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Cole Street Quadplex 4764 Cole St 4 Unit Apartment Building $1,312,837 CAD ($328,209 CAD/Unit) 6.50% Cap Rate West Palm Beach, FL 33417
INVESTMENT HIGHLIGHTS
- Tenant-Paid Utilities
- Two Duplexes on One Parcel
- Located Within An Opportunity Zone
- 1971 CBS Construction
- Private street just off N. Military Trl.
- Transit-friendly: Palm Tran stop at Military Trl & Cole St.
EXECUTIVE SUMMARY
4764 Cole St offers a strong quadplex investment opportunity in West Palm Beach. Built in 1971 of solid CBS construction, the property features two duplexes on one parcel with a mix of (3) 2BD/1BA and (1) 3BD/1BA units. Select units have been updated with modern finishes, and all have tenant-paid utilities, minimizing operating expenses. Situated on a quiet private street just off N. Military Trail, the property offers quick access to Okeechobee Blvd, Belvedere Rd, I-95, shopping, and major employment centers. A Palm Tran stop is located at Military Trail & Cole St, making it transit-friendly and attractive to tenants. The efficient quadplex layout simplifies management, supports stable occupancy, and provides excellent long-term cash flow and appreciation potential in a strong rental corridor.
PROPERTY FACTS
| Price | $1,312,837 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $328,209 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 6.50% | Building Size | 3,820 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RH - Multifamily | ||
| Price | $1,312,837 CAD |
| Price Per Unit | $328,209 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 3,820 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Opportunity Zone |
Yes |
| Zoning | RH - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 3+1 | 1 | - | - |
1 1
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Cole Street Quadplex | 4764 Cole St
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