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4600 Kelmar Dr 4600 Kelmar Dr 3 Unit Apartment Building $982,009 CAD ($327,336 CAD/Unit) 8.50% Cap Rate West Palm Beach, FL 33415
Investment Highlights
- Prime West Palm Beach location with quick access to major highways, retail, and key employment centers, supporting strong long-term renter demand.
- Triplex configuration offering diversified income potential and stable occupancy within a high-growth South Florida rental market.
- Offered at $718,000, providing an accessible entry point into a competitive multifamily market with strong appreciation potential.
- Minutes from Downtown West Palm Beach and situated within a growing development corridor that continues to attract investment and population growth.
- Close to Palm Beach International Airport, providing excellent connectivity and added appeal for a broad tenant base.
Executive Summary
4600 Kelmar Dr is ideally positioned in the heart of West Palm Beach, offering investors strong rental demand driven by proximity to major highways, Palm Beach international Airport, employment hubs, and everyday retail. Just minutes from downtown West Palm Beach and the area’s growing development corridor, this location supports long-term appreciation potential and consistent occupancy in a high growth South Florida market.
Property Facts
| Price | $982,009 CAD | Building Class | C |
| Price Per Unit | $327,336 CAD | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 2,772 SF |
| Cap Rate | 8.50% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 2.33/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM - Residential Multi-Family | ||
| Price | $982,009 CAD |
| Price Per Unit | $327,336 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 2,772 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 2.33/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM - Residential Multi-Family |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00-42-44-12-05-000-0150 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $663,582 CAD |
Property Taxes
Parcel Number
00-42-44-12-05-000-0150
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$663,582 CAD
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