1845 N Congress Ave, West Palm Beach, FL 33401

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.