Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market the Rosewood II Apartments. The 24-unit asset is located at 5214 Stacy Street, within the densely populated city of West Palm Beach, which is in Palm Beach County, Florida. The property was constructed in 1990 and is made up of all 3 bedroom / 2 bathroom units. The Rosewood II Apartments is comprised of three buildings, all on the same parcel (00-42-43-26-02-000-0130) totaling 1.93 acres. Each building is built with wood frame construction, has central air-conditioning throughout, and washer & dryer hookups in each unit. Located on Stacy Street, the asset sits just west of Haverhill Road and north of Belvedere Road. The property is situated less than two blocks from Hope-Centennial Elementary School and has excellent proximity to Palm Beach International Airport, as well as Florida's Turnpike. Rosewood II Apartments provides an investor an excellent opportunity to purchase a stable, cash flowing asset with tremendous upside by increasing rents to market through hands-on management.