700 North Tamarind Avenue

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700 North Tamarind Avenue

West Palm Beach, FL 33401
Asking Price
$3.41M
Cap Rate
6.63%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

22u | West Palm Beach | $3.41m | $155k per unit | $220psf | 6.52% Cap | 4.67% Loan Available <ul><li>​22 Operating Units (21-Legal) on 20,910sf lot blocks from Downtown West Palm Beach</li><li>​Attractively Priced at $155,000 per unit and $220 per square foot with 64% two beds+</li><li>​Mix of (3) Studios, (5) 1Bed-1Baths, (13) 2Bed-1Baths and (1) 3Bed-1Bath Apartments</li><li>​Optional Fannie Mae Loan Assumption at ~$1,700,000, 4.67% interest rate, due 2032</li><li>​Walking Distance to Clematis Street, Alice Mickens Park and the Amtrak/TriRail Station</li><li>​Proximate to Downtown Wes

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NOI
$80,000
Cap Rate
2.35%
DSCR
0.40
Underwater
Cash-on-Cash
-11.97%
Monthly Payment
$16,870.819
Annual Cash Flow
$-122,449.833

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