About This Property

Excellent opportunity to acquire Lakewood Flats, a 7-unit multifamily property located at 1000 W Lakewood Road in West Palm Beach. The property consists of 4 buildings totaling 5,026 gross square feet on a 0.31-acre lot. Built between 1926 and 1940, the property features wood-frame construction, pitched composite shingle roofs, and central air conditioning. The desirable unit mix consists of four 2-bedroom/1-bathroom units, one 2-bedroom/2-bathroom unit, and two 3-bedroom/1-bathroom units, providing larger floorplans that appeal to a broad tenant base. Conveniently located near Southern Boulevard, Dixie Highway, and I-95, with easy access to Downtown West Palm Beach, Palm Beach Island, Palm Beach International Airport, Palm Beach Atlantic University, and major employment centers. Lakewood Flats offers investors a boutique, low-density multifamily asset with a strong unit mix in the growing West Palm Beach rental market.

Key Features

• 13,500 sq ft Lot
• Built in 1926

Property Details

• Type: Single Family Home
• Year Built: 1926
• Lot Size: 13,500 sq ft
• Sq Ft: 5,026
• Price / Sq Ft: $297
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 13,500 sq ft Lot
• Feature: Built in 1926
• Status: Active
• MLS Number: 1189549073
• Days on Market: 30
• Listed By: Home Sold Realty LLC · Camilo De la Cruz Perez
• Zip Code: 33405