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3874 7th Ave N
Lake Worth, FL 33461
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Concrete Block Construction With A Pitched Composite Shingle Roof
- Convenient Access To I-95, DJT (PBI) Airport, Downtown West Palm Beach, And Major Employment Centers
- Diverse Unit Mix Including Studio, 1-, 2-, And 3-Bedroom Floorplans
- Each Unit is Equipped with Hookups for Washer & Dryer
Executive Summary
Marcus & Millichap is pleased to present a six-unit multifamily property located at 3874 7th Avenue N in Palm Springs, Florida. Built in 1959, the property totals 4,827 gross square feet and is situated on a 0.64-acre lot. The property features concrete block construction with a pitched composite shingle roof, offering long-term durability and reduced maintenance. The property features a diverse unit mix consisting of 1 studio unit (427 SF), 1 one-bedroom/one-bathroom unit (650 SF), 2 two-bedroom/one-bathroom units (825 SF each), and 2 three-bedroom/one-bathroom units (1,050 SF each). The larger floorplans cater to a broad tenant base and continue to experience strong demand within the Palm Springs rental market.
Ideally located near Congress Avenue, Forest Hill Boulevard, and Interstate 95, the property offers convenient access to major employment centers throughout Palm Beach County. Residents are just minutes from Downtown West Palm Beach, Palm Beach International Airport, JFK Medical Center, and a variety of shopping, dining, and entertainment destinations.
Palm Springs continues to benefit from strong rental demand driven by its central location, limited multifamily inventory, and proximity to major employment, healthcare, and transportation hubs. The combination of a large site, spacious unit mix, and excellent accessibility positions the property for stable occupancy and long-term appreciation.
The Kirkview Apartments presents an opportunity to acquire a boutique multifamily asset in the heart of Palm Beach County, offering a desirable mix of unit sizes, durable construction, and long-term investment potential in an established rental market.
Ideally located near Congress Avenue, Forest Hill Boulevard, and Interstate 95, the property offers convenient access to major employment centers throughout Palm Beach County. Residents are just minutes from Downtown West Palm Beach, Palm Beach International Airport, JFK Medical Center, and a variety of shopping, dining, and entertainment destinations.
Palm Springs continues to benefit from strong rental demand driven by its central location, limited multifamily inventory, and proximity to major employment, healthcare, and transportation hubs. The combination of a large site, spacious unit mix, and excellent accessibility positions the property for stable occupancy and long-term appreciation.
The Kirkview Apartments presents an opportunity to acquire a boutique multifamily asset in the heart of Palm Beach County, offering a desirable mix of unit sizes, durable construction, and long-term investment potential in an established rental market.
Property Facts
| Price Per Unit | $191,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.51% | Lot Size | 0.64 AC |
| Gross Rent Multiplier | 9.54 | Building Size | 4,989 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Zoning | RH | ||
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| Gross Rent Multiplier | 9.54 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 4,989 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | RH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 650 |
| 2+1 | 2 | - | 825 |
| 3+1 | 2 | - | 1,050 |
| Studios | 1 | - | 427 |
Property Taxes
| Parcel Number | 70-43-44-19-10-000-0150 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $602,851 |
Property Taxes
Parcel Number
70-43-44-19-10-000-0150
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$602,851
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