Gardens Trail 8 Multifamily Properties Offered at $3,750,000 in Palm Beach Gardens, FL

GARDENS TRAIL is a Value Add investment rarely found in Palm Beach Gardens, FL. Property consists of 8 fully leased townhomes of 1,411 sf, individually deeded on a major road and proximity to shopping and city amenities. It provides an investor a consistent cash flow stream by offering a stabilized tenant base with several tenants being esidents at the property for an average of 10 years. Additionally, an investor can generate income growth by eventually converting lower-rent tenants to market rates, which will significantly increase the property's operating income. GARDENS TRAIL's premier location, contemporary look, stable tenancy, and rental upside provide an ideal investment opportunity in a dense suburban location with excellent demographics.
Each unit consists of 2 BR, 2 BA, LR/DR, Kitchen, covered patio, 1 car garage and 2 parking spots. There are several visitor parking spaces in the complex. Front side windows are double pane to keep the noise down to a minimum and the back side overlooks a fresh water fishing canal. Minutes to shopping, I-95, Turnpike and Gardens Mall. Walking distance to city's parks and recreation with full amenities.
With minor capital expenditure in upgrades and remodels the annual rental income can increase by 20%-25%. In addition, these units can also be upgraded and renovated and placed for sale in the market since they have separate folio numbers. Owner financing available. Offering Memorandum is available for review by registering your name and contact info.