliminating long runs for fuel, ice and bait. - Situated on a protected waterway basin with no wake zone for protection of boats OPPORTUNITY HIGHLIGHTS: - One of the most unique waterfront multi-family investments on the market with a new owner having the opportunity to lease or sell individual units - Current Owner/New Owner controls and runs the condo association, which is in good standing. - Ideal for an owner who wants to live in a unit and have rent from units to offset mortgage payments - Take advantage of todays extraordinarily low interest rates making this an exceptional investment

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 - -

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 68-43-42-17-41-000-0010
  • 68-43-42-17-41-000-0050
  • 68-43-42-17-41-000-0030
  • 68-43-42-17-41-000-0060
  • 68-43-42-17-41-000-0020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,302,434
  • Listing ID: 18356834

  • Date on Market: 1/31/2020

  • Last Updated:

  • Address: 308 Northlake Dr, North Palm Beach, FL 33408

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