Skip to main content

Multifamily

3925 7th Ave N

3925 7th Ave N, Palm Springs, FL 33461

Listing Price: $795,000

Cap Rate
3.72%
Number of Units
4
Occupancy
97.0%
Price/Unit
$198,750
Price/Gross SF
$237.17
Gross SF
3,352

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to bring to market 3925 7th Avenue North Apartments, a four-unit apartment community, which has been owned by the same owner for over thirty-three years. The Property is located north of Lake Worth Road and just west of South Military Trail at 3925 7th Avenue North Palm Springs, which is in Palm Beach County, Florida. The property was built in 1971 and consists of two duplexes. Both buildings are single-story and are situated on .68 acres. 3925 7th Avenue North Apartments offers a very desirable mix of all two-bedroom apartments. The exterior of the property was recently painted, and the flat area of the roofs were resurfaced. All of the apartments have wall unit air-conditioning, a separate hot water heater, fully equipped kitchen with all electric appliances, washer and dryer connections and tile flooring throughout. Each unit has two entrances one in the front and one in the rear of the unit, which leads to a laundry room and backyard. The roofs were replaced in 2004. There are nine on-site parking spaces. Residents of 3925 7th Avenue North Apartments are responsible for electricity and cable, while water, sewer, and trash removal are included in the rent and paid for by the owner. 3925 7th Avenue North Apartments offers an investor the opportunity to acquire a four-unit apartment community in an excellent rental market, that sits on .68 acres, which is a double lot. Additionally, the property offers a great unit mix of all two-bedroom units. The property is being sold “as is” with the right to inspect. Please do not go to the property unannounced. Please do not disturb tenants.

Investment Highlights

  • Current Ownership of Over 33 Years
  • Exterior Buildings Recently Painted
  • Excellent Rental Market
  • All Two-Bedroom Floor Plans
  • Washer and Dryer Connections in All Apartments
  • Wall Unit Air-Conditioning
  • Double Lot
  • Tile Flooring Throughout All Apartments

Exclusively Listed By

Financing By

Multifamily

3925 7th Ave N

Listing Price: $795,000

Cap Rate
3.72%
Number of Units
4
Occupancy
97.0%
Price/Unit
$198,750
Price/Gross SF
$237.17
Gross SF
3,352

Investment Highlights

  • Current Ownership of Over 33 Years
  • Exterior Buildings Recently Painted
  • Excellent Rental Market
  • All Two-Bedroom Floor Plans
  • Washer and Dryer Connections in All Apartments
  • Wall Unit Air-Conditioning
  • Double Lot
  • Tile Flooring Throughout All Apartments

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to bring to market 3925 7th Avenue North Apartments, a four-unit apartment community, which has been owned by the same owner for over thirty-three years. The Property is located north of Lake Worth Road and just west of South Military Trail at 3925 7th Avenue North Palm Springs, which is in Palm Beach County, Florida. The property was built in 1971 and consists of two duplexes. Both buildings are single-story and are situated on .68 acres. 3925 7th Avenue North Apartments offers a very desirable mix of all two-bedroom apartments. The exterior of the property was recently painted, and the flat area of the roofs were resurfaced. All of the apartments have wall unit air-conditioning, a separate hot water heater, fully equipped kitchen with all electric appliances, washer and dryer connections and tile flooring throughout. Each unit has two entrances one in the front and one in the rear of the unit, which leads to a laundry room and backyard. The roofs were replaced in 2004. There are nine on-site parking spaces. Residents of 3925 7th Avenue North Apartments are responsible for electricity and cable, while water, sewer, and trash removal are included in the rent and paid for by the owner. 3925 7th Avenue North Apartments offers an investor the opportunity to acquire a four-unit apartment community in an excellent rental market, that sits on .68 acres, which is a double lot. Additionally, the property offers a great unit mix of all two-bedroom units. The property is being sold “as is” with the right to inspect. Please do not go to the property unannounced. Please do not disturb tenants.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower