For Sale
$1,050,000

3157 Cherokee AveWest Palm Beach, FL 33409

High-Yield Triplex, Updated & Occupied

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fully occupied, updated triplex located at 3157 Cherokee Ave, West Palm Beach, FL 33409. Built in 1979, this single-story apartment building offers a compelling return on investment. The property boasts significant recent renovations, including brand new storm-proof windows and doors throughout, ensuring both durability and energy efficiency. All three units feature completely remodeled bathrooms and kitchens, complete with new cabinets, tile flooring, and modern appliances. Further upgrades include new closets, lighting, and interior doors. High-speed internet connectivity is facilitated by existing Cat5 wiring. Each unit enjoys its own private paved yard. The property also includes a substantial 3000 square foot parking lot built on a 6-inch concrete slab, providing ample parking for residents. Additional improvements include a newly renovated laundry room and updated mailboxes. The property's convenient location in West Palm Beach adds to its appeal, promising strong rental demand and ease of management. This turnkey investment is ready for immediate income generation. The asking price is $1,050,000.

Highlights

  • $1,050,000 asking price.
  • West Palm Beach, FL multifamily investment opportunity.
  • 1979-built, one-story triplex.
  • Completely renovated with new bathrooms, cabinets, tile floors, appliances, windows, doors, paint, closets, lighting, and mailboxes.
  • Features a 3,000 sq ft paved parking lot and a laundry room.
  • Currently fully occupied with good tenants.

Property Details for 3157 Cherokee Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1979
Stories
1

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7039617
Longitude
-80.089263
3157 Cherokee Ave, West Palm Beach, Florida

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3157 Cherokee Ave
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