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638 50th St
West Palm Beach, FL 33407
Immeuble residentiel Propriété À vendre
·
3 Unités
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 3-Unit Property Comprised Of Two Residential Buildings
- Minutes From Downtown West Palm Beach, Palm Beach Island, And St. Mary's Medical Center
- Spacious 2-Bedroom Floorplans With Strong Tenant Appeal
- Excellent Access To I-95, U.S. 1, And Major Employment Corridors
Résumé de l'annonce
Marcus & Millichap is pleased to present a three-unit multifamily property located at 638 50th Street in West Palm Beach, Florida. Built in 1936, the property consists of two buildings totaling 1,952 rentable square feet (2,868 gross square feet) and is situated on a 0.24-acre lot. The property features wood frame construction with pitched composite shingle roofs and window unit air conditioning systems. The property offers a consistent unit mix of three two-bedroom/one-bathroom units, averaging 651 square feet each. The efficient floorplans and boutique size provide an attractive investment opportunity with stable rental demand in an established residential neighborhood.
Ideally located just west of Broadway (U.S. 1) and minutes from Interstate 95, the property provides convenient access to Downtown West Palm Beach, Palm Beach Island, Palm Beach International Airport, and St. Mary's Medical Center. Residents also benefit from nearby shopping, dining, public transportation, and the continued redevelopment occurring throughout West Palm Beach's Northwood and downtown districts.
West Palm Beach continues to experience strong population and employment growth, supported by expanding healthcare, finance, technology, and professional services sectors. The property's central location and proximity to major employment centers position it well for long-term rental demand and appreciation.
638 50th Street presents an opportunity to acquire a boutique multifamily asset in one of South Florida's fastest-growing markets, offering durable construction, an
efficient unit mix, and excellent access to the area's leading employment and lifestyle amenities.
Ideally located just west of Broadway (U.S. 1) and minutes from Interstate 95, the property provides convenient access to Downtown West Palm Beach, Palm Beach Island, Palm Beach International Airport, and St. Mary's Medical Center. Residents also benefit from nearby shopping, dining, public transportation, and the continued redevelopment occurring throughout West Palm Beach's Northwood and downtown districts.
West Palm Beach continues to experience strong population and employment growth, supported by expanding healthcare, finance, technology, and professional services sectors. The property's central location and proximity to major employment centers position it well for long-term rental demand and appreciation.
638 50th Street presents an opportunity to acquire a boutique multifamily asset in one of South Florida's fastest-growing markets, offering durable construction, an
efficient unit mix, and excellent access to the area's leading employment and lifestyle amenities.
Faits sur la propriété Sous contrat
| Prix par unité | 235 375 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,24 AC |
| Taux de capitalisation | 6,64% | Taille du bâtiment | 2 868 pi² |
| Multiplicateur du loyer brut | 8.59 | Nombre d’étages | 1 |
| Nombre d’unités | 3 | Année de construction | 1936 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 1,33/1 000 pi² |
| Sous-type de propriété | Appartement | Zone de développement économique |
Oui
|
| Style d’appartement | De faible hauteur | ||
| Zonage | MF14 - Multifamily | ||
| Prix par unité | 235 375 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,64% |
| Multiplicateur du loyer brut | 8.59 |
| Nombre d’unités | 3 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,24 AC |
| Taille du bâtiment | 2 868 pi² |
| Nombre d’étages | 1 |
| Année de construction | 1936 |
| Ratio de stationnement | 1,33/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | MF14 - Multifamily |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 3 | 2 285 $ CAD | 651 |
Impôts fonciers
| Numéro de lot | 74-43-43-04-08-057-0190 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 369 655 $ CAD |
Impôts fonciers
Numéro de lot
74-43-43-04-08-057-0190
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
369 655 $ CAD
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