445 Brazilian Ave - Apartments FOR SALE


Palm Beach, FL 33480- Casa Del Lago
$13,950,000 USD
917-664-0720
445 Brazilian Ave, Palm Beach, FL for Sale
$13,950,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

445 Brazilian Ave
Palm Beach, FL 33480
Casa Del Lago


OVERVIEW

Rare opportunity to own land or a commercial multi-family property in the heart of Palm Beach. Situated on a 9,000+ SF lot on the highly coveted 400 Block of Brazilian Ave. on the North Side of the street, this property offers exceptional flexibility: keep it as an income-generating, multi-family complex with 14 beautifully updated units (12 studio apartments and 2 one-bedroom apartments, all renovated between 2017 and 2021), or start fresh and build new in one of the most desirable locations in Palm Beach. Centrally located around world-class cultural institutions, renowned restaurants, boating docks, pristine beaches, and the iconic Lake Trail, this property enjoys an unmatched location. With the ocean to the east and the Intracoastal to the west, it offers unparalleled access to everything tenants or future owners could desire. Don't miss this rare opportunity to invest, develop, or reimagine in the heart of Palm Beach!

FOR SALE DETAILS

PRICE

$13,950,000 USD

PRICE/SF

$1,661 USD /SF

# OF UNITS

14

PRICE/UNIT

$996,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,017 SF

ZONING

R-C

APN/PARCEL ID

50-43-43-23-05-001-0040

ASK ABOUT THIS PROPERTY

Christopher LeavittDouglas EllimanMore Info
917-664-0720

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Christopher LeavittDouglas EllimanMore Info
917-664-0720

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