th Street Apartments West Palm Beach FL...Housing demand in Palm Beach County is at historic highs in the face of a quickly growing population and continued growth in the multi-family

817 7th Street ApartmentsWest Palm Beach FL

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817 7th Street ApartmentsOverview

Located just a short walk from Downtown West Palm Beach, one of South Florida’s largest entertainment, employment, and commerce centers, the four units located at 817 7th Street offer fantastic investment potential. Housing demand in Palm Beach County is at historic highs in the face of a quickly growing population and continued growth in the multi-family housing sector.

People come to South Florida from all over the country to live, work, and play due to its combination of a bustling economy, warm temperate weather year round, career potential, and beautiful beaches. Due to this long-standing fact, affordable rental housing is the highest demand sector of the local residential real estate market. With the construction of thousands of new Class A units throughout the county, existing Class B and C rental properties such as this have become the primary source of housing for many of South Florida’s residents, as land and development costs dictate much higher rents for class A apartments, which prices many residents out of that market.

Featuring a combination of durable concrete block and wood frame construction, along with a very marketable and unique unit mix, these four units are eminently lease-able and offer features to tenants not normally found in a rental property of this type. The front of the lot is occupied by a 2 story, 5 bedroom single family home. Behind, across a large courtyard, are 3 apartment units; one studio, one 1 bedroom, and one 2 bedroom unit.

Local government programs in this area have made improvement grants available to local owners. Through this program, landlords can secure substantial funds to improve their rental property for the good of the tenant base and the area at large, further bolstering the investment potential in this area. More info on this is available from the listing agent.

Offering an extraordinary opportunity to take advantage of current housing trends in the area, 817 7th St is ideally positioned to provide long term, reliable cash flow to the savvy multifamily investor, along with ease of management and market-driven stability.

Asset Snapshot

• List Price: $275,000• Capitalization Rate: 8.95% (Nearly 11% at Market Rents)• 31% Market Cash on Cash Return• 4 Units

• One 5 Bedroom House• One 2 Bedroom Unit• One 1 Bedroom Unit• One Efficiency

• 100% Occupied• Diverse and marketable unit mix enables ownership to capitalize on demand at all rental levels in

the local market.• Features low-maintenance CBS construction and durable woodframe/siding construction.• Short drive or walk to

• Downtown West Palm beach• Palm Beach Island• Intracoastal Waterway• Atlantic Coast Beaches

• Courtyard area separating buildings allows off-street recreation space for tenants and families.• Positioned in highest demand sector of Palm Beach Co rental market.• Grants available to property owners through local government programs to promote upgrades and

investment.

Intracoastal Waterway

Downtown West PB

Palm Beach Island

817 7th Street Apartments

817 7th St

Boynton Beach, Delray Beach, Ft. Lauderdale, Miami

Martin J. Goldstein - (561) 310-0935

Russell L. Goldstein - (561) 503-3648

http://www.the-goldstein-group.com

817 7th Street ApartmentsFinancial Data




Photographs817 7th St Apartments


















Contact Listing Agents

Martin J. GoldsteinLic. Real Estate Broker

[email protected]

(561) 310-0935

Russell L. [email protected]

(561) 503-3648

For more information or to schedule a property tour please do not hesitate to contact us at the numbers and/or email addresses below:

817 7th St Apartments

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th Street Apartments West Palm Beach FL...Housing demand in Palm Beach County is at historic highs in the face of a quickly growing population and continued growth in the multi-family