30 Unit Palm Beach Townhome Portfolio
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 6,750,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 51,084
Date Available 04/19/2019
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Description

Location
This townhome portfolio is located in the Village of Wellington just west of West Palm Beach in central Palm Beach County. The portfolio consists of 8 buildings totaling 30 units that are conveniently located within a 2 mile radius of each other, and have immediate proximity to everything the Village has to offer, including but not limited to walk-ability to schools, shopping, movie theater, dining, grocery, and within a ¼ mile to the Equestrian Showground.

Sale
The portfolio located in Palm Beach County consists of 8 properties totaling 8 buildings and 30 units averaging 1,600 SF. with a unit mix of 4 (5bed/2bath), 24 (4bed/2bath) 2 (3bed/ 2bath). The units are 100% occupied and some of the largest available in the Wellington rental neighborhoods. Units are well maintained and many have new kitchens, bathrooms, appliances, AC, and flooring. Conveniently located within a 2 mile radius of each other. Excellent Cap rate at acquisitions with potential pro-forma cap rate at current market rents over 8%!

Location