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515 N Sapodilla Ave
West Palm Beach, FL 33401
Multifamily Property For Sale
·
7 Units
EXECUTIVE SUMMARY
Newly Renovated Apartments located in the heart of desirable Downtown West Palm Beach! This beautifully updated property features modern upgrades, a bright and open layout, and all the comforts you are looking for. Enjoy the perks of off-street parking and a prime location just minutes from vibrant dining, shopping, and entertainment options. Entire property has fully renovated in the past 12 months to provide quality affordable housing in underserved communities. Pets Allowed (Maximum Of 2) The improvements include: ALL New Roofs – New Flooring – Remodeled Kitchens – Remodeled Bathrooms – Upgraded Plumbing – Upgraded Electrical – New Hardware – New Appliances – New Lighting – Repainting the interiors and exteriors of both buildings – Refreshing of the exteriors, landscaping / common areas. LOCATION SECOND TO NONE: Literally Just Blocks To Downtown West Palm Beach Which Has Become Universally Recognized As “Wall Street South” Assures The Long-Term Value Of This Asset. Within 10 Blocks – Vanderbilt University is planning a new $520 million graduate school campus in downtown West Palm Beach, Florida, set to focus on business and technology fields like AI, data science, and computer science. The new campus will accommodate about 1,000 students and is envisioned as a center for graduate education, innovation, and collaboration. The West Palm Beach Brightline Station. The West Palm Beach Tri Rail And Amtrak Station. Multiple Palm Trans Stops Within Easy Walking Distance. Within Half A Mile – Cleveland Clinic is building a 150-bed hospital in downtown West Palm Beach.
PROPERTY FACTS
| Price Per Unit | $428,800 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6% | Building Size | 4,192 SF |
| No. Units | 7 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1965/2025 |
| Apartment Style | Low-Rise | Parking Ratio | 1.91/1,000 SF |
| Zoning | NWD-R-C1 - Northwest Neighborhood District specifically for residential use with certain commercial allowances(R-C1) | ||
| Price Per Unit | $428,800 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 4,192 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2025 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | NWD-R-C1 - Northwest Neighborhood District specifically for residential use with certain commercial allowances(R-C1) |
AMENITIES
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 5+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 74-43-43-21-06-018-0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,119,911 CAD |
PROPERTY TAXES
Parcel Number
74-43-43-21-06-018-0010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,119,911 CAD
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