Exceptional opportunity to acquire a 10,000 SF, 8-unit multifamily property in the highly desirable Lake Park area, just minutes from vibrant Downtown West Palm Beach and the Intracoastal. Featuring 7- 3 bedroom/2 bathroom and 1- 2 bedroom/1 bathroom apartments, this concrete block construction building has been fully renovated, with updated interiors, modern finishes, units separately metered, central AC and a brand-new roof (2025). Amenities include on-site laundry, 12 dedicated parking spaces, and strong tenant appeal. With a net income of $154,000 and priced at under $260 per SF, this asset offers both solid cash flow and long-term appreciation potential.
10,224 Sq Ft
Investment
$28,606 Annual Tax
Built in 1963
MLS/Listing ID A11858108
LAKE PARK ADD 3
2 Stories
8 Units
Concrete
Vinyl
Cooling - Central Air
Style - Attached

Source of Data: MIAMI ASSOCIATION OF REALTORS
TOTAL MONTHLY COST
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