$2,800,000
14 Unit Garden Style Apartment Building for Sale
Approved for Condo Conversion
Contact Us at 954-805-8385 for a Showing
FOR SALE:
Well maintained garden style apartment building located at
525 S. Broadway in Lantana, Florida in Palm Beach County. The two-story
building is 7,244 square feet and each of the 14 units has 1 bedroom and
1 bathroom. Apartments average 500 square feet. The on-site laundry room
has 2 washers and 2 dryers. There is a 2nd floor storage room as well as
a 1st floor storage closet. The building has a security camera system with a
monitor and a DVR that can store approximately a week’s worth of footage.
It includes six cameras for coverage of the walkways and parking lot.
Due to its close proximity to multiple areas of interest to vacationers,
this multi-family building could be partially or fully turned into an
Airbnb style property to obtain even higher rental rates. The courtyard
may be altered to add additional amenities. Palm Beach State College is
less than 4 miles away, making student housing another option. With
JFK Hospital only 3.5 miles away, traveling nurses have rented apartments
in the area. This multifamily property already has been approved for condo
conversion should the new owner decide to move forward with that option.
Do not disturb tenants. Shown by appointment only. Call us today!
Charles: 954-805-8385 or Leanne: 954-803-9993
This 14-unit garden style apartment is located in a residential neighborhood
with the local elementary and middle schools approximately 4 blocks away.
Lantana Town Hall, Police Department and Fire Department are just 3 blocks
south on Greynolds Circle. The nearest major grocery store is about 8 blocks
away and there are two more located approximately 1.25 miles away. One
of the best features of this building is it’s inviting, yet low maintenance,
courtyard where tenants and their guests can enjoy being outdoors.
Multi-family investors looking for apartment buildings for sale in the
greater West Palm Beach area will appreciate the fact that this property
has been well maintained. The entire apartment building was recently
painted and the landscaping refreshed. The second floor and stair
railings are less than a year old. Soon, the parking lot is scheduled
to be resealed and parking stripes and stops freshly painted.
The exterior LED lights are on automatic dusk-to-dawn timers.
They help provide a well-lit and safe environment for tenants.
- Lantana Apartment Photo Galleries
1 Bedroom / 1 Bathroom Units at 525 S. Broadway in Lantana, Florida These Lantana apartment photo galleries represent the typical units found at 525 S Broadway Lantana, Florida. Each photo gallery is an example of an apartment… Read more: Lantana Apartment Photo Galleries
Listed by Charles Paynter and S. Leanne Paynter
United Realty Group, Inc. | Over 20 offices throughout South Florida and Beyond!