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527 48th St
West Palm Beach, FL 33407
Northwood Villas · Immeuble residentiel Propriété À vendre
·
4 Unités
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Roof Replaced in 2025
- Central Air Conditioning Throughout
- Just 3 Miles from the Brightline and Tri-Rail Stations in West Palm Beach
- Located in the Rapidly Evolving Northwood District, East of Broadway
Résumé de l'annonce
Marcus & Millichap, as exclusive listing agents, are pleased to present Northwood Villas, a well-positioned multifamily investment opportunity located at 527 48th St in West Palm Beach, Florida. This 4-unit property, constructed in 1954 with concrete block construction, offers a total of 2,387 square feet on a 0.14-acre lot. The unit mix consists of one two-bedroom/one-bathroom unit and three one-bedroom/one-bathroom units, providing an attractive configuration for a diverse tenant base.
Northwood Villas is strategically located east of Broadway in a rapidly evolving submarket of West Palm Beach. The property stands to benefit significantly from the ongoing revitalization of the surrounding area, including transformative developments within the nearby Currie Mixed-Use District (CMUD). The CMUD is a compact, pedestrian-oriented, mixed-use district located between Currie Park to the east and the Northwood business district, designed to encourage development around Currie Park and the waterfront north of downtown. Notably, a high-end condominium project designed by Herzog & de Meuron is planned across from Currie Park at 2175 North Flagler Drive, approximately 1.5 miles south of the property. Additionally, the property is within close proximity to Downtown West Palm Beach, The Square, and the Flagler Financial District, offering tenants unparalleled access to premier dining, shopping, entertainment, and employment opportunities. The property's strategic location also provides convenient access to the Brightline West Palm Beach Station, located at 501 Evernia Street, approximately 3 miles south, connecting residents to Fort Lauderdale, Miami, and Orlando via high-speed rail.
Northwood Villas presents a compelling investment opportunity, offering investors the potential for both stable income and long-term appreciation. The property's location within a burgeoning market, combined with its solid construction and adaptable unit mix, positions it well to capitalize on the continued growth and development of the Northwood area and the broader West Palm Beach market.
Northwood Villas is strategically located east of Broadway in a rapidly evolving submarket of West Palm Beach. The property stands to benefit significantly from the ongoing revitalization of the surrounding area, including transformative developments within the nearby Currie Mixed-Use District (CMUD). The CMUD is a compact, pedestrian-oriented, mixed-use district located between Currie Park to the east and the Northwood business district, designed to encourage development around Currie Park and the waterfront north of downtown. Notably, a high-end condominium project designed by Herzog & de Meuron is planned across from Currie Park at 2175 North Flagler Drive, approximately 1.5 miles south of the property. Additionally, the property is within close proximity to Downtown West Palm Beach, The Square, and the Flagler Financial District, offering tenants unparalleled access to premier dining, shopping, entertainment, and employment opportunities. The property's strategic location also provides convenient access to the Brightline West Palm Beach Station, located at 501 Evernia Street, approximately 3 miles south, connecting residents to Fort Lauderdale, Miami, and Orlando via high-speed rail.
Northwood Villas presents a compelling investment opportunity, offering investors the potential for both stable income and long-term appreciation. The property's location within a burgeoning market, combined with its solid construction and adaptable unit mix, positions it well to capitalize on the continued growth and development of the Northwood area and the broader West Palm Beach market.
Faits sur la propriété Sous contrat
| Prix par unité | 267 330 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,14 AC |
| Taux de capitalisation | 5,78% | Taille du bâtiment | 2 387 pi² |
| Multiplicateur du loyer brut | 9.85 | Occupation moyenne | 100% |
| Nombre d’unités | 4 | Nombre d’étages | 1 |
| Type de propriété | Immeuble residentiel | Année de construction | 1954 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 0,75/1 000 pi² |
| Style d’appartement | De faible hauteur | Zone de développement économique |
Oui
|
| Zonage | SF7-C4 - Single-Family Low-Density Residential | ||
| Prix par unité | 267 330 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,78% |
| Multiplicateur du loyer brut | 9.85 |
| Nombre d’unités | 4 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,14 AC |
| Taille du bâtiment | 2 387 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 1 |
| Année de construction | 1954 |
| Ratio de stationnement | 0,75/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | SF7-C4 - Single-Family Low-Density Residential |
Commodités
Commodités des unités
- Climatisation
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 3 | - | 450 |
| 2+1 | 1 | - | 722 |
Impôts fonciers
| Numéro de lot | 74-43-43-04-04-021-0230 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 591 593 $ CAD |
Impôts fonciers
Numéro de lot
74-43-43-04-04-021-0230
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
591 593 $ CAD
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