For Sale
$1,400,000

3723 Morton AveWest Palm Beach, FL 33405

Six Cottages, Prime Location, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a six-cottage compound situated on a 0.46-acre lot in desirable West Palm Beach, Florida. The property, located at 3723 Morton Avenue, boasts a total of 3,696 square feet and is currently 100% occupied by tenants under annual leases, providing immediate and consistent cash flow. Built in 1922, the charming cottages offer a unique blend of historical character and income-generating potential. The property's multi-family zoning allows for diverse development options, capitalizing on the prime location. Its proximity to Dixie Highway, downtown West Palm Beach, the beach, I-95, and a vibrant array of shopping and dining establishments ensures high demand and strong rental rates. The 33405 zip code further underscores the desirability of this location. This is a rare chance to acquire a well-maintained, income-producing property with significant upside potential in a thriving Florida market. The substantial lot size offers flexibility for future expansion or redevelopment, making this an attractive proposition for both seasoned investors and those seeking a unique portfolio addition. The property's strong tenant occupancy and convenient location combine to create a compelling investment opportunity.

Highlights

  • $1,400,000 asking price.
  • Special purpose property with 3,696 square feet.
  • Six units, 100% occupied with annual leases.
  • Located in West Palm Beach, FL, at 3723 Morton Avenue, zip code 33405.
  • Built in 1922.
  • Multi-family zoning with potential for development on a 0.46-acre lot.

Property Details for 3723 Morton Ave

Property type
Specialty properties
Square Feet
3,696 SF
Year Built
1922
Units
6

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.6776287
Longitude
-80.0561009
3723 Morton Ave, West Palm Beach, Florida

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3723 Morton Ave
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