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Tamarind Apartments
West Palm Beach, FL Downtown West Palm Beach

$3,800,000 USD

Multifamily For Sale  •  26,046 SF

3 Properties View all

Property Details

  • Property Type Multifamily
  • Cap Rate 6.02 %
49 Transit Score
66 Walk Score

Highlights

Opportunity to Acquire 3 Fully Occupied, Value-Add Multifamily Asset in Rapidly Growing West Palm Beac
Property Has Been Owned and Operated by Current Owner for Over 7 Years
CAPEX Include: Updated Kitchens, Flooring, Bathrooms, Electrical Panels, Hot Water Heaters, Parking Resurfacing, Painted Weather Sealed
Diverse Unit Mix and Spacious Units Consisting Of (3) Studios, (5) 1 Bed 1 Bath, (12) 2 Bed 1 Bath, (1) 3 Bed 1 Bath
Potential Opportunity for an Assumable interest-only loan of $1.718M at a 4.67% interest rate, with approximately 7 years remaining
Located East Of I-95 Just South of Palm Beach Lakes Blvd and Okeechobee Blvd Providing Easy Access to Downtown West Palm Beach.

Property Flyers

Cap Rate: 6.02 %

Public Transportation

Commuter RailDriveWalkDistance
West Palm Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 2 min 12 min 0.5 mi
3 min 17 min 0.9 mi
Transit/SubwayDriveWalkDistance
West Palm Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 2 min 18 min 0.5 mi
AirportDriveWalkDistance
Palm Beach International 11 min - 4.6 mi
Alex Gerdak 954-487-1100 Franklin Street
Alex Gerdak 954-487-1100 Franklin Street