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4610 Hairland Dr, West Palm Beach 4610 Hairland Dr 1 Unit Apartment Building $765,000 ($765,000/Unit) 7.27% Cap Rate West Palm Beach, FL 33415
INVESTMENT HIGHLIGHTS
- Central A/C in all units for tenant comfort and higher rental appeal.
- Each unit has a washer and dryer hookup.
- Separate water and electric meters for each unit, offering simplified management and reduced operating costs.
- Prime location near S. Military Trail and Forest Hill Blvd, surrounded by supermarkets, restaurants, and retail stores.
EXECUTIVE SUMMARY
This is an exceptional opportunity to acquire a fully leased triplex featuring two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The property offers peace of mind with a roof that is only three years old and central air conditioning in every unit. Each unit also has separate water and electric meters, providing easy management and lower operating costs. Ideally located just off S. Military Trail and Forest Hill Blvd, the property is surrounded by supermarkets, restaurants, and retail centers, ensuring consistent tenant demand and long-term value for investors.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$68,400
|
$27.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$68,400
|
$27.38
|
| Taxes |
$6,765
|
$2.71
|
| Operating Expenses |
$6,000
|
$2.40
|
| Total Expenses |
$12,765
|
$5.11
|
| Net Operating Income |
$55,635
|
$22.27
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $68,400 |
| Annual Per SF | $27.38 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $68,400 |
| Annual Per SF | $27.38 |
| Taxes | |
|---|---|
| Annual | $6,765 |
| Annual Per SF | $2.71 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $2.40 |
| Total Expenses | |
|---|---|
| Annual | $12,765 |
| Annual Per SF | $5.11 |
| Net Operating Income | |
|---|---|
| Annual | $55,635 |
| Annual Per SF | $22.27 |
PROPERTY FACTS
| Price | $765,000 | Building Class | C |
| Price Per Unit | $765,000 | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 2,498 SF |
| Cap Rate | 7.27% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.18 | No. Stories | 1 |
| No. Units | 1 | Year Built | 1975 |
| Property Type | Multifamily | Parking Ratio | 2.4/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $765,000 |
| Price Per Unit | $765,000 |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| Gross Rent Multiplier | 11.18 |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 2,498 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1975 |
| Parking Ratio | 2.4/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Bicycle Storage
- Zen Garden
- Walk-Up
- Smoke Detector
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4610 Hairland Dr, West Palm Beach | 4610 Hairland Dr
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