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$6,500,000
Est. payment /mo
80 Baths
904 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 904 sqft
Price per Sqft $7,190
MLS Listing ID R11144361
Construction Status Resale
HOA Y/N No
Year Built 1989
Annual Tax Amount $150,489
Tax Year 2025
Property Sub-Type Multi Family
Property Description
Palm Beach Place & Palm Beach Grande are a community of 304 condominium units located in Royal Palm Beach. The community offers two pools, tennis courts, and a fitness center. 40 units in this condominium complex are FOR SALE.
Investment Opportunity, Offering Overview: A rare opportunity to acquire 40 individually owned condominium units within two established West Palm Beach communities — Palm Beach Grande Condominiums and Palm Beach Place Condominiums. This portfolio presents a turn-key investment with stable cash flow, strong rental demand, and significant long-term appreciation potential in one of South Florida's most desirable submarkets. Palm Beach Place & Palm Beach Grande are a community of 304 condominium units located in Royal Palm Beach. The community offers two pools, tennis courts, and a fitness center. 40 units in this condominium complex are FOR SALE.
Investment Opportunity, Offering Overview: A rare opportunity to acquire 40 individually owned condominium units within two established West Palm Beach communities Palm Beach Grande Condominiums and Palm Beach Place Condominiums. This portfolio presents a turn-key investment with stable cash flow, strong rental demand, and significant long-term appreciation potential in one of South Florida's most desirable submarkets. Portfolio Highlights, Units Available: 40 of 304 total, Unit Mix: One, two and three bedroom residences Average Size: 900-1,200 SF per unit.
Communities: Palm Beach Grande & Palm Beach Place
Occupancy: High in-place tenant occupancy with consistent rental demand. Management: Professionally managed condominiums with well-maintained common areas. Investment Advantages, Turn-Key Portfolio: Immediate income from performing rental units.
Scalable Acquisition: Large multi-unit purchase offering economies of scale. Strong West Palm Beach Market: Limited new multifamily supply, high demand for quality rental housing. Value-Add Potential: Opportunities for interior upgrades to increase rents. Low Operational Overhead: Condo associations handle exterior maintenance and common areas. Diversification: Multiple units across two distinct communities reduce risk. Community & Location, Palm Beach Grande: Lakefront setting with resort-style amenities including swimming pool, fitness center, and tennis courts. Palm Beach Place: Gated community featuring tropical landscaping, clubhouse, pool, and fitness center. Proximity: Minutes to I-95, Florida's Turnpike, and downtown West Palm Beach
10-15 minutes to Palm Beach International Airport and Palm Beach beaches. Close to major employers including Amazon, Pratt & Whitney, healthcare centers, and logistics hubs. Unit Features, Spacious open-concept layouts with living, dining, and kitchen areas. Private balconies or patios, many with lake or garden views. Tile or vinyl plank flooring for low-maintenance living. Washer/dryer hookups and modern kitchen finishes. Some units recently updated for added value. Investment Summary, This portfolio represents a high-quality, income-generating investment in a sought-after South Florida market. With immediate cash flow, strong rental fundamentals, and opportunities for rent growth and value-add improvements, it is ideally suited for investors seeking scale, diversification, and long-term appreciation.
Built in 1989, the property boasts a desirable 98% occupancy rate, ensuring consistent rental income. With a prime location in the sought-after West Palm Beach area and zoned RS, this well-maintained building offers a lucrative investment with potential for value appreciation. Investors will appreciate the stable income stream and the potential for further growth in this thriving market. Don't miss the chance to add this impressive property to your portfolio.
Investment Opportunity, Offering Overview: A rare opportunity to acquire 40 individually owned condominium units within two established West Palm Beach communities — Palm Beach Grande Condominiums and Palm Beach Place Condominiums. This portfolio presents a turn-key investment with stable cash flow, strong rental demand, and significant long-term appreciation potential in one of South Florida's most desirable submarkets. Palm Beach Place & Palm Beach Grande are a community of 304 condominium units located in Royal Palm Beach. The community offers two pools, tennis courts, and a fitness center. 40 units in this condominium complex are FOR SALE.
Investment Opportunity, Offering Overview: A rare opportunity to acquire 40 individually owned condominium units within two established West Palm Beach communities Palm Beach Grande Condominiums and Palm Beach Place Condominiums. This portfolio presents a turn-key investment with stable cash flow, strong rental demand, and significant long-term appreciation potential in one of South Florida's most desirable submarkets. Portfolio Highlights, Units Available: 40 of 304 total, Unit Mix: One, two and three bedroom residences Average Size: 900-1,200 SF per unit.
Communities: Palm Beach Grande & Palm Beach Place
Occupancy: High in-place tenant occupancy with consistent rental demand. Management: Professionally managed condominiums with well-maintained common areas. Investment Advantages, Turn-Key Portfolio: Immediate income from performing rental units.
Scalable Acquisition: Large multi-unit purchase offering economies of scale. Strong West Palm Beach Market: Limited new multifamily supply, high demand for quality rental housing. Value-Add Potential: Opportunities for interior upgrades to increase rents. Low Operational Overhead: Condo associations handle exterior maintenance and common areas. Diversification: Multiple units across two distinct communities reduce risk. Community & Location, Palm Beach Grande: Lakefront setting with resort-style amenities including swimming pool, fitness center, and tennis courts. Palm Beach Place: Gated community featuring tropical landscaping, clubhouse, pool, and fitness center. Proximity: Minutes to I-95, Florida's Turnpike, and downtown West Palm Beach
10-15 minutes to Palm Beach International Airport and Palm Beach beaches. Close to major employers including Amazon, Pratt & Whitney, healthcare centers, and logistics hubs. Unit Features, Spacious open-concept layouts with living, dining, and kitchen areas. Private balconies or patios, many with lake or garden views. Tile or vinyl plank flooring for low-maintenance living. Washer/dryer hookups and modern kitchen finishes. Some units recently updated for added value. Investment Summary, This portfolio represents a high-quality, income-generating investment in a sought-after South Florida market. With immediate cash flow, strong rental fundamentals, and opportunities for rent growth and value-add improvements, it is ideally suited for investors seeking scale, diversification, and long-term appreciation.
Built in 1989, the property boasts a desirable 98% occupancy rate, ensuring consistent rental income. With a prime location in the sought-after West Palm Beach area and zoned RS, this well-maintained building offers a lucrative investment with potential for value appreciation. Investors will appreciate the stable income stream and the potential for further growth in this thriving market. Don't miss the chance to add this impressive property to your portfolio.
Location
State FL
County Palm Beach
Area 5580
Zoning Condo
Interior
Interior Features InteriorFeatures
Heating Central, Individual
Cooling Central Air
Flooring Concrete, Ceramic Tile
Fireplace No
Exterior
Water Access Desc Public
Roof Type Other
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 00424329270256014
Security Features Fire Alarm,Smoke Detector(s)
Acceptable Financing Cash, Conventional, Trade
Listing Terms Cash, Conventional, Trade
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Listed by David C Joseph Jr. The Keyes Company
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