3723 Morton Ave - Apartments FOR SALE


West Palm Beach, FL 33405
$1,300,000 USD
561-725-4529
3723 Morton Ave, West Palm Beach, FL for Sale
$1,300,000 USD
Apartments - FOR SALE
1/22
null | 6.5% Cap Rate

3723 Morton Ave
West Palm Beach, FL 33405


OVERVIEW

This is six cottages, 100% tenant occupied on annual leases. The property is zoned multi family (MF20) and there is the optionality to develop up to 9 units (.46 acres). See the diligence report in the documents section. Great West Palm Beach location close to Dixie Hwy and minutes to downtown, beach, I95, and shopping/dining.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,667

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,251 SF

ZONING

MF20

APN/PARCEL ID

74-43-43-33-29-008-0100

ASK ABOUT THIS PROPERTY

Scott AlexanderKanga Property ManagementMore Info
561-725-4529

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Scott AlexanderKanga Property ManagementMore Info
561-725-4529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.