The Park Manor Portfolio

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Address: 2625 W 28th St, West Palm Beach, FL 33404, USA
Address: 166 W 37th St, West Palm Beach, FL 33404, USA
Address: 167 W 37th St, West Palm Beach, FL 33404, USA
Address: 332 W 37th St, West Palm Beach, FL 33404, USA
Address: 600 W 37th St, West Palm Beach, FL 33404, USA
Address: 3107 Avenue F, West Palm Beach, FL 33404, USA
Address: 3210 Avenue F, West Palm Beach, FL 33404, USA
Address: 3600 Avenue H E, West Palm Beach, FL 33404, USA
Single-family Rental
Created date: March 28, 2024
Date last updated: March 28, 2024

Stable cash flow: The properties produce consistent cash flow. Many tenants are long term and utilize Section 8 housing vouchers, which guarantees most of the rent payment.

Value-add potential: Interior upgrades could increase the value and appeal of the units, either as rentals or for an owner/occupant buyer.

Multiple operational strategies: Primary residence, long term rentals, short term rentals, or a combination of strategies are all possible.

Curated portfolio: Seven of the eight properties are within a few blocks of each other and the eighth is approximately one mile west.

Portfolio Description

Introducing THE PARK MANOR PORTFOLIO, a unique investment opportunity featuring eight properties in desirable Riviera Beach. This portfolio includes a mix of nine single-family houses and three apartment units. The majority of the properties boast stable cash flow from long-term tenants, many of whom have Section 8 housing vouchers. Additionally, there is substantial value-add potential for those looking to enhance and maximize property value through upgrades and strategic leasing. The properties are meticulously maintained, with the option to be sold as a package, in groups, or individually. Seven of the properties are conveniently located within a few blocks of each other, offering a curated investment opportunity. With multiple operational strategies available, from long-term rentals to short-term rentals, this portfolio provides versatility for various investment goals. Don't miss the chance to explore the potential of THE PARK MANOR PORTFOLIO and seize this unique investment prospect!

Portfolio Key Information

Listing Status: Available
Multifamily type: Single-family Rental
Price: $ 2,866,000
No. of Units: 12
Cap Rate: 7.75%
No. of Stories: 1
Opportunity Zone: No
Price per unit: $238,833
Address: 2625 W 28th St, West Palm Beach, FL 33404, USA
Address: 166 W 37th St, West Palm Beach, FL 33404, USA
Address: 167 W 37th St, West Palm Beach, FL 33404, USA
Address: 332 W 37th St, West Palm Beach, FL 33404, USA
Address: 600 W 37th St, West Palm Beach, FL 33404, USA
Address: 3107 Avenue F, West Palm Beach, FL 33404, USA
Address: 3210 Avenue F, West Palm Beach, FL 33404, USA
Address: 3600 Avenue H E, West Palm Beach, FL 33404, USA

FINANCIAL DETAILS

Income/expense info: Actual
Net operating income: 222115.00

Additional contacts

Full name Phone number Email address
Jesse Bailey 561-600-5350 [email protected]

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