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Two-story exterior featuring a decorative breeze block screen, paved off-street parking, and established palm trees

Aerial perspective featuring a multi-level structure with a gabled roof, paved driveway, and established coastal landscaping, situated within a waterfront residential neighborhood

Bathroom featuring a gray vanity with a white integrated sink, brass-tone hardware, a wall-mounted medicine cabinet, and a walk-in shower with horizontal tile surround

Living room featuring shiplap accent wall, neutral tile flooring, and integrated ceiling fan with light fixture

Bedroom featuring smooth white paneled walls, tile flooring, and a central ceiling fan with an integrated light fixture

Covered exterior walkway featuring a smooth concrete finish, white parapet wall, wall-mounted sconce lighting, and glass-paneled entry doors

Exterior balcony featuring decorative concrete breeze block railing, smooth-finish flooring, and integrated wall-mounted exterior lighting

Kitchen featuring white shaker-style cabinetry, a stone-finish breakfast bar, tile flooring, and decorative tile backsplash

Photo 9

Laundry area featuring dual high-capacity appliances, tiled flooring, and clerestory windows

Exterior utility structure featuring smooth-stucco siding, integrated wall-mounted lighting, tile flooring, and dedicated laundry hookups

Pedestrian plaza featuring a decorative cast-metal street clock, paved hardscaping, a circular stone planter, and mature landscaping

Aerial perspective featuring extensive waterfront access, a boat launch, landscaped green space with palm trees, and proximity to a bridge crossing

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Description

Kislak is pleased to present 309 South Palmway, an eight-unit multifamily investment opportunity in the highly desirable Bryant Park neighborhood of Lake Worth Beach, Florida. South Palmway is one of Lake Worth Beach's most sought-after residential streets, prized for its established character, proximity to the Intracoastal Waterway and access to downtown. The property is just one block from Bryant Park and minutes from Downtown Lake Worth Beach and the Atlantic Ocean. The two-story property consists of eight one-bedroom/one-bathroom residences.Recent capital improvements include a new roof, impact-resistant windows and doors, and complete exterior painting. Amenities include private patios and storage sheds for the four first-floor residences, a detached CBS laundry building with coin-operated washer and dryer, and nine designated, lighted on-site parking spaces.The offering provides investors an opportunity to acquire a well-maintained multifamily asset with significant rental upside. Current rents range from $1,400 to $1,615 per month, compared with projected market rents of $1,800 per unit, representing approximately $29,520 in potential additional annual base rental income. The property's premier South Palmway location, recent improvements and rental upside present a compelling investment opportunity in one of Palm Beach County's desirable coastal markets.

Details

Features

Taxes

Market Activity 33460

MLS Number: A12116601

Listing Provided By: Alexis Shapiro – (954) 573-4449 – ashapiro@onecommercialre.com

J.I. Kislak Realty Corp – (305) 364-4215 – gramirez@kislakrealty.com