Tamarind Apartments Multi-Family FOR SALE


West Palm Beach, FL - Downtown West Palm Beach
$3,800,000 USD
954-487-1100
, West Palm Beach, FL for Sale
$3,800,000 USD
Multi-Family - FOR SALE
1/20
null | 6.02% Cap Rate

Tamarind Apartments
West Palm Beach, FL
Downtown West Palm Beach


HIGHLIGHTS

  • Opportunity to Acquire 3 Fully Occupied, Value-Add Multifamily Asset in Rapidly Growing West Palm Beac
  • Property Has Been Owned and Operated by Current Owner for Over 7 Years
  • CAPEX Include: Updated Kitchens, Flooring, Bathrooms, Electrical Panels, Hot Water Heaters, Parking Resurfacing, Painted Weather Sealed
  • Diverse Unit Mix and Spacious Units Consisting Of (3) Studios, (5) 1 Bed 1 Bath, (12) 2 Bed 1 Bath, (1) 3 Bed 1 Bath
  • Potential Opportunity for an Assumable interest-only loan of $1.718M at a 4.67% interest rate, with approximately 7 years remaining
  • Located East Of I-95 Just South of Palm Beach Lakes Blvd and Okeechobee Blvd Providing Easy Access to Downtown West Palm Beach.

OVERVIEW

Discover an exceptional investment opportunity at Tamarind Apartments, a multi-family gem in the sought-after West Palm Beach area. This impressive 15,477 SF portfolio, spanning 3 properties on a combined 0.48 acres and featuring 21 + 1 Non Conforming unit, perfectly positioned for investors seeking a prime addition to their portfolio. Built with historic charm and zoned NWD 5 + NWD 1, this property presents a blend of timeless character and modern potential. With 100% occupancy, this investment promises immediate returns and long-term growth potential. The property's strong occupancy rate reflects its desirability and stability in the market, offering investors a secure and lucrative opportunity. The well-maintained buildings and their attractive unit layouts make it an appealing choice for multifamily/low-rise/garden investors looking to maximize their investment in the flourishing West Palm Beach real estate market. In addition to its impressive occupancy rate and prime location, the property's historical significance and unique character contribute to its allure. The timeless architectural features and well-maintained structures create a sense of enduring value, making it an attractive investment for those seeking a property with a rich heritage and enduring.

ASK ABOUT THIS PROPERTY

Alex GerdakFranklin StreetMore Info
954-487-1100

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Alex GerdakFranklin StreetMore Info
954-487-1100

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