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1331 Longwood St 5 Unit Apartment Building $1,274,238 CAD ($254,848 CAD/Unit) 6.63% Cap Rate West Palm Beach, FL 33401
Investment Highlights
- Mercer Park location!
- Owner motivated!
- 7% cap rate on Existing rents!
Executive Summary
Five unit property in Mercer Park neighborhood. Mercer Park is just a short distance to down town West Palm Beach. Units consist of two- 2 bedrooms, one- 1 bedrooms and a studio. Off street parking for six cars. Close to on ramp for I-95. Walking distance to shops and restaurants in The District.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$126,627
|
$41.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,834
|
$2.23
|
| Effective Gross Income |
$119,793
|
$39.15
|
| Taxes |
$12,814
|
$4.19
|
| Operating Expenses |
$22,922
|
$7.49
|
| Total Expenses |
$35,736
|
$11.68
|
| Net Operating Income |
$84,057
|
$27.47
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $126,627 |
| Annual Per SF | $41.38 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,834 |
| Annual Per SF | $2.23 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $119,793 |
| Annual Per SF | $39.15 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,814 |
| Annual Per SF | $4.19 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,922 |
| Annual Per SF | $7.49 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,736 |
| Annual Per SF | $11.68 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $84,057 |
| Annual Per SF | $27.47 |
Property Facts
| Price | $1,274,238 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $254,848 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.63% | Building Size | 3,060 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1925/2024 |
| Property Type | Multifamily | Parking Ratio | 1.96/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C | ||
| Price | $1,274,238 CAD |
| Price Per Unit | $254,848 CAD |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,060 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1925/2024 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | C |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,061 CAD | 612 |
| 2+1 | 2 | $2,420 CAD | 750 |
| Studios | 1 | $1,531 CAD | 350 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 74-43-43-28-13-001-0240 | Total Assessment | $536,317 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $12,814 CAD ($4.19 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
74-43-43-28-13-001-0240
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$536,317 CAD (2025)
Annual Taxes
$12,814 CAD ($4.19 CAD/SF)
Tax Year
2026
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1331 Longwood St
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