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3874 7th Ave N 6 Unit Apartment Building $1,597,948 CAD ($266,325 CAD/Unit) 5.51% Cap Rate Lake Worth, FL 33461
Investment Highlights
- Concrete Block Construction With A Pitched Composite Shingle Roof
- Convenient Access To I-95, DJT (PBI) Airport, Downtown West Palm Beach, And Major Employment Centers
- Diverse Unit Mix Including Studio, 1-, 2-, And 3-Bedroom Floorplans
- Each Unit is Equipped with Hookups for Washer & Dryer
Executive Summary
Marcus & Millichap is pleased to present a six-unit multifamily property located at 3874 7th Avenue N in Palm Springs, Florida. Built in 1959, the property totals 4,827 gross square feet and is situated on a 0.64-acre lot. The property features concrete block construction with a pitched composite shingle roof, offering long-term durability and reduced maintenance. The property features a diverse unit mix consisting of 1 studio unit (427 SF), 1 one-bedroom/one-bathroom unit (650 SF), 2 two-bedroom/one-bathroom units (825 SF each), and 2 three-bedroom/one-bathroom units (1,050 SF each). The larger floorplans cater to a broad tenant base and continue to experience strong demand within the Palm Springs rental market.
Ideally located near Congress Avenue, Forest Hill Boulevard, and Interstate 95, the property offers convenient 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 a variety of shopping, dining, and entertainment destinations.
Palm Springs continues to benefit from strong rental demand driven by its central location, limited multifamily inventory, and proximity to major employment, healthcare, and transportation hubs. The combination of a large site, spacious unit mix, and excellent accessibility positions the property for stable occupancy and long-term appreciation.
The Kirkview Apartments presents an opportunity to acquire a boutique multifamily asset in the heart of Palm Beach County, offering a desirable mix of unit sizes, durable construction, and long-term investment potential in an established rental market.
Ideally located near Congress Avenue, Forest Hill Boulevard, and Interstate 95, the property offers convenient 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 a variety of shopping, dining, and entertainment destinations.
Palm Springs continues to benefit from strong rental demand driven by its central location, limited multifamily inventory, and proximity to major employment, healthcare, and transportation hubs. The combination of a large site, spacious unit mix, and excellent accessibility positions the property for stable occupancy and long-term appreciation.
The Kirkview Apartments presents an opportunity to acquire a boutique multifamily asset in the heart of Palm Beach County, offering a desirable mix of unit sizes, durable construction, and long-term investment potential in an established rental market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,597,948 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $266,325 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.64 AC |
| Cap Rate | 5.51% | Building Size | 4,989 SF |
| Gross Rent Multiplier | 9.54 | No. Stories | 1 |
| No. Units | 6 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.6/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RH | ||
| Price | $1,597,948 CAD |
| Price Per Unit | $266,325 CAD |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| Gross Rent Multiplier | 9.54 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 4,989 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | RH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 650 |
| 2+1 | 2 | - | 825 |
| 3+1 | 2 | - | 1,050 |
| Studios | 1 | - | 427 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 70-43-44-19-10-000-0150 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $830,729 CAD |
Property Taxes
Parcel Number
70-43-44-19-10-000-0150
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$830,729 CAD
Contacts
-
River Rhoads -
Daniel Cunningham -
Evan Richardson -
Dillon Majeski -
Cory Sanchez -
Jason Nowik -
Marcus & Millichap
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3874 7th Ave N
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