For further information and a copy of the Offering Memorandum and financials please contact the listing agent Evan Richardson 954-245-3501 or 954-871-3822.
Cambridge Apartment Homes is a 16 unit apartment community located in the densely populated city of Greenacres which is in Palm Beach County, Florida. The property consists of eight (8) two-bedroom/two-and-one half-bathroom, two-story detached townhomes of 1,216 square feet and eight (8) one-bedroom/one-bathroom, single-story detached apartment homes. The property was built in 2008 and was developed with high end finishes including granite countertops, tile flooring and stainless steel appliances. Each unit also has central air conditioning, private back yards and ample parking for tenants and guests. Due to all units being separately metered for both water and electric, the asset is operated with minimal landlord expenses and responsibilities.
Located on both Cambridge Street and Springfield Street the property sits east of Haverhill Road, west of South Military Trial, south of 10th Avenue North and north of Lake Worth Road. The asset is also conveniently situated between two major highways, Interstate 95 and Florida's Turnpike. The property also benefits from being located minutes from numerous employment generators/economic drivers such as Palm Beach State College and John F. Kennedy Medical Center.
Cambridge Apartment Homes provide an investor the opportunity to purchase a newer built turn-key cash flowing property with limited landlord expenses and responsibilities being offered for sale at approximately a 6.25 percent capitalization rate.
