About This Property

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.

Key Features

• Built in 1963

Property Details

• Type: Single Family Home
• Year Built: 1963
• Sq Ft: 10,224
• Price / Sq Ft: $235
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: Built in 1963
• Status: Active
• MLS Number: 1126878005
• Days on Market: 299
• Listed By: MLS Listing
• Zip Code: 33403