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Multifamily

Rosewood II Apartments

5214 Stacy St, West Palm Beach, FL 33417

Listing Price: $4,800,000

Cap Rate
4.62%
Number of Units
24
Occupancy
95.0%
Price/Unit
$200,000
Price/Gross SF
$218.58
Gross SF
21,960

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.

Investment Highlights

  • Located In Densely Populated West Palm Beach
  • Close Proximity to Palm Beach International Airport
  • 1990 Construction Being Offered By Original Developer
  • Central Air Conditioning Throughout
  • Washer & Dryer Hookups In Each Unit
  • $381 Average Below Market In Monthly Rents

Exclusively Listed By

Financing By

Multifamily

Rosewood II Apartments

Listing Price: $4,800,000

Cap Rate
4.62%
Number of Units
24
Occupancy
95.0%
Price/Unit
$200,000
Price/Gross SF
$218.58
Gross SF
21,960

Investment Highlights

  • Located In Densely Populated West Palm Beach
  • Close Proximity to Palm Beach International Airport
  • 1990 Construction Being Offered By Original Developer
  • Central Air Conditioning Throughout
  • Washer & Dryer Hookups In Each Unit
  • $381 Average Below Market In Monthly Rents

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.

Exclusively Listed By

Financing By

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