1530 Crescent Cir - Apartments FOR SALE


West Palm Beach, FL 33403
$2,600,000 USD
561-212-4640
1530 Crescent Cir, West Palm Beach, FL for Sale
$2,600,000 USD
Apartments - FOR SALE
1/46
null | 5.91% Cap Rate

1530 Crescent Cir
West Palm Beach, FL 33403


OVERVIEW

Exceptional opportunity to acquire a 10,000 SF, 8-unit multifamily property in the highly desirable Lake Park area, just minutes from vibrant Downtown West Palm Beach and the Intracoastal. Featuring 7- 3 bedroom/2 bathroom and 1- 2 bedroom/1 bathroom apartments, this concrete block construction building has been fully renovated, with updated interiors, modern finishes, units separately metered, central AC and a brand-new roof (2025). Amenities include on-site laundry, 12 dedicated parking spaces, and strong tenant appeal. With a net income of $154,000 and priced at under $260 per SF, this asset offers both solid cash flow and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

8

PRICE/UNIT

$325,000

CAP RATE

5.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,950 SF

ZONING

R2

APN/PARCEL ID

36-43-42-21-03-135-0010

ASK ABOUT THIS PROPERTY

Ben LipkinLiv Real Estate GroupMore Info
561-212-4640

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Ben LipkinLiv Real Estate GroupMore Info
561-212-4640

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