North Palm Beach, FL Multifamily Homes For Sale

Absolutely gorgeous triplex | prime palm beach location | huge oversized lot | investor hidden gen | immediate cash-flow opportunity | all unit currently rented | well-kept property | 3 updated units | private entrances | dedicated open parking | updated kitchens | well-maintained landscaping | screened patio | expanding opportunity, zoned for 5 units | minutes to jupiter beach, dubois park, juno beach park beach, and palm beach gardens, fine dining, shops, i-95 and so much more! Present all offers! Open showings 12/6 10:30 am - 11:30 am

Presenting one of the most unique multifamily properties in all of palm beach county, welcome to cutler's cove in north palm beach. This waterfront, twelve (12) unit apartment complex is 100% leased with virtually zero turnover in the last five years is the cash cow you have been waiting for! Cutler's cove has a diverse unit mix consisting of five (5) one bedroom units, five (5) two bedroom units, one (1) three bedroom unit, and a studio apartment with a gla of approximately 11, 040 sf and an average of 829 sf per unit. Additionally, this property is also situated on an enormous cove with 210' of linear water-frontage, providing tenants beautiful waterfront views that demand a premium. This water-frontage gives any value-add investor the rare ability install a large dock capable of accommodating several boat slips, which will undoubtedly produce additional rental income. With just one fixed bridge (with a maximum height clearance of 17') before hitting the intracoastal waterway, this is truly one of the most unique value-add opportunities in south florida's multifamily market. All twelve (12) units were renovated after the current owner purchased the property and every unit has ceramic tile floors, durable millwork throughout, and granite countertops in both the kitchen and bathrooms. Each unit also has its own private, waterfront balcony with beautiful views at any time of the day. Other building amenities include complete hurricane impact windows & doors, two staircases on either side of the building, and most importantly, a top of the line elevator for tenants unable to utilize stairs. The exterior of the building was painted within the last twelve months and the asphalt parking lot was redone and re-striped at the same time. Currently, the gross monthly income is approximately $20, 500 which gives an average for all twelve units of only $1.85 psf and is far below current market rates in the area. In addition, all twelve units are on month-to-month leases, which gives any investor the ability to raise rents immediately after the acquisition. When comparing the average rent per unit at the subject property ($1, 705/month) to the palm beach county average ($2, 530/month), it is clear to see that there is a massive opportunity for growth here with this asset. For the conservative investors, bumping the average rent to an affordable rate of $2, 000/month (20% below county average) per unit would still generate a 17% increase to the monthly gross income without spending a dollar and would take the annual income from $245, 460 to $288, 000 overnight. Opportunities like this do not last long!

Completely updated, income-producing duplex in juno ridge! This stunning turnkey property has been thoughtfully renovated from top to bottom and is ready for immediate occupancy. Recent improvements include brand-new a/c systems, stylishly remodeled kitchens and bathrooms, updated appliances, modern flooring, recessed lighting, and a newly added privacy fence. Each unit features its own washer and dryer, private outdoor area, and hurricane-impact windows and doors throughout. Offering plenty of parking and an unbeatable location, this duplex is perfect for short-term rental opportunities—located just 2 miles from macarthur state park, less than half a mile from juno park and seasons 52, and under 2 miles from the gardens mall. A fantastic opportunity to live in one side while generating rental income from the other, or maximize returns by leasing both units.

North palm beach investment opportunity. Turnkey income-producing 4-unit multifamily property featuring three studio apartments and one 1-bedroom unit in a highly desirable north palm beach location. Short distance to palm beach state college, shopping, dining, and the beach, ensuring strong rental demand year-round. Built with durable cbs construction, this property offers separate fpl meters, well water (no water bills), and a shared laundry room for tenant convenience. Units rent quickly and consistently, making this a solid cash-flowing asset. Ideal for investors seeking steady returns or an owner-occupant looking to live in one unit while renting the others. Don't miss this opportunity to own a reliable, low-maintenance property in one of palm beach county's best rental markets.

Discover this duplex nestled in north palm beach in a non-hoa community, conveniently located from pga blvd and minutes to the beach.Featuring a new electrical panel and updated finishes throughout, this well-maintained two-unit property offers private back patios for each unit, in-unit washers and dryers, ample parking, and an attached garage. With an efficient layout that maximizes the available square footage, it presents an excellent opportunity for investors or buyers seeking multiple income streams in a rapidly growing community. May be sold together with parcel 00434204000003861. Unit 1 photographed and vacant and unit 2 tenant occupied.

Discover this triplex situated minutes from the beach in a non-hoa community offering an excellent opportunity for investors or owner-occupants seeking a multi-unit income-producing asset or streamlined residential arrangement. The thoughtful layout maximizes usable space across the three connected units, making efficient use of every square foot. Features all-new electrical throughout, a recently installed water softener and water purification system, mature fruit trees, and additional storage space for a boat, trailer, or rv. Located in the prime location of juno ridge in close proximity to pga blvd and the beach, this triplex stands ready for beginning or adding to your investment portfolio! May be sold together with parcel 00434204080000060.

Multi family triplex property impact windows and doors throughout the property installed in november of 2022. Roof installed october of 2022. Seperate utility room includes storage and washer/dryer. Garage workshop is about 250 square feet and possibly could be converted to another unit. Large fenced backyard with potential to divide into two backyards for increased rental income. Efficiency unit could be expanded into the utility room and converted into a 1-bedroom apartment from an efficiency. Due to the proximity of the intracoastal waterway the property may have interest from future waterfront buyers to expand property for larger home.