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Multifamily

Sunrise Drive Villas

9305 Sunrise Dr, West Palm Beach, FL 33403

Listing Price: $1,550,000

Cap Rate
5.40%
Number of Units
8
Occupancy
95.0%
Price/Unit
$193,750

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market Sunrise Drive Villas which is located at 9305 & 9326 Sunrise Drive, West Palm Beach, which is in Palm Beach County, Florida. The property consists of seven two-bedroom / one- bathroom units and one (1) three- bedroom / one- bathroom unit built in 1972. Sunrise Drive Villas is comprised of four buildings over two contiguous parcels (00-43-42-18-02-000-0080, 00-43-42-18-02-000-0090) totaling .78 acres. Each building is built of concrete block construction and has central air-conditioning throughout. Located on Sunrise Drive the asset sits just north of Northlake Boulevard which contains all of the area's well known retail and restaurants. Located approximately a half of a mile from Interstate 95 the property also benefits from its close proximity to the highway. Sunrise Drive Villas provides an investor an excellent opportunity to purchase a stabilized, cash-flowing multifamily asset in the desirable West Palm Beach market.

Investment Highlights

  • Located in the Densely Populated West Palm Beach Rental Market
  • All Units are Large Two-Bedroom and Three-Bedroom Floor Plans
  • Separately Metered for both Water and Electric
  • Central Air Conditioning and Concrete Block Construction Throughout
  • Conveniently Located Less than One Mile from Interstate 95

Exclusively Listed By

Financing By

Listing Price: $1,550,000

Cap Rate
5.40%
Number of Units
8
Occupancy
95.0%
Price/Unit
$193,750

Investment Highlights

  • Located in the Densely Populated West Palm Beach Rental Market
  • All Units are Large Two-Bedroom and Three-Bedroom Floor Plans
  • Separately Metered for both Water and Electric
  • Central Air Conditioning and Concrete Block Construction Throughout
  • Conveniently Located Less than One Mile from Interstate 95

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market Sunrise Drive Villas which is located at 9305 & 9326 Sunrise Drive, West Palm Beach, which is in Palm Beach County, Florida. The property consists of seven two-bedroom / one- bathroom units and one (1) three- bedroom / one- bathroom unit built in 1972. Sunrise Drive Villas is comprised of four buildings over two contiguous parcels (00-43-42-18-02-000-0080, 00-43-42-18-02-000-0090) totaling .78 acres. Each building is built of concrete block construction and has central air-conditioning throughout. Located on Sunrise Drive the asset sits just north of Northlake Boulevard which contains all of the area's well known retail and restaurants. Located approximately a half of a mile from Interstate 95 the property also benefits from its close proximity to the highway. Sunrise Drive Villas provides an investor an excellent opportunity to purchase a stabilized, cash-flowing multifamily asset in the desirable West Palm Beach market.

Exclusively Listed By

Financing By

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