$2,400,000
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10,224 SqFt
SOLD DATE : 08/14/2026
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 10,224 sqft
Price per Sqft $220
Subdivision Lake Park Add 3
MLS Listing ID A11858108
Sold Date 08/14/26
Style Fourplex
HOA Y/N No
Year Built 1963
Annual Tax Amount $28,606
Tax Year 2024
Contingent No Contingencies
Property Sub-Type Quadruplex
Property Description
Exceptional opportunity to acquire a 10,000 SF, 8-unit multifamily property in the highly desirable Lake Park area, just minutes from vibrant Downtown West Palm Beach and the Intracoastal. Featuring 7- 3 bedroom/2 bathroom and 1- 2 bedroom/1 bathroom apartments, this concrete block construction building has been fully renovated, with updated interiors, modern finishes, units separately metered, central AC and a brand-new roof (2025). Amenities include on-site laundry, 12 dedicated parking spaces, and strong tenant appeal. With a net income of $154,000 and priced at under $260 per SF, this asset offers both solid cash flow and long-term appreciation potential.
Location
State FL
County Palm Beach
Community Lake Park Add 3
Area 5270
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Exterior
Pool None
Community Features Laundry Facilities
Utilities Available Cable Available
Roof Type Concrete
Total Parking Spaces 12
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Sewer Public Sewer
Water Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Others
Tax ID 36434221031350010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Atlantic Florida Properties Inc