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809 - 813 20th Street - West Palm Beach Villas, West Palm Beach, FL

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809 - 813 20th Street - West Palm Beach Villas

West Palm Beach, FL 33407-5704 - North Tamarind MF Submarket

Property Type:Multi-Family Number of Units:16 Status:Existing Year Built:1954
Stories:1 Building Size:5,800 SF Land Area:.25 AC (10,890 SF)
For Sale Price:$1,775,000 Price/Unit:$110,937.50 Cap Rate:8.08 % GRM:-

Parking:.77 Parking Spaces / 1,000 SF

Sale Notes:
Featuring a host of updates and a central location convenient to Downtown West Palm, area beaches, and all major local
employment and commerce hubs, this 30 unit group of updated and stabilized units presents an excellent opportunity for the
multifamily investor. With an easily lease-able mix of 2 bedrooms, one bedrooms, and efficiency units nearly all renovated
with tenants on long term leases, West Palm Beach Villas brings to bear strong cash flow and excellent long term upside as an
investment property.
Each building features full CBS construction, 16 in tile flooring, new cabinets and countertops, bathroom fixtures, and fully
painted/updated interior/exterior, and in most cases, off-street parking (with re-surfaced and restriped lots). Units are all
individually sub-metered for both water and electricity, meaning that there is no water or electric utility expense to the owner.

The Goldstein Group
Martin Goldstein
(561) 310-0935

Russell Goldstein
(561) 503-3648

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