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3790 Gulfstream Rd - Gulfstream Village 12 Unit Apartment Building Offered at $2,605,490 CAD at a 6.44% Cap Rate Palm Springs, FL 33461
Investment Highlights
- 12 Cottage-Style Buildings Situated On A 0.94-Acre Site
- Central Palm Springs Location Near I-95, PBI Airport, And Downtown West Palm Beach
- Metal Roofs, Mini-Split A/C Systems, Hurricane Shutters, And Coin-Operated Laundry
Executive Summary
Marcus & Millichap is pleased to present Gulfstream Village, a 12-unit multifamily community located at 3790 Gulfstream Road in Palm Springs, Florida. The property totals 4,348 gross square feet and is situated on a 0.94-acre lot, featuring 12 individual cottage-style buildings that provide residents with a private, low-density living environment rarely found in today's multifamily market. The property is equipped with metal roofs throughout, mini-split air conditioning systems, hurricane shutters, and a coin-operated laundry facility, providing a durable infrastructure and an additional ancillary income source. The unique cottage-style layout offers a residential feel while benefiting from the operational efficiencies of a multifamily investment.
Gulfstream Village is conveniently located near Congress Avenue, Forest Hill Boulevard, and Interstate 95, providing quick access to major employment centers throughout Palm Beach County. Residents are just minutes from Downtown West Palm Beach, Palm Beach International Airport, JFK Medical Center, and numerous retail and dining destinations, including Palm Springs Plaza, The Mall at Wellington Green, and surrounding commercial corridors. The property's central location also provides convenient access to both Lake Worth Beach and Palm Beach.
Palm Springs continues to experience strong rental demand due to its central location, limited multifamily development opportunities, and proximity to major employment hubs. These market fundamentals have supported steady occupancy and rent growth throughout the submarket.
Gulfstream Village presents a unique opportunity to acquire a boutique cottage-style multifamily community on nearly one acre of land in the heart of Palm Beach County. The combination of its low-density layout, cottage-style design, and highly accessible location positions the property for long-term investment performance.
Gulfstream Village is conveniently located near Congress Avenue, Forest Hill Boulevard, and Interstate 95, providing quick access to major employment centers throughout Palm Beach County. Residents are just minutes from Downtown West Palm Beach, Palm Beach International Airport, JFK Medical Center, and numerous retail and dining destinations, including Palm Springs Plaza, The Mall at Wellington Green, and surrounding commercial corridors. The property's central location also provides convenient access to both Lake Worth Beach and Palm Beach.
Palm Springs continues to experience strong rental demand due to its central location, limited multifamily development opportunities, and proximity to major employment hubs. These market fundamentals have supported steady occupancy and rent growth throughout the submarket.
Gulfstream Village presents a unique opportunity to acquire a boutique cottage-style multifamily community on nearly one acre of land in the heart of Palm Beach County. The combination of its low-density layout, cottage-style design, and highly accessible location positions the property for long-term investment performance.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,605,490 CAD | Property Type | Multifamily |
| Price Per Unit | $217,124 CAD | Building Size | 4,348 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.44% | No. Stories | 1 |
| Gross Rent Multiplier | 9.38 | Year Built | 1950 |
| No. Units | 12 |
| Price | $2,605,490 CAD |
| Price Per Unit | $217,124 CAD |
| Sale Type | Investment |
| Cap Rate | 6.44% |
| Gross Rent Multiplier | 9.38 |
| No. Units | 12 |
| Property Type | Multifamily |
| Building Size | 4,348 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1950 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 300 |
| 1+1 | 10 | - | 350 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Contacts
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River Rhoads -
Daniel Cunningham -
Evan Richardson -
Dillon Majeski -
Cory Sanchez -
Jason Nowik -
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3790 Gulfstream Rd - Gulfstream Village
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