26-Unit Condominium
For Sale
Contact for pricing
Pending
1791 N Congress Ave, West Palm Beach, FL 33401
Condominium holdings include roof and rooftop system replacements completed in 2019.
Property SizeContact for details
Days on Market146
Property Features for 1791 N Congress Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Asking Price
$7,710,000
Multifamily Units
26
Listing Agency:
The Goldstein Group
Listed By:
Martin J Goldstein · License #FL
Source:
Crexi
Added: Apr 11
Changed: Sep 1
Last Checked: Aug 31 at 10:11PM
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 The Goldstein Group
Investment Insights
Based on property information with market context.
This offering comprises 26 condominium units at 1791 N Congress Ave in West Palm Beach, along with the assumption of the current owner's lender position in a performing loan made to the homeowners association. The collateral supporting that loan consists of HOA revenues, and the obligation is generating cash flow.
Property improvements include replacement of the community's flat roofs and mansards in 2019. Rooftop HVAC and electrical components were also removed and replaced as needed. The structure combines an operating condominium portfolio with an associated HOA lending position.
Property improvements include replacement of the community's flat roofs and mansards in 2019. Rooftop HVAC and electrical components were also removed and replaced as needed. The structure combines an operating condominium portfolio with an associated HOA lending position.
Key Highlights
- 26 condominium units included in the offering
- Performing loan made to the homeowners association
- HOA revenues secure the associated loan
Property Analytics
Property Profile
Current Use
Lease Details
26
Residential units
Location Intelligence
Trade Area within ½ mile
1,520
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?
Multifamily property - Condominium holdings include roof and rooftop system replacements completed in 2019.
Where is this multifamily property located?
The property is located at 1791 N Congress Ave West Palm Beach, FL.
What are key features of this property?
This property features: 26 condominium units included in the offering; Performing loan made to the homeowners association; HOA revenues secure the associated loan
