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Tamarind Apartments 3 Multifamily Properties Offered at $3,800,000 in West Palm Beach, FL
INVESTMENT HIGHLIGHTS
- Opportunity to Acquire 3 Fully Occupied, Value-Add Multifamily Asset in Rapidly Growing West Palm Beac
- CAPEX Include: Updated Kitchens, Flooring, Bathrooms, Electrical Panels, Hot Water Heaters, Parking Resurfacing, Painted Weather Sealed
- Potential Opportunity for an Assumable interest-only loan of $1.718M at a 4.67% interest rate, with approximately 7 years remaining
- Property Has Been Owned and Operated by Current Owner for Over 7 Years
- Diverse Unit Mix and Spacious Units Consisting Of (3) Studios, (5) 1 Bed 1 Bath, (12) 2 Bed 1 Bath, (1) 3 Bed 1 Bath
- Located East Of I-95 Just South of Palm Beach Lakes Blvd and Okeechobee Blvd Providing Easy Access to Downtown West Palm Beach.
EXECUTIVE SUMMARY
Discover an exceptional investment opportunity at Tamarind Apartments, a multi-family gem in the sought-after West Palm Beach area. This impressive 15,477 SF portfolio, spanning 3 properties on a combined 0.48 acres and featuring 21 + 1 Non Conforming unit, perfectly positioned for investors seeking a prime addition to their portfolio. Built
with historic charm and zoned NWD 5 + NWD 1, this property presents a blend of timeless character and modern potential. With 100% occupancy, this investment promises
immediate returns and long-term growth potential.
The property's strong occupancy rate reflects its desirability and stability in the market, offering investors a secure and lucrative opportunity. The well-maintained buildings and their attractive unit layouts make it an appealing choice for multifamily/low-rise/garden investors looking to maximize their investment in the flourishing West Palm Beach real estate market.
In addition to its impressive occupancy rate and prime location, the property's historical significance and unique character contribute to its allure. The timeless architectural
features and well-maintained structures create a sense of enduring value, making it an attractive investment for those seeking a property with a rich heritage and enduring.
with historic charm and zoned NWD 5 + NWD 1, this property presents a blend of timeless character and modern potential. With 100% occupancy, this investment promises
immediate returns and long-term growth potential.
The property's strong occupancy rate reflects its desirability and stability in the market, offering investors a secure and lucrative opportunity. The well-maintained buildings and their attractive unit layouts make it an appealing choice for multifamily/low-rise/garden investors looking to maximize their investment in the flourishing West Palm Beach real estate market.
In addition to its impressive occupancy rate and prime location, the property's historical significance and unique character contribute to its allure. The timeless architectural
features and well-maintained structures create a sense of enduring value, making it an attractive investment for those seeking a property with a rich heritage and enduring.
PROPERTY FACTS
| Price | $3,800,000 | Number of Properties | 3 |
| Price / SF | $145.90 / SF | Individually For Sale | 0 |
| Cap Rate | 6.02% | Total Building Size | 26,046 SF |
| Sale Type | Investment | Total Land Area | 0.48 AC |
| Status | Active |
| Price | $3,800,000 |
| Price / SF | $145.90 / SF |
| Cap Rate | 6.02% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 26,046 SF |
| Total Land Area | 0.48 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Princeton Apartments 22 units
919 6th St, West Palm Beach, FL 33401 |
Multifamily | 15,177 SF | 1964 | - |
| 700 Tamarind Ave, West Palm Beach, FL 33401 | Multifamily | 7,464 SF | 1952 | - |
| 925 6th St, West Palm Beach, FL 33401 | Multifamily | 3,405 SF | 1964 | - |
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