Woodstock Condominium Community
For Sale
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1845 N Congress Ave, West Palm Beach, FL 33401
29 townhomes in West Palm Beach's Woodstock Condominium Community.
Property Size47,096 SF
Price / SF$172.41
Days on Market191
Property Features for 1845 N Congress Ave
General Information
Standard status
Active
Size
47,096 SF
Class
B
Property subtype
Multifamily
Zoning
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$566,475
Building Details
Year Built
1979
Year Renovated
2018
Buildings
17
Stories
2
Units
29
Listing Agency:
The Goldstein Group
Listed By:
Martin J Goldstein · License #FL
Source:
Crexi
Added: Feb 19
Changed: Aug 13
Last Checked: Aug 28 at 4:55PM
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.
Located in the Woodstock Condominium Community in West Palm Beach, FL, these 29 townhomes represent an investment opportunity. The units are split into adjacent quadplexes featuring four homes per building. These townhome units offer the benefits of a single-family home, including privacy, multiple levels, a 3-bedroom/2.5-bath layout, and designated parking. The current ownership has maintained a seat on the Board of Directors since 2017, overseeing improvements to the community, bylaws, budgets, and overall operations. Improvements since 2017 include replaced roofs, mansards, and soffits in 2020, updates to exterior electrical, plumbing, paint, roofs, parking lot, curbs, and driveways, and the addition of an on-site office. Over $4 million has been spent on capital expenditures since 2017. The units have individual parcel numbers and can be sold or purchased individually. Pro-investor Association Rules and Regulations have been instituted by the current board. On-site management and security cameras are present. There is potential development of unused parcels. Investors may potentially benefit from the economies of scale afforded by having 108 units total on site, as well as oversight and voting rights on policy, dues, and improvement decisions. The Association is properly funded, assessments are stable, and all capital improvement projects have been completed. The property size is 47096 square feet.
Key Highlights
- Significant investment opportunity: Largest single ownership stake (29 of 108 units) in the Woodstock Condominium Community, West Palm Beach, FL.
- Substantial rental income upside: Rents currently below market value, offering immediate potential for increased revenue.
- Oversight and control: Affords influence over community rules, dues, revenue, and policies with a history of board representation since 2017.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 29 townhomes in West Palm Beach's Woodstock Condominium Community.
Where is this apartment building located?
The property is located at 1845 N Congress Ave West Palm Beach, FL.
What is the asking price?
The asking price for this property is $8,120,000.
What are key features of this property?
This property features: Significant investment opportunity: Largest single ownership stake (29 of 108 units) in the Woodstock Condominium Community, West Palm Beach, FL.; Substantial rental income upside: Rents currently below market value, offering immediate potential for increased revenue.; Oversight and control: Affords influence over community rules, dues, revenue, and policies with a history of board representation since 2017.
