518 Biscayne Dr - Apartments FOR SALE


West Palm Beach, FL 33401
$1,250,000 USD
561-600-5350
518 Biscayne Dr, West Palm Beach, FL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/28
null | 5.5% Cap Rate

518 Biscayne Dr
West Palm Beach, FL 33401


HIGHLIGHTS

  • Roof replaced in 2014 (flat roof) and bottom barrel tile roof recently updated
  • PVC and cast iron plumbing, with much of the original plumbing upgraded to PVC
  • Electrical systems modernized with Siemens electrical panels and updated wiring
  • In-unit Washer & Dryer, Tankless Water Heaters for on-demand hot water, and Central AC in each unit, offering convenience, efficiency, and year-round
  • High Ceilings in each unit, enhancing the living space
  • Large Backyard providing ample outdoor space for tenants

OVERVIEW

Located in Flamingo Park, a historic neighborhood, 518 Biscayne Drive offers a prime location with easy access to Downtown West Palm Beach top attractions and amenities. Flamingo Park is one of the most desirable neighborhoods in West Palm Beach and known for its abundance of amenities in walking distance. Walk or take a short bike ride to Howard Park, the Armory Art Center, Grato, Table 26, The Greene School, Composition Coffee, Hive, Civil Society Brewing, and the Norton Museum, among the many destinations nearby. Favorable financing is available for owner-occupants, with as little as 5% downpayment, and rental income from the units can be used to help qualify for the loan. **Please review the PDF Offering Memo. It contains information on touring, buyer qualifications, and the offering process. Thank you. **

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

518 Biscayne Drive

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

SF14-C2

APN/PARCEL ID

74-43-43-28-06-019-0030

ASK ABOUT THIS PROPERTY

Jesse Bailey49 UNITS LLCMore Info
561-600-5350

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

Jesse Bailey49 UNITS LLCMore Info
561-600-5350

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