3723 Morton Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3723 Morton Ave
6 Unit Apartment Building $1,300,000 ($216,667/Unit) 6.50% Cap Rate West Palm Beach, FL 33405
EXECUTIVE SUMMARY
This is six cottages, 100% tenant occupied on annual leases. The property is zoned multi family (MF20) and there is the optionality to develop up to 9 units (.46 acres). See the diligence report in the documents section. Great West Palm Beach location close to Dixie Hwy and minutes to downtown, beach, I95, and shopping/dining.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,300,000 | Apartment Style | Low Rise |
| Price Per Unit | $216,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 6.50% | Building Size | 3,696 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1922 |
| Price | $1,300,000 |
| Price Per Unit | $216,667 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 3,696 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1922 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 2+1 | 3 | - | - |
| 1+1 | 2 | - | - |
1 of 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 74-43-43-33-29-008-0100 | Improvements Assessment | $0 (2023) |
| Land Assessment | $0 (2023) | Total Assessment | $432,848 (2023) |
PROPERTY TAXES
Parcel Number
74-43-43-33-29-008-0100
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$432,848 (2023)
ZONING
| Zoning Code | MF20 (MF20 (city)/MULTI-FAMILY RESIDENTIAL (HIGH DENSITY) DISTRICT) |
| MF20 (MF20 (city)/MULTI-FAMILY RESIDENTIAL (HIGH DENSITY) DISTRICT) |
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3723 Morton Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.