618 6th St - Apartments FOR SALE


West Palm Beach, FL 33401- Downtown West Palm Beach
$2,500,000 USD
954-573-4449
618 6th St, West Palm Beach, FL for Sale
$2,500,000 USD
Apartments - FOR SALE
1/13
null | 6.97% Cap Rate

618 6th St
West Palm Beach, FL 33401
Downtown West Palm Beach


HIGHLIGHTS

  • Ideally located between the Nora District and City Place
  • 100% Renovated Units
  • In Unit Washer and Dryer
  • Impact windows
  • Off Street Parking
  • Desireable Unit Mix 100% 2 bedrooms 1 bathroom

OVERVIEW

The Northwest is fully renovated, eight-unit multifamily property located in West Palm Beach’s rapidly evolving Progressive Northwest District, one of the city’s most active redevelopment corridors. The property consists of eight spacious two-bedroom, one-bathroom residences, offering investors a turnkey asset with strong in place income, limited near-term capital needs, and long-term appreciation potential. Ideally positioned less than one mile from the transformative NORA District, the property is surrounded by significant public and private investment and is ust minutes from Downtown West Palm Beach, CityPlace (The Square), Clematis Street, the West Palm Beach Waterfront, Brightline Station, Palm Beach Island, Interstate 95, and Palm Beach International Airport. This highly connected location places residents at the center of the city’s premier dining, shopping, entertainment, employment, and transportation destinations.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$484 USD /SF

# OF UNITS

8

PRICE/UNIT

$312,500

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Northwest - 100% Reno - All 2br Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

NWD-R-C1

APN/PARCEL ID

74-43-43-21-06-012-0050

ASK ABOUT THIS PROPERTY

Alexis ShapiroThe Kislak CompanyMore Info
954-573-4449

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Alexis ShapiroThe Kislak CompanyMore Info
954-573-4449

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