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    1614 N Congress Avenue

    West Palm Beach, FL 33409
    • $10,000,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: RX-10690659
    UPDATED: 34 min ago
    $10,000,000
    • 0
      BEDS
    • 6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    5 parcels to build 199 units. Owner has plans and permits to build and bids to build as well. Total land and construction cost will be at $45M and this deal is set at a 7.4 CAP Rate. Rental units are projected to be at $1.75PSF.

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    www.jackcodengroup.com/homes/114028124
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    1614 N Congress Avenue West Palm Beach, FL 33409

    • Price: $10,000,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: RX-10690659
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6
    Acres
    Neighborhood:
    Congress
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    5 parcels to build 199 units. Owner has plans and permits to build and bids to build as well. Total land and construction cost will be at $45M and this deal is set at a 7.4 CAP Rate. Rental units are projected to be at $1.75PSF.
    Exterior Features

    Front Exposure North Ground Cover Other Improvements None Lot Description 5 To 10 Acres Roads Other Trees Other View Lake Water Frontage 600 Waterfront Description Lake Waterfront YN Yes

    Property Features

    Available Docs None Development Status Unrecorded Plat Homeowners Association None Land Type Commercial Land List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location CityOther Parcels 5 REO No Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Style Multi-Family High DeMulti-Family Med DenOther Tax Amount 7130.00 Tax Year 2020 Terms Considered Other Utilities Available None Utilities On Site None Zoning Rm

    Listing provided courtesy of Beycome Of Florida Llc. Listing information © 2021 BeachesMLS
     
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    The Jack Coden Group | Keller Williams Eagle Realty
    700 NE 90th St
    Miami FL, 33138