Business Overview:
Palm Beach County,Two Story Apartment Building For Sale For $975,000. 16 Units--almost 100% occupied--one vacancy and over 17% Return on Investment (ROI)! This fee simple property covers13,500 sq.ft and is on 0.31 acres. The property was built in 1970 and is of a solid block structure with concrete floors and painted stucco with decorative brick accents on the exterior. There is direct access into each unit via an exterior walkway; the second-floor walkway is accessed via two exterior concrete stairways. The interior features include ceramic tile and carpet with ceiling heights 7.5’ to 8.5’.Each unit is approximately 525sq.ft and has one bedroom and one bath and HVAC: wall and window units. There is ample parking with 17 parking spaces. Two laundry rooms are conveniently situated on the premises. The apartment units and property are well maintained and clean and so are the grounds with its lush green common area. The area is zoned for mixed use--office--residential. Good investment--call for more details.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Located in a good neighborhood that is bordered by a major highway to the west and the Intracoastal Waterway to the east in Palm Beach County, Florida. In recent years, the neighborhood has experienced revitalization, is nearly fully developed and is stable. Owner is pleased to say it has only one vacancy! Call for more details.
Market Competition and Expansion:
No concerns regarding competition
Reason for Selling:
Other business interests
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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