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418-424 Kanuga Dr
West Palm Beach, FL 33401 West Palm Beach

Price Upon Request

Apartments For Sale  •  9,675 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,675 SF
  • Lot Size 0.43 AC
  • Building Class C
  • Year Built 1928
  • Zoning GC, West Palm Beach
33 Transit Score
87 Walk Score

Highlights

Available free and clear of debt; able for quick close prior to year-end if advantageous to buyer for tax or other purposes
Located off Dixie Highway right near restaurant row in WPB, with easy access to downtown
One of the few workforce housing opportunities available in the Flamingo Park neighborhood of West palm Beach
Modest renovations by the new owner will allow for significant rent increases
16 residential units in 4 buildings and 4 commercial / storage spaces in 1 building = 20 units in 5 total buildings
CFO DUE 5:00 pm EST FRIDAY 1/22/21

Financial Summary (Proforma)

Net Operating Income: $155,477 USD (2021)
Total Expenses: $84,116 USD

Major Tenants

Tenant SF Occupied Lease End Date
418-420 Kanuga Dr. 3,000 SF

Public Transportation

Commuter RailDriveWalkDistance
3 min - 1.2 mi
West Palm Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 4 min - 1.6 mi
AirportDriveWalkDistance
Palm Beach International 9 min - 4.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes