Interior
- Bathrooms
- 0
Active · MultiFamily
$2,500,000
1401 Division Avenue, West Palm Beach, FL 33401
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1913
- Lot size
- —
- HOA fee
- —
- Annual tax
- —
About this property
Presenting a turnkey 13-unit multifamily property, ideally located in high-growth West Palm Beach. This asset offers a rare opportunity to acquire a fully stabilized, low-maintenance investment. The property underwent a complete renovation in 2021, featuring new mechanical systems, impact-rated windows and doors, and modern interior finishes throughout. The desirable unit mix consists of five (5) 2-bedroom/1-bath units, seven (7) 1-bedroom/1-bath units, and one (1) studio. Onsite amenities include a laundry facility and 18 dedicated parking spaces. The property is individually metered for electricity.
Property location
Get Directions1401 Division Avenue, West Palm Beach, FL 33401
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Facts & features
Exterior & Structure
- Property type
- MultiFamily
- Year built
- 1913
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Palm Beach
- MLS listing ID
- R11123079
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$4,893
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $11,851/mo
- Down payment
- $625,000
- Loan amount
- $1,875,000
- Annual NOI
- $83,500
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.