1000 W LAKEWOOD Road

Highlights:

• Lot Features: 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre
• Gross Income: 159000
• Bathrooms Total: 0
• Documents Available: Investment Analysis
• Cooling: Wall/Window Unit(s)
• Heating: Window/Wall
• Construction Materials: Frame, Frame With Stucco

Description:

Excellent opportunity to acquire Lakewood Flats, a 7-unit multifamily property located at 1000 W Lakewood Road in West Palm Beach. The property consists of 4 buildings totaling 5,026 gross square feet on a 0.31-acre lot. Built between 1926 and 1940, the property features wood-frame construction, pitched composite shingle roofs, and central air conditioning. The desirable unit mix consists of four 2-bedroom/1-bathroom units, one 2-bedroom/2-bathroom unit, and two 3-bedroom/1-bathroom units, providing larger floorplans that appeal to a broad tenant base. Conveniently located near Southern Boulevard, Dixie Highway, and I-95, with easy access to Downtown West Palm Beach, Palm Beach Island, Palm Beach International Airport, Palm Beach Atlantic University, and major employment centers. Lakewood Flats offers investors a boutique, low-density multifamily asset with a strong unit mix in the growing West Palm Beach rental market.

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Listing ID: B26071849