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Marina Village Quadplex 56 W 12th St 4 Unit Apartment Building $2,187,509 CAD ($546,877 CAD/Unit) West Palm Beach, FL 33404
INVESTMENT HIGHLIGHTS
- High Growth Location Within Walking Distance of the New Marina Village Master Plan
- Near the Related Group's 149 Residences at Marina Village within an 8 Stories Building
- Right in Front of a 1.23 Million Square Feet Development with 508 Condos on 4.27 Acres
- Easy Access to Award Winning Beaches, Cruise & Port Terminals, and Peanut Island
EXECUTIVE SUMMARY
Prime Multifamily Investment in the Heart of the Booming Marina Village District!
56 W 12th Street is a Rare Vacant 2021 CBS-constructed multifamily property featuring four spacious 3-bedroom, 2-bathroom apartments—a rare modern asset in one of Palm Beach County’s fastest-growing coastal districts.
Perfectly positioned in the revitalized Marina Village District, this property offers unmatched proximity to:
The iconic Peanut Island
The Port of Palm Beach Terminals
Award-winning beaches and stunning waterfront recreation
The Related Group’s upcoming 149 Residences at Marina Village, rising 8 stories
A transformative 1.23 million sq. ft. development bringing 508 new condos on 4.27 acres
This high-growth location is rapidly evolving into a premier live-work-play destination, making the property exceptionally attractive for corporate housing, workforce accommodations, or long-term investment.
Value-Add Flexibility:
Ownership is not renewing the remaining lease, allowing the new buyer the opportunity to take full advantage of the soaring demand for employee housing in the submarket. This makes the property more valuable vacant, giving investors the freedom to reposition, re-lease at market rates, or secure corporate tenants seeking high-quality housing near major employment hubs.
Featuring durable CBS construction, modern layouts, and a strategic location surrounded by billions in ongoing and planned development, 56 W 12th Street is an outstanding opportunity to capture long-term upside in a rapidly appreciating waterfront corridor.
A rare chance to own a turn-key 2021 multifamily asset in one of Palm Beach County most transformative districts
56 W 12th Street is a Rare Vacant 2021 CBS-constructed multifamily property featuring four spacious 3-bedroom, 2-bathroom apartments—a rare modern asset in one of Palm Beach County’s fastest-growing coastal districts.
Perfectly positioned in the revitalized Marina Village District, this property offers unmatched proximity to:
The iconic Peanut Island
The Port of Palm Beach Terminals
Award-winning beaches and stunning waterfront recreation
The Related Group’s upcoming 149 Residences at Marina Village, rising 8 stories
A transformative 1.23 million sq. ft. development bringing 508 new condos on 4.27 acres
This high-growth location is rapidly evolving into a premier live-work-play destination, making the property exceptionally attractive for corporate housing, workforce accommodations, or long-term investment.
Value-Add Flexibility:
Ownership is not renewing the remaining lease, allowing the new buyer the opportunity to take full advantage of the soaring demand for employee housing in the submarket. This makes the property more valuable vacant, giving investors the freedom to reposition, re-lease at market rates, or secure corporate tenants seeking high-quality housing near major employment hubs.
Featuring durable CBS construction, modern layouts, and a strategic location surrounded by billions in ongoing and planned development, 56 W 12th Street is an outstanding opportunity to capture long-term upside in a rapidly appreciating waterfront corridor.
A rare chance to own a turn-key 2021 multifamily asset in one of Palm Beach County most transformative districts
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$177,770
|
$39.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$177,770
|
$39.50
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $177,770 |
| Annual Per SF | $39.50 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $177,770 |
| Annual Per SF | $39.50 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Security System
- Recycling
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 4 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 56-43-42-33-06-013-0120 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $994,362 CAD (2024) |
PROPERTY TAXES
Parcel Number
56-43-42-33-06-013-0120
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$994,362 CAD (2024)
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Marina Village Quadplex | 56 W 12th St
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