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The Sandy Shore 101 Sandal Ln 2 Unit Apartment Building $3,461,250 CAD ($1,730,625 CAD/Unit) 8.02% Cap Rate Palm Beach Shores, FL 33404
INVESTMENT HIGHLIGHTS
- Directly across the street from beach access.
EXECUTIVE SUMMARY
Prime Investment Opportunity in Palm Beach Shores – Steps from the Atlantic Ocean!
101 Sandal Lane presents an exceptional opportunity for investors, developers, or those seeking a versatile property in one of South Florida’s most desirable coastal communities. One of the only barrier islands, which is surrounded by water on three sides, the Atlantic Ocean, Palm Beach Inlet and intracoastal waterway, Palm Beach Shores is a one of a kind marquee south Florida Island on the southern tip of Singer Island.
With 2,825 sq. ft. of living space across three separate units, this property offers a variety of possibilities—whether for long-term rentals, multi-generational living, or future redevelopment.
Property Features:
* Unit 1: 1,700 sq. ft. | 3 Bed / 2 Bath | Spacious living area, full kitchen, and flexible floor plan
* Unit 2: 725 sq. ft. | 1 Bed / 1 Bath | Open-concept design with a full kitchen
* Unit 3: 400 sq. ft. | Studio / 1 Bath | Efficient layout with a full kitchen
The oversized lot offers plenty of potential for redevelopment, with zoning that allows for a variety of residential uses. Whether you're looking to expand, renovate, or build new, this prime location provides endless possibilities. The property also includes a heated pool, tropical landscaping, and a shared full laundry closet for added convenience.
Why Invest in 101 Sandal Lane?
* Unbeatable location across from the beach, minutes to dining, shopping, and marinas
* Flexible zoning offers potential for redevelopment or expansion
* Rare opportunity in one of Palm Beach County’s most sought-after coastal enclaves
Don't miss out on this exceptional investment—schedule your private showing today!
101 Sandal Lane presents an exceptional opportunity for investors, developers, or those seeking a versatile property in one of South Florida’s most desirable coastal communities. One of the only barrier islands, which is surrounded by water on three sides, the Atlantic Ocean, Palm Beach Inlet and intracoastal waterway, Palm Beach Shores is a one of a kind marquee south Florida Island on the southern tip of Singer Island.
With 2,825 sq. ft. of living space across three separate units, this property offers a variety of possibilities—whether for long-term rentals, multi-generational living, or future redevelopment.
Property Features:
* Unit 1: 1,700 sq. ft. | 3 Bed / 2 Bath | Spacious living area, full kitchen, and flexible floor plan
* Unit 2: 725 sq. ft. | 1 Bed / 1 Bath | Open-concept design with a full kitchen
* Unit 3: 400 sq. ft. | Studio / 1 Bath | Efficient layout with a full kitchen
The oversized lot offers plenty of potential for redevelopment, with zoning that allows for a variety of residential uses. Whether you're looking to expand, renovate, or build new, this prime location provides endless possibilities. The property also includes a heated pool, tropical landscaping, and a shared full laundry closet for added convenience.
Why Invest in 101 Sandal Lane?
* Unbeatable location across from the beach, minutes to dining, shopping, and marinas
* Flexible zoning offers potential for redevelopment or expansion
* Rare opportunity in one of Palm Beach County’s most sought-after coastal enclaves
Don't miss out on this exceptional investment—schedule your private showing today!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$339,060
|
$116.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$339,060
|
$116.68
|
| Taxes |
$26,992
|
$9.29
|
| Operating Expenses |
$36,039
|
$12.40
|
| Total Expenses |
$63,031
|
$21.69
|
| Net Operating Income |
$276,029
|
$94.99
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $339,060 |
| Annual Per SF | $116.68 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $339,060 |
| Annual Per SF | $116.68 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,992 |
| Annual Per SF | $9.29 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $36,039 |
| Annual Per SF | $12.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $63,031 |
| Annual Per SF | $21.69 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $276,029 |
| Annual Per SF | $94.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $8,307 CAD | 1,700 |
| 1+1 | 1 | $4,154 CAD | 725 |
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The Sandy Shore | 101 Sandal Ln
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