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5901 Broadway
West Palm Beach, FL 33407 North Palm Beach

$1,661,000 USD

Apartments For Sale  •  2,950 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,950 SF
  • Lot Size 0.34 AC
  • Building Class B
  • Year Built 1930
  • Cap Rate 6.58 %
  • Zoning BMUD- II—BROADWAY MIXED U
32 Transit Score
36 Walk Score

Highlights

The property is zoned Multi Family and commercial and there is the optionality to develop up to 30 units.

Financial Summary (Actual)

Net Operating Income: $109,228 USD (2024)
Cap Rate: 6.58 %
Total Expenses: $31,352 USD

Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Mangonia Park (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 5 min - 2.4 mi
West Palm Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 8 min - 3.8 mi
AirportDriveWalkDistance
Palm Beach International 17 min - 8.1 mi
Ricardo Molina 954-822-8904 Tomazini Group, LLC
Ricardo Molina 954-822-8904 Tomazini Group, LLC