6-Unit Singer Island Multi-Family
Listing was updated at: 01/02/2019
Property Overview
Price/Rent PSF $ 3,400,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 6,030
Date Available 01/02/2019
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Floors 1
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Description

Location
Located directly on the southern tip of Singer Island along the Palm Beach Inlet. Singer Island is a barrier island with deep water inlet and ocean access. There is world class fishing from several marinas, including Sailfish Marina and Cannonsport Marina. Close proximity to shopping, golf, dining, arts and entertainment.

Sale
New SVN Income-Producing Multifamily, Single-Family Guest Cottages, or Redevelopment Opportunity.

200 Inlet Way contains a total of six units. This multi-family property includes two one-bedroom units in the front, three studios in the middle, and one large unit at the rear of the property. Situated on 0.45± acres with 75± feet of waterfront, this property includes a swimming pool, and gorgeous, unobstructed views of the Palm Beach Inlet, Atlantic Ocean, and the Island of Palm Beach.

If desired, this property can be acquired with 150 & 206 Inlet Way for a total of 23-units spanning 1.34± acres along 225± feet of waterfront. Redevelopment options for the whole portfolio include an increase to a 40±-unit multifamily development project, or a 74±-unit hotel. Receive significant cash flow while proceeding with a redevelopment plan. Land use includes hotel or motel, single-family and multi-family residential.

Location