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2708 Broadway, West Palm Beach, FL

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2708 Broadway

West Palm Beach, FL 33407-5433 - Northwood MF Submarket

Property Type:Multi-Family Number of Units:11 Status:Existing Year Built:1951
Stories:1 Building Size:3,187 SF Land Area:.45 AC (19,733 SF)
For Sale Price:$625,000 Price/Unit:$56,818.18 Cap Rate:8.06 % GRM:-

Portfolio:This property is for sale (for $1,500,000) as part of a portfolio of 2 properties.
Parking:5.65 Parking Spaces / 1,000 SF

Sale Notes:
2708 Broadway Apartments consists of 11-units with direct frontage on Broadway in the heart of West Palm Beach that have undergone extensive renovations completed in September 2016, including but not limited to: new roof, new flooring, new exterior paint, updated kitchens and bathrooms, etc. This asset is currently providing a strong positive cash flow and simultaneously offers immediate value-add opportunities and long term upside. All units are currently individually metered for electricity. Tremendous upside for this investment for redevelopment as the property could be redeveloped as a 3-story office or 3-story multifaily apartment building without any density limitation and very favorable parking requirements.

The Goldstein Group
Valerie Enlow
(561) 310-0935

Martin Goldstein
(561) 310-0935

Russell Goldstein
(561) 503-3648

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