Sold: 231 S. Palmway, Lake Worth Beach LAKE WORTH BEACH, FL 33460
- MULTI-FAMILY
-
2,900,000
- 7.82%% Cap Rate
MULTI-FAMILY
The Wedgewood poses an incredible opportunity to purchase a
unique oasis in the heart of downtown Lake Worth Beach, Florida. The Wedgewood is comprised of eight (8) private villas and a bonus income- producing studio unit, on two parcels, located just two blocks from
Lake Avenue and a short mile from the beautiful beaches. The interiors boast a hybrid of contemporary features and old Florida charm with original Miami-Dade pine flooring. The property offers a true value-add opportunity to increase rents to market. Additionally, the footprint and location are ideal for vacation rentals. The Wedgewood is a truly one-of- a-kind asset boasting generational appeal to discerning investors.
• Great vacation rental opportunity
• Walk to downtown and beaches
• Located on secured corner lot, just under 0.5 acres • Value-add opportunity by raising rents to marker
• Eight (8) villas plus bonus studio
If you would like to learn more about The Wedgewood, or discuss the current market valuation of your property, please do not hesitate to reach out to me for a confidential conversation.
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Alexis
Shapiro
Multifamily Advisor
Property Info
-
8 UNITS
+ BONUS STUDIO
-
7,251 SF
GBA
-
0.46 ACRES
LOTE SIZE
-
1947
BUILT
-
$386.15
PSF
-
$2,900,000
ASKING PRICE
Location
231 S. Palmway, Lake Worth Beach,
LAKE WORTH BEACH, FL 33460
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