1655 Florida Mango Rd - Apartments FOR SALE


West Palm Beach, FL 33406
$2,350,000 USD
561-693-3361
1655 Florida Mango Rd, West Palm Beach, FL for Sale
$2,350,000 USD
Apartments - FOR SALE
1/28
null | 5.55% Cap Rate

1655 Florida Mango Rd
West Palm Beach, FL 33406


HIGHLIGHTS

  • On-site coin laundry with two newer machines generates additional income
  • Long-term tenants provide stable occupancy and consistent cash flow
  • Below-market rents offer strong upside potential through rent adjustments
  • Excellent investment opportunity in West Palm Beach with value-add potential
  • Landlord covers water and common area expenses

OVERVIEW

Excellent investment opportunity featuring a 12-unit multifamily property with all 1-bedroom, 1-bathroom units. Each unit has a separate electric meter; the landlord pays for water, common area electric, and lawn maintenance. On-site coin laundry with two newer washers and dryers provides additional income. Most tenants are long-term with below-market rents, offering strong upside potential.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

12

PRICE/UNIT

$195,833

CAP RATE

5.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

RH, County

APN/PARCEL ID

00-43-44-08-17-000-0092

ASK ABOUT THIS PROPERTY

Albert PavonPavon Realty Group, LLCMore Info
561-693-3361

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Albert PavonPavon Realty Group, LLCMore Info
561-693-3361

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