1913 Division Ave - Apartments FOR SALE


West Palm Beach, FL 33407- North Tamarind
$1,200,000 USD
561-577-0799
1913 Division Ave, West Palm Beach, FL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/11
null | 5% Cap Rate

1913 Division Ave
West Palm Beach, FL 33407
North Tamarind


HIGHLIGHTS

  • New Roof
  • New AC System
  • Recently Painted

OVERVIEW

This well-maintained 5-unit multifamily property offers a strong investment opportunity in the rapidly growing West Palm Beach market. Located in a desirable residential neighborhood just minutes from downtown, major employment centers, beaches, and transit options, the building provides consistent rental demand and long-term upside. The property features a mix of spacious 2- and three-bedroom units, each with functional layouts and steady rental history. Several units have been updated, and the building has been professionally managed. On-site amenities include private parking, a shared outdoor area, and individual utilities for most units, supporting lower operating costs. Units have a brand-new AC system installed in 2025, and all units will be freshly painted. With solid in-place income and room for value-add improvements, this asset is ideal for both new and seasoned investors seeking stable cash flow in one of South Florida’s most sought-after markets

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$324 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,754 SF

ZONING

0810 - Mfr 5 To 9 Units

APN/PARCEL ID

74-43-43-16-10-010-0010

ASK ABOUT THIS PROPERTY

Dwayne BarrettIbero Property Management & Real Estate ServicesMore Info
561-577-0799

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Dwayne BarrettIbero Property Management & Real Estate ServicesMore Info
561-577-0799

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