$895,000 This is actually a 5 unit apartment building in Mercer Park. Walking distance to down town West Palm Beach. Two- 2 bedroom units, 2- one bedroom units and a studio. Gross Rents of $88,440/year! Off street parking for 7 cars. Unit 5 is a studio and rents for $1075/mth. Priced at an almost 7% cap rate. This one will not last! B26044176 MLS This is actually a 5 unit apartment building in Mercer Park. Walking distance to down town West Palm Beach. Two- 2 bedroom units, 2- one bedroom units and a studio. Gross Rents of $88,440/year! Off street parking for 7 cars. Unit 5 is a studio and rents for $1075/mth. Priced at an almost 7% cap rate. This one will not last! 1331 Longwood Street, West Palm Beach
$2,195,000 This offering consists of four contiguous parcels forming a multifamily development assemblage in the Mercer Park neighborhood of West Palm Beach. The site is zoned MF14 and includes preliminary plans for a 12-unit development, incorporating a workforce housing density bonus. It is currently improved with three income-producing houses that collectively generate approximately $7,700 per month. All parcels are being sold together as a single assemblage. Seller prefers to sell parcels together. Development feasibility details and preliminary plans are available upon request. The buyer is responsible for verifying zoning classifications, allowable density, and overall development potential with the City of West Palm Beach B26042199 MLS This offering consists of four contiguous parcels forming a multifamily development assemblage in the Mercer Park neighborhood of West Palm Beach. The site is zoned MF14 and includes preliminary plans for a 12-unit development, incorporating a workforce housing density bonus. It is currently improved with three income-producing houses that collectively generate approximately $7,700 per month. All parcels are being sold together as a single assemblage. Seller prefers to sell parcels together. Development feasibility details and preliminary plans are available upon request. The buyer is responsible for verifying zoning classifications, allowable density, and overall development potential with the City of West Palm Beach 1340 Longwood Street, West Palm Beach