715 7th St
West Palm Beach, FL 33401
Violet Apartments · Multifamily Property For Sale
·
18 Units
Property Facts
| No. Units | 18 | Building Size | 12,480 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2017 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 0.43 AC | ||
| Zoning | MF-20, West Palm Bch | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 12,480 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2017 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | MF-20, West Palm Bch |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Range
Site Amenities
- Video Patrol
- Gas Range
- Community-Wide WiFi
About 715 7TH ST , WEST PALM BEACH, FL 33401
The Violet Apartments is the largest multifamily building in the rapidly gentrifying Northwest District in Downtown West Palm Beach adjacent to the brand-new community center on the corner lot off 7th Street and Division Avenue. This low maintenance property consisting of 18 two-bedrooms one-bathroom units, individually metered for all utilities, has been meticulously renovated over the past 3 years. Current ownership has strategically kept rental rates remarkably affordable, creating one of the best value add investment opportunities in West Palm Beach with over 25% achievable upside in rent. This incredible opportunity is nested within walking distance of the County’s Courthouse, City’s Police-Station, Brightline’s Train-Station, Clematis and CityPlace Entertainment district in Downtown West Palm Beach.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | $775.00 | 700 |
Property Taxes
| Parcel Number | 74-43-43-16-01-002-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,702,614 |
Property Taxes
