10-Unit Beachside Apartment
201 Inlet Way, Palm Beach Shores, FL 33404
For Sale
$4,595,000
A hotel license is in place, and water and electric are separately metered for each residence.
Property Size6,930 SF
Price / SF$663.06
Days on Market260
Property Features for 201 Inlet Way
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Utilities to Site
Building Details
Building Size
Construction
Listing Agency:
Better Homes & Gardens Real Estate Florida 1st
Listed By:
Gary P Tutalo · License #3042273
(561) 358-1992
Source:
Fraterrealty
Added: Feb 22
Changed: Nov 7
Last Checked: Nov 7 at 6:08PM
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 Better Homes & Gardens Real Estate Florida 1st
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Investment Insights
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This 10-unit apartment property contains eight one-bedroom, one-bath residences and two two-bedroom units with one-and-one-half baths. CBS construction, impact-rated windows, and a concrete roof with a recently applied silicone coating are among its physical features. Water and electric service are individually metered, and the site has 17 parking spaces. The property operates as an annual rental with month-to-month tenants, and a hotel license is in place.
Situated on Singer Island in Palm Beach Shores, the building is near the Atlantic Ocean, Palm Beach Inlet, and Sailfish Marina. The combination of its existing apartment configuration and hotel license provides a clear picture of the property’s current setup.
Situated on Singer Island in Palm Beach Shores, the building is near the Atlantic Ocean, Palm Beach Inlet, and Sailfish Marina. The combination of its existing apartment configuration and hotel license provides a clear picture of the property’s current setup.
Key Highlights
- 10 apartments: eight one‑bedroom/one‑bath units and two two‑bedroom/one‑and‑one‑half‑bath units
- Hotel license in place
- 17 on‑site parking spaces
Property Analytics
Who owns this building?
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Lease Details
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
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Business Placement
Demographics for 33404, FL
31,869
Population
15,990
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
7.3 sq mi
ZIP Area
4,366
Density / Sq Mi
$60,225
Median Household Income
$35,521
Median Earnings
$1,507
Median Rent
$305,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Palm Beach County, FL
Properties on Market for Apartment buildings in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A hotel license is in place, and water and electric are separately metered for each residence.
Where is this apartment building located?
The property is located at 201 Inlet Way Palm Beach Shores, FL.
What is the asking price?
The asking price for this property is $4,595,000.
What are key features of this property?
This property features: 10 apartments: eight one‑bedroom/one‑bath units and two two‑bedroom/one‑and‑one‑half‑bath units; Hotel license in place; 17 on‑site parking spaces
