$6,250,000
Palm Beach, FL 33480
MLS# RX-11126123
12 baths | 3680 sqft
1 / 63
Property Description
Exceptional investment opportunity in Palm Beach! This fully renovated 8-unit multi-family building is ideally located just one block from the Ocean and one block from the scenic Lake Trail. The property offers a desirable unit mix: 4 studio apartments, 2 one-bedroom/1.5-bath units, and 2 two-bedroom/two-bath units. Every residence has been updated from top to bottom and features impact-rated windows and doors. The building is fully leased, providing immediate cash flow in one of South Florida's most sought-after markets. With its prime location and modern upgrades, this property is a rare chance to own a turnkey asset in Palm Beach.
Details
Contract Information
Status: Active
Original List Price: 6250000
Auction: No
List Price: $6,250,000
Current Price: $6,250,000
List Price/Bldg SqFt: 1698.37
Listing Date: 2025-09-22
Negotiable Seller Concessions YN: Yes
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: Multi-Family
Subdivision: JEANETTE COURT
Year Built: 1928
SqFt - Living: 3680
SqFt Source: Tax Rolls
# of Stories: 2
Total Units: 8
Baths - Total: 12
Acres: 0.1
% Air Conditioned: 100
Waterfront: No
Location Tax Legal
Area: 5002
County: Palm Beach
Parcel ID: 50434315060000040
Street #: 212
Street Name: Oleander
Street Suffix: Avenue
Zip Code: 33480
Legal Desc: JEANETTE COURT ADD LT 4
Geo Lat: 26.721268
Geo Lon: -80.038523
Building Info
# of Tenants: 8
Unit 1
Unit Desc: 1 Bedroom
Full Baths: 1
Half Baths: 1
Ann Rent: 4000
Rent Period: Month
Unit 2
Unit Desc: 2 Bedroom
Full Baths: 2
Ann Rent: 4000
Rent Period: Month
Unit 3
Unit Desc: 1 Bedroom
Full Baths: 1
Half Baths: 1
Ann Rent: 4000
Rent Period: Month
Unit 4
Unit Desc: 2 Bedroom
Full Baths: 2
Ann Rent: 3200
Rent Period: Month
Unit 5
Unit Desc: Efficiency
Full Baths: 1
Ann Rent: 2000
Rent Period: Month
Unit 6
Unit Desc: Efficiency
Full Baths: 1
Ann Rent: 2000
Rent Period: Month
Unit 7
Unit Desc: Efficiency
Full Baths: 1
Ann Rent: 1750
Rent Period: Month
Unit 8
Unit Desc: Efficiency
Full Baths: 1
Ann Rent: 2000
Rent Period: Month
Property Features
Use: Income
Type of Building: Resident. Multi-Fam.
Construction: Stucco
Sale Includes: Building and Land
Avail Docs: Survey
Avail Info: Existing Survey; Owner managed
Flooring: Tile; Wood Floor
Cooling: Central Individual; Humidistat; Wall-Win A/C
Heating: Electric
Fire Protect: Smoke Detector
Tenant Pays: Cable; Electric
Utilities: Cable; Electric; Public Sewer; Public Water
Roof: Other
Terms Considered: Cash; Conventional
Lease: Subject to Lease
Possession: Funding; Subject to Lease
Listing Office: Douglas Elliman (Jupiter)
Last Updated: September - 23 - 2025
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