Turnkey 13-Unit Apartment
For Sale
$2,500,000
1401 Division Ave, West Palm Beach, FL 33401
Renovated multifamily with 13 individually metered units, dedicated parking, and an on-site laundry facility.
Property SizeContact for details
Days on Market54
Property Features for 1401 Division Ave
General Information
Standard status
Active
Total Parking Spaces
18
Property subtype
Commercial
Additional Details
Business Included
Yes
Multifamily Units
13
Building Details
Year Built
1913
Year Renovated
2021
Tenancy
Multi
Listing Agency:
Kanga Property Management
(561) 803-7779
Listed By:
Christopher S. Alexander · License #3238402
(561) 803-7779
Source:
Elliman
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 7 at 5:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kanga Property Management
Investment Insights
Based on property information with market context.
This turnkey 13-unit multifamily property features a tenant-ready unit mix of five 2-bedroom/1-bath units, seven 1-bedroom/1-bath units, and one studio. The building was fully renovated in 2021 with new mechanical systems, impact-rated windows and doors, and modern interior finishes. The property also includes an on-site laundry facility and 18 dedicated parking spaces, with electricity individually metered for each unit.
The asset is located on Division Ave in West Palm Beach, Florida. The public information notes walkScore of 36 and transitScore of 36, indicating a more car-dependent setting, with a bikeScore of 55.
For buyers seeking a low-maintenance income property, this structure offers a straightforward configuration and a recent renovation that addressed both building systems and exterior protection. The parking count and on-site laundry can support day-to-day tenant convenience, while individual electrical metering supports practical utility management.
The asset is located on Division Ave in West Palm Beach, Florida. The public information notes walkScore of 36 and transitScore of 36, indicating a more car-dependent setting, with a bikeScore of 55.
For buyers seeking a low-maintenance income property, this structure offers a straightforward configuration and a recent renovation that addressed both building systems and exterior protection. The parking count and on-site laundry can support day-to-day tenant convenience, while individual electrical metering supports practical utility management.
Key Highlights
- Renovated 13‑unit multifamily property, with the full renovation completed in 2021
- Unit mix includes five 2BR/1BA units, seven 1BR/1BA units, and one studio
- New mechanical systems plus impact‑rated windows and impact‑rated doors installed in 2021
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,275
Businesses Nearby
Explore this area
Business Placement
Demographics for 33401, FL
31,302
Population
19,051
Households
1.6
Avg Household Size
40
Median Age
42%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,138
Density / Sq Mi
$60,942
Median Household Income
$39,932
Median Earnings
$1,774
Median Rent
$430,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily with 13 individually metered units, dedicated parking, and an on-site laundry facility.
Where is this apartment building located?
The property is located at 1401 Division Ave West Palm Beach, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Renovated 13‑unit multifamily property, with the full renovation completed in 2021; Unit mix includes five 2BR/1BA units, seven 1BR/1BA units, and one studio; New mechanical systems plus impact‑rated windows and impact‑rated doors installed in 2021
