4338 Forest Rd - Apartments FOR SALE


West Palm Beach, FL 33406
$1,200,000 USD
561-789-7726
4338 Forest Rd, West Palm Beach, FL for Sale
$1,200,000 USD
Apartments - FOR SALE
1/59
null | 5.97% Cap Rate

4338 Forest Rd
West Palm Beach, FL 33406


HIGHLIGHTS

  • QUADPLEX PLUS LAND LOT!
  • The property is 100% occupied with great tenants, generating a super strong cap rate!
  • The city’s downtown is a bustling area with high-rise condos, office towers, and retail spaces.

OVERVIEW

Exceptional investment opportunity! QUADPLEX PLUS LAND LOT! This updated quadplex with no HOA offers impact windows throughout plus separate water & electric meters for each unit. The property is 100% occupied with great tenants, generating a super strong cap rate! Included in the sale is the adjacent vacant land lot 0 Preston Dr, bringing the total combined lot size to over half an acre. This prime land unlocks tremendous upside potential for future development, additional units, or value-add opportunities in a high-demand rental market. Key Highlights of West Palm Beach: Downtown & Business Hub: The city’s downtown is a bustling area with high-rise condos, office towers, and retail spaces. Clematis Street and The Square (formerly City Place) are popular destinations for dining, shopping, and nightlife. Cultural Scene: Home to the Kravis Center for the Performing Arts, Norton Museum of Art, and numerous galleries, West Palm Beach has a strong arts and entertainment presence. Waterfront & Outdoor Activities: With direct access to the Intracoastal Waterway, the city offers boating, fishing, and watersports. The scenic Flagler Drive provides beautiful views of Palm Beach and the water. Luxury & Historic Neighborhoods: The city boasts exclusive waterfront estates, modern high-rises, and charming historic neighborhoods like Flamingo Park and El Cid. Events & Festivals: It hosts annual events such as SunFest (Florida’s largest waterfront music festival), the Palm Beach International Boat Show, and the Green Market. Proximity to Palm Beach: Just across the bridge from the ultra-luxurious island of Palm Beach, residents and visitors enjoy access to world-class shopping on Worth Avenue, fine dining, and elite country clubs. Real Estate & Investment: The market features a mix of luxury condos, single-family homes, and commercial real estate opportunities, making it a strong area for investment. West Palm Beach combines the excitement of a big city with the relaxation of a waterfront destination, making it an ideal place for residents, businesses, and investors alike. Let me know if you need insights on real estate opportunities in the area! Whether you're looking for steady rental income, expansion opportunities, or a high-performing asset in a sought-after location, this property checks all the boxes. Don't miss out on this rare multifamily + land package!

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

5.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4338 Forest Road. West Palm Beach, 4 Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM

APN/PARCEL ID

00-42-44-12-02-000-0631

ASK ABOUT THIS PROPERTY

David JosephThe Keyes CompanyMore Info
561-789-7726

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David JosephThe Keyes CompanyMore Info
561-789-7726

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