2649 Lake Dr - Apartments FOR SALE


Riviera Beach, FL 33404
$9,490,000 USD
561-685-7371
2649 Lake Dr, Riviera Beach, FL for Sale
$9,490,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

2649 Lake Dr
Riviera Beach, FL 33404


HIGHLIGHTS

  • 90% Occupied. Gross Annual Income = $283,200. 7 condos = $195,600. 8 Boat Slips = $87,600

OVERVIEW

Imagine owning a luxury waterfront property where the world...literally...dives in!! This rare gem is a boaters paradise with 7 condos and 8 boat slips/lifts in a private marina, all FULLY renovated and upgraded from top to bottom with unprecedented wide intracoastal views. Located on the magnificent Singer Island, intracoastal side just a few short breaths away from The Top 10 Globally Recognized Shallow Water Dive Spots. Just minutes from Palm Beach Island and 15 minutes to PBI airport, this one of a kind community has a brand new metal roof and all new impact windows/doors and fully renovated in 2023. All condos boast new kitchens, appliances, bathrooms, hvac and flooring. Fully fenced and secured!

FOR SALE DETAILS

PRICE

$9,490,000 USD

PRICE/SF

$1,348 USD /SF

# OF UNITS

7

PRICE/UNIT

$1,355,714

CAP RATE

Request Cap Rate

% 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

1973

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

Multifamily/Hotel

APN/PARCEL ID

56-43-42-27-20-000-1010,56-43-42-27-20-000-1020,56-43-42-27-20-000-1030,56-43-42-27-20-000-1040,56-43-42-27-20-000-2010,56-43-42-27-20-000-2020,56-43-42-27-20-000-2030,56-43-42-27-20-000-2040

ASK ABOUT THIS PROPERTY

Jeremy HowardINLET PropertiesMore Info
561-685-7371

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Jeremy HowardINLET PropertiesMore Info
561-685-7371

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