Skip to main content

Multifamily

Grand Isles Condominiums

4145 Haverhill Rd, West Palm Beach, FL 33417

Listing Price: $3,825,000

Cap Rate
5.42%
Number of Units
17
Occupancy
96.0%
Price/Unit
$225,000
Price/Gross SF
$215.34
Gross SF
17,763

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market 17 condominiums located within the desirable Grand Isles Condominium Complex located off of North Haverhill Road in West Palm Beach, which is in Palm Beach County, Florida. The offering consists of 17 units, with a unit mix of four (4) 3 bedroom / 2-bathroom, eleven (11) 2 bedroom / 2-bathroom and two (2) 1 bedroom / 1-bathroom units. The Two- and Three- Bedroom floorplans are all over 1000 square feet with the 1- Bedroom floorplans nearly 900 square feet. There is a total of 320 condominium units within the complex with no single entity owning more than 15 percent of the units. The complex was built in 2000 with concrete block construction and a barrel tile roof. Every unit has central air throughout and washers and dryers in unit. All units have their own personal outdoor patio or balcony space. The complex sits on North Haverhill Road, just north of Roebuck Road, between Okeechobee Boulevard and 45th Street. The community is located across the street from Seminole Trails Elementary School and immediately next to the Publix anchored Paradise Place Shopping Center. Grand Isles is conveniently situated between two major highways, Interstate-95 and Florida’s Turnpike. The Grand Isles condominium portfolio offers an investor an excellent opportunity to purchase a bulk sale of 17 condo units being offered at $28,000/unit less than the average sale price of the 8 most recent individual unit sales in the community. The portfolio is currently stabilized offering excellent current cash flow with additional upside by increasing all rents to market rates in the city of West Palm Beach.

Investment Highlights

  • Bulk Sale of 17 Condo Units Being Offered at $28,000/Unit Less Than the Average Sale Price of the 8 Most Recent Individual Unit Sale in the Community
  • Located Within the Desirable Grand Isles Community of West Palm Beach
  • Built in the Year 2000 with Concrete Block Construction and Barrel Tile Roofs
  • Diverse Unit Mix Containing Large 1-, 2-, and 3-Bedroom Floorplans
  • Central Air Conditioning and Washers and Dryers Throughout Every Unit
  • Conveniently Situated Between Two Major Highways, Interstate-95 and Florida's Turnpike

Exclusively Listed By

Financing By

Multifamily

Grand Isles Condominiums

Listing Price: $3,825,000

Cap Rate
5.42%
Number of Units
17
Occupancy
96.0%
Price/Unit
$225,000
Price/Gross SF
$215.34
Gross SF
17,763

Investment Highlights

  • Bulk Sale of 17 Condo Units Being Offered at $28,000/Unit Less Than the Average Sale Price of the 8 Most Recent Individual Unit Sale in the Community
  • Located Within the Desirable Grand Isles Community of West Palm Beach
  • Built in the Year 2000 with Concrete Block Construction and Barrel Tile Roofs
  • Diverse Unit Mix Containing Large 1-, 2-, and 3-Bedroom Floorplans
  • Central Air Conditioning and Washers and Dryers Throughout Every Unit
  • Conveniently Situated Between Two Major Highways, Interstate-95 and Florida's Turnpike

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market 17 condominiums located within the desirable Grand Isles Condominium Complex located off of North Haverhill Road in West Palm Beach, which is in Palm Beach County, Florida. The offering consists of 17 units, with a unit mix of four (4) 3 bedroom / 2-bathroom, eleven (11) 2 bedroom / 2-bathroom and two (2) 1 bedroom / 1-bathroom units. The Two- and Three- Bedroom floorplans are all over 1000 square feet with the 1- Bedroom floorplans nearly 900 square feet. There is a total of 320 condominium units within the complex with no single entity owning more than 15 percent of the units. The complex was built in 2000 with concrete block construction and a barrel tile roof. Every unit has central air throughout and washers and dryers in unit. All units have their own personal outdoor patio or balcony space. The complex sits on North Haverhill Road, just north of Roebuck Road, between Okeechobee Boulevard and 45th Street. The community is located across the street from Seminole Trails Elementary School and immediately next to the Publix anchored Paradise Place Shopping Center. Grand Isles is conveniently situated between two major highways, Interstate-95 and Florida’s Turnpike. The Grand Isles condominium portfolio offers an investor an excellent opportunity to purchase a bulk sale of 17 condo units being offered at $28,000/unit less than the average sale price of the 8 most recent individual unit sales in the community. The portfolio is currently stabilized offering excellent current cash flow with additional upside by increasing all rents to market rates in the city of West Palm Beach.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower