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200 Park Ave
West Palm Beach, FL 33403 Kelsey City

$4,995,000 USD

Apartments For Sale  •  6,032 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,820 SF
  • Lot Size 1.21 AC
  • Building Class C
  • Year Built 1940
  • Zoning R1A, Lake Park
30 Transit Score
50 Walk Score

Highlights

22-unit multifamily asset with diverse unit mix including cottage-style homes
Large ±55,321 SF lot in a prime coastal infill location
Current rents below market (1BR: ~$1,375–$1,450 vs. higher comps)
Long-term upside through operational improvements and market growth
Significant value-add opportunity through rent increases to market
Additional revenue stream of 36k from 16 garages

Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Mangonia Park (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 9 min - 4.0 mi
West Palm Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 15 min - 6.4 mi
AirportDriveWalkDistance
Palm Beach International 22 min - 10.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes
Gregory Celentano 305-205-3291 Union Street Partners
Gregory Celentano 305-205-3291 Union Street Partners