Gardens Trail Multi-Family FOR SALE


Palm Beach Gardens, FL - Ballenisles
$3,750,000 USD
561-379-7276
, Palm Beach Gardens, FL for Sale
$3,750,000 USD
Multi-Family - FOR SALE
1/9
null | 4.51% Cap Rate

Gardens Trail
Palm Beach Gardens, FL
Ballenisles


HIGHLIGHTS

  • On major road with great access to highways and shopping
  • Very desirable area with high demand
  • Below market rents
  • Solid construction throughout
  • Plenty of upside with higher CAP rate starting end of this year

OVERVIEW

GARDENS TRAIL is a Value Add investment rarely found in Palm Beach Gardens, FL. Property consists of 8 fully leased townhomes of 1,411 sf, individually deeded on a major road and proximity to shopping and city amenities. It provides an investor a consistent cash flow stream by offering a stabilized tenant base with several tenants being esidents at the property for an average of 10 years. Additionally, an investor can generate income growth by eventually converting lower-rent tenants to market rates, which will significantly increase the property's operating income. GARDENS TRAIL's premier location, contemporary look, stable tenancy, and rental upside provide an ideal investment opportunity in a dense suburban location with excellent demographics. Each unit consists of 2 BR, 2 BA, LR/DR, Kitchen, covered patio, 1 car garage and 2 parking spots. There are several visitor parking spaces in the complex. Front side windows are double pane to keep the noise down to a minimum and the back side overlooks a fresh water fishing canal. Minutes to shopping, I-95, Turnpike and Gardens Mall. Walking distance to city's parks and recreation with full amenities. With minor capital expenditure in upgrades and remodels the annual rental income can increase by 20%-25%. In addition, these units can also be upgraded and renovated and placed for sale in the market since they have separate folio numbers. Offering Memorandum is available for review by registering your name and contact info.

ASK ABOUT THIS PROPERTY

Mark HabibRoyal Crown GroupMore Info
561-379-7276

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

Mark HabibRoyal Crown GroupMore Info
561-379-7276

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