4177 S Congress Ave - Apartments FOR SALE


Lake Worth, FL 33461- Outer Greenacres
$3,750,000 USD
561-779-1285
4177 S Congress Ave, Lake Worth, FL for Sale
$3,750,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

4177 S Congress Ave
Lake Worth, FL 33461
Outer Greenacres


HIGHLIGHTS

  • ALF 29 Bed or MF 16 Units
  • 2 Acres - Quiet location but in the heart of Palm Beach County right off Congress Ave
  • 1 Plus acres of additional land unused - for future expansion or sale
  • Location, Location, Location - Now with new generator, new water sprinkler system, fire alarm, hurricane shutters, floors, baths, kitchen.

OVERVIEW

MAJOR PRICE DROP! Recently converted to brand new 29 BED ALF with 1.2M upgrade, but still is also usable as a Multi Family. Comes now with new sprinkler system, common area, commercial kitchen , 2 bathrooms, offices, med room or a 3 -4 bed apartment plus 14 x 1 bed 1 bath units that is approved for 16 units Multifamily or 29 bed Assisted Living Facility. Zoned and certificate of completion for ALF is finished. Looking for operator to purchase / Lease the premises and run it either way. Great location, off congress, across from Palm Beach State University and tucked into a quiet corner off Congress. 2 Full Acres, with 1 ACRE unusable for possible future expansion. Great Curb appeal. Upgraded units, 150KW Generator for all Acs, New Acs, granite kitchens, new bathrooms, forest backyard, location location location. Rare opportunity for sale / Lease. Seller financing may be available to the right purchaser.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$345 USD /SF

# OF UNITS

16

PRICE/UNIT

$234,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Springs 16 unit MF on 2AC or ALF 29 bed

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,303 SF

ZONING

UI

APN/PARCEL ID

70-43-44-30-01-031-0030

ASK ABOUT THIS PROPERTY

Jacob DinovCharles Rutenberg RealtyMore Info
561-779-1285

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Jacob DinovCharles Rutenberg RealtyMore Info
561-779-1285

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