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Multifamily

West Palm Portfolio

16106 Glenmoor Dr, West Palm Beach, FL 33409

Listing Price: $2,399,000

Cap Rate
5.61%
Number of Units
12
GRM
9.03
Occupancy
100.0%
Price/Unit
$199,917

Investment Overview

Marcus and Millichap has been exclusively engaged to bring to market a 12 unit assemblage of rental condo units in the heart of West Palm Beach, Florida. These units, consisting of one and two bedroom townhomes and Villas, are located in the Sterling Villages and Milano communities on Village Boulevard- separated by a very short 1 minute drive.
Sterling Villages features 8 units: four 1 bedroom and four 2 bedroom units.
Milano units include three 2 bedroom and one 1.5 bedroom units.
These communities feature pool/ hot tub/ tennis/clubhouse/exercise room/community room/picnic areas etc. Golf enthusiasts will also love that both communities are adjacent to the Bears Lake Country Club which boasts two Nicklaus designed golf courses.
These highly desirable units are just 8 minutes from Palm Beach International Airport and 12 minutes to downtown West Palm Beach.
About West Palm Beach: West Palm Beach puts the excitement and extravagance of South Florida in your lap without the exorbitant price tag. It’s a great community for folks who like to stay active: The Lake Trail offers a chance to ride a bike through a scenic route lined by majestic trees, historic mansions (including Henry Flagler’s Sea Gull Cottage), and the Intracoastal Waterway.
The nightlife along Clematis Street and at the CityPlace complex provides enough variety to ensure that there are always plenty of options for your after-hours adventures. Finally, numerous performance venues and music festivals bring an eclectic roster of concerts to the community.

Investment Highlights

  • 12 condo units in the Sterling Villages and Milano communities in West Palm Beach, Fla
  • 100% occupied, and featuring a unit mix that includes 1 and to bedroom townhouses and Villas
  • Community Amenities include Pool, Sauna, exercise rooms, community rooms, tennis, racquetball etc.

Exclusively Listed By

  • Chip Collins

    Licensed Real Estate Salesperson

    (201) 742-6124

    Email Chip

    License(s): NJ: 0016571, NY: 10401230649, PA: RSR001965

    New Jersey

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Multifamily

West Palm Portfolio

Listing Price: $2,399,000

Cap Rate
5.61%
Number of Units
12
GRM
9.03
Occupancy
100.0%
Price/Unit
$199,917

Investment Highlights

  • 12 condo units in the Sterling Villages and Milano communities in West Palm Beach, Fla
  • 100% occupied, and featuring a unit mix that includes 1 and to bedroom townhouses and Villas
  • Community Amenities include Pool, Sauna, exercise rooms, community rooms, tennis, racquetball etc.

Investment Overview

Marcus and Millichap has been exclusively engaged to bring to market a 12 unit assemblage of rental condo units in the heart of West Palm Beach, Florida. These units, consisting of one and two bedroom townhomes and Villas, are located in the Sterling Villages and Milano communities on Village Boulevard- separated by a very short 1 minute drive. Sterling Villages features 8 units: four 1 bedroom and four 2 bedroom units. Milano units include three 2 bedroom and one 1.5 bedroom units. These communities feature pool/ hot tub/ tennis/clubhouse/exercise room/community room/picnic areas etc. Golf enthusiasts will also love that both communities are adjacent to the Bears Lake Country Club which boasts two Nicklaus designed golf courses. These highly desirable units are just 8 minutes from Palm Beach International Airport and 12 minutes to downtown West Palm Beach. About West Palm Beach: West Palm Beach puts the excitement and extravagance of South Florida in your lap without the exorbitant price tag. It’s a great community for folks who like to stay active: The Lake Trail offers a chance to ride a bike through a scenic route lined by majestic trees, historic mansions (including Henry Flagler’s Sea Gull Cottage), and the Intracoastal Waterway. The nightlife along Clematis Street and at the CityPlace complex provides enough variety to ensure that there are always plenty of options for your after-hours adventures. Finally, numerous performance venues and music festivals bring an eclectic roster of concerts to the community.

Exclusively Listed By

  • Chip Collins

    Licensed Real Estate Salesperson

    (201) 742-6124

    Email Chip

    License(s): NJ: 0016571, NY: 10401230649, PA: RSR001965

    New Jersey

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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