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5901 Broadway
West Palm Beach, FL 33407
 Multifamily Property For Sale · 9 Units

Apartment Buildings Florida West Palm Beach 5901 Broadway, West Palm Beach, FL 33407

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INVESTMENT HIGHLIGHTS

  • The property is zoned Multi Family and commercial and there is the optionality to develop up to 30 units.

EXECUTIVE SUMMARY

Located in the new opportunity zone of the city of west palm beach, Broadway Mixed-Use Development(BMUD)
https://envisionbroadwayboulevard.com/

PROPERTY FACTS

Price Per Unit $184,556 Apartment Style Low-Rise
Sale Type Investment Building Class B
Cap Rate 6.58% Lot Size 0.34 AC
Sale Condition Redevelopment Project Building Size 2,950 SF
Gross Rent Multiplier 12.05 Average Occupancy 100%
No. Units 9 No. Stories 1
Property Type Multifamily Year Built/Renovated 1930/2018
Property Subtype
Apartment
  • Multifamily Dormitory
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning BMUD- II—BROADWAY MIXED U - Comercial Mixed used
Price Per Unit $184,556
Sale Type Investment
Cap Rate 6.58%
Sale Condition Redevelopment Project
Gross Rent Multiplier 12.05
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.34 AC
Building Size 2,950 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1930/2018
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning BMUD- II—BROADWAY MIXED U - Comercial Mixed used

AMENITIES

UNIT AMENITIES

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

PROPERTY TAXES

Parcel Number 74-43-43-04-08-066-0010 Improvements Assessment $0
Land Assessment $0 Total Assessment $274,253

PROPERTY TAXES

Parcel Number
74-43-43-04-08-066-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$274,253
 

  • Listing ID: 37388586

  • Date on Market: 8/22/2025

  • Last Updated:

  • Address: 5901 Broadway, West Palm Beach, FL 33407

More public record information on 5901 Broadway, West Palm Beach, FL 33407

The North Palm Beach Multifamily Property at 5901 Broadway, West Palm Beach, FL 33407 is currently available. Contact Tomazini Group, LLC for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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5901 Broadway, West Palm Beach, FL for sale Plat Map- Image 13 of 14
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