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Singer Island 7-Unit Multifamily Asset
Listing was updated at: 11/29/2018
Property Overview
Price/Rent PSF $ 3,500,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 6,598
Date Available 11/29/2018
Additional URL Link
Floors 2
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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.

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

150 Inlet Way contains a total of seven units. This multi-family property includes two buildings: the front building contains four studios, and the rear building contains three larger units, one unit being on the second floor. Situated on 0.46± 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 200 & 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.


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