$1,495,000Active

1000 W LAKEWOOD Road, West Palm Beach, FL 33405

West Palm Beach, FL 33405

5,026

Sq Ft

$297

$/Sq Ft

1926

Year Built

0.31 acres

Lot Size

Listing Snapshot

List Price	$1,495,000
Price / Sq Ft	$297
Beds	0
Baths	0
Living Area	5,026 sqft
Lot Size	0.31 acres

Year Built	1926
Property Tax	$19,640.99/yr
MLS #	1189549073
Status	Active

About This Home

Excellent opportunity to acquire Lakewood Flats, a 7-unit multifamily property located at 1000 W Lakewood Road in West Palm Beach. The property consists of 4 buildings totaling 5,026 gross square feet on a 0.31-acre lot. Built between 1926 and 1940, the property features wood-frame construction, pitched composite shingle roofs, and central air conditioning. The desirable unit mix consists of four 2-bedroom/1-bathroom units, one 2-bedroom/2-bathroom unit, and two 3-bedroom/1-bathroom units, providing larger floorplans that appeal to a broad tenant base. Conveniently located near Southern Boulevard, Dixie Highway, and I-95, with easy access to Downtown West Palm Beach, Palm Beach Island, Palm Beach International Airport, Palm Beach Atlantic University, and major employment centers. Lakewood Flats offers investors a boutique, low-density multifamily asset with a strong unit mix in the growing West Palm Beach rental market.

General Features

Property Type: ResidentialIncome
Sub-type: Quadruplex
Stories: 2
Parking Spaces: 7
Zoning: SF7 (city)
Utilities: CableAvailable,ElectricityAvailable,SewerAvailable,WaterAvailable
Subdivision: LAKEVIEW RIDGE