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Bayberry Apartments 1 Multifamily Properties Offered at $2,950,000 in Lake Park, FL
Investment Highlights
- 16 Units Across Two Contiguous Parcels Totaling Approximately 0.79 Acres
- Impact Windows and Central A/C Installed Throughout the Majority of the Property
- Close Proximity to all Major Area Retailers
- Excellent Unit Mix Consisting of Spacious 1- and 2-Bedroom Floor Plans
- Located Near Us-1, Northlake Boulevard, And I-95 With Access To Palm Beach Gardens And Downtown West Palm Beach
Executive Summary
Marcus & Millichap is pleased to present Bayberry Apartments, a 16-unit multifamily investment opportunity located across two contiguous parcels at 218 7th Street and 710 Bayberry Drive in Lake Park, Florida. The offering consists of a 12-unit apartment building constructed in 1975 totaling approximately 10,486 square feet situated on 0.47 acres, and a four-unit building constructed in 1958 totaling approximately 2,781 square feet on 0.32 acres, for a combined site area of approximately 0.79 acres. Both buildings are constructed of concrete block.
The property features a unit mix consisting of eleven (11) one-bedroom / one-bathroom units, four (4) two-bedroom / one-and-a-half bathroom units and one (1) two bedroom / two-bathroom units serviced by a combination of central air conditioning and window-unit systems. The 12-unit building is improved with a flat roof structure, while the four-unit building features a pitched composite shingle roof.
Bayberry Apartments is located in the Town of Lake Park in northern Palm Beach County, with convenient access to major transportation corridors including U.S. Highway 1, Northlake Boulevard, and Interstate 95. The property’s location provides connectivity to the surrounding employment and retail centers of Palm Beach Gardens, Riviera Beach, and Downtown West Palm Beach. The immediate area offers a variety of shopping, dining, and waterfront amenities along the Intracoastal Waterway.
Bayberry Apartments presents investors with the opportunity to acquire a 16-unit multifamily asset positioned across two parcels in a well-connected Palm Beach County location with access to major economic drivers and regional demand centers.
The property features a unit mix consisting of eleven (11) one-bedroom / one-bathroom units, four (4) two-bedroom / one-and-a-half bathroom units and one (1) two bedroom / two-bathroom units serviced by a combination of central air conditioning and window-unit systems. The 12-unit building is improved with a flat roof structure, while the four-unit building features a pitched composite shingle roof.
Bayberry Apartments is located in the Town of Lake Park in northern Palm Beach County, with convenient access to major transportation corridors including U.S. Highway 1, Northlake Boulevard, and Interstate 95. The property’s location provides connectivity to the surrounding employment and retail centers of Palm Beach Gardens, Riviera Beach, and Downtown West Palm Beach. The immediate area offers a variety of shopping, dining, and waterfront amenities along the Intracoastal Waterway.
Bayberry Apartments presents investors with the opportunity to acquire a 16-unit multifamily asset positioned across two parcels in a well-connected Palm Beach County location with access to major economic drivers and regional demand centers.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,950,000 | Number of Properties | 2 |
| Price / SF | $265.77 / SF | Individually For Sale | 0 |
| Cap Rate | 6.60% | Total Building Size | 11,100 SF |
| Sale Type | Investment | Total Land Area | 0.47 AC |
| Status | Active |
| Price | $2,950,000 |
| Price / SF | $265.77 / SF |
| Cap Rate | 6.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,100 SF |
| Total Land Area | 0.47 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 218 7th St, Lake Park, FL 33403 | Multifamily | 11,100 SF | 1975 | - |
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River Rhoads -
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Cory Sanchez -
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