This listing is under contract.

Colonial Palms

1101 Colonial Palms Way West Palm Beach, FL 33406

1101 Colonial Palms Way, West Palm Beach, FL, 33406
1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406 1101 Colonial Palms Way, West Palm Beach, FL, 33406
UNDER CONTRACT FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$5,750,000
Last Verified:
Jun 20, 2018

Highlights

  • 96% Occupied
  • 30 Unit Rental Complex
  • 2007 Construction
  • Strong Submarket Population Growth
  • Rents Below Market
  • Fast Rental Absorption and Limited Competition

Description

30 Townhomes Located In 5 Buildings

All 3 Bedroom / 2.5 bath Units

Additional Income Streams Possible

2007 Construction

Solid Rental Demographics

Consistent, Strong Population Growth

Proximate to Shopping & Transit

Proximate to large employers
Less than 3 miles from the Atlantic Ocean
Close proximity to schools, shopping and I-95
New Development in immediate area


Year Built: 2007
Building Size: 40260.0sq ft
Lot Size: 2.71 acres

Map of 1101 Colonial Palms Way, West Palm Beach, FL, 33406

Presented by:
Thumb_056ce05558

Request additional information
Icon_bc44cc5e29
Office: (305) 235-1500


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.