Residential Income
New
For Sale
$550,000
2737 EMORY Drive W #D, West Palm Beach, FL 33415
Four renovated residences are fully leased and transfer through a single membership-interest transaction.
Property Size3,296 SF
Price / SF$166.87
Days on Market3
Property Features for 2737 EMORY Drive W #D
General Information
Standard status
Active
Size
3,296 SF
Property subtype
Quadruplex
Occupancy
100%
Net Operating Income
$42,765
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/1BA, 2 x 1BR/1.5BA
Multifamily Units
4
Additional Details
Cap Rate
7.7%
Tenant in Place
Yes
Amenities
screened porches
additional storage
laundry facilities
Building Details
Year Built
1981
Tenancy
Multi
Listing Agency:
Real - ativity
Listed By:
Elizabeth A Lewis · License #3256279
(561) 512-4682
Source:
Lehmannflorida
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 1:14PM
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 Real - ativity
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Investment Insights
Based on property information with market context.
This residential portfolio combines four renovated units totaling 3,296 square feet: one two-bedroom, one-and-a-half-bath residence, one two-bedroom, one-bath residence, and two one-bedroom, one-and-a-half-bath residences. Each has a screened porch and additional storage. Laundry is provided in-unit or in a separate laundry room within 50 feet. The homes are located in Palm Beach County 55+ communities, close together, and have established pet-free tenants.
The portfolio is offered as a single LLC membership-interest transfer, consolidating the four properties into one transaction without individual deed transfers. All units are leased, and leasing rights carry no seasoning period. Community dues cover master insurance policies, and no upcoming assessments are noted.
The portfolio is offered as a single LLC membership-interest transfer, consolidating the four properties into one transaction without individual deed transfers. All units are leased, and leasing rights carry no seasoning period. Community dues cover master insurance policies, and no upcoming assessments are noted.
Key Highlights
- Four renovated residences totaling 3,296 square feet
- Unit mix: one 2‑bedroom/1.5‑bath, one 2‑bedroom/1‑bath, and two 1‑bedroom/1.5‑bath homes
- 7.7% cap rate
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
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Business Placement
Demographics for 33415, FL
51,251
Population
20,364
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
77%
High-School Grad
7.3 sq mi
ZIP Area
7,021
Density / Sq Mi
$57,199
Median Household Income
$35,146
Median Earnings
$1,597
Median Rent
$220,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Four renovated residences are fully leased and transfer through a single membership-interest transaction.
Where is this residential income property located?
The property is located at 2737 EMORY Drive W #D West Palm Beach, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four renovated residences totaling 3,296 square feet; Unit mix: one 2‑bedroom/1.5‑bath, one 2‑bedroom/1‑bath, and two 1‑bedroom/1.5‑bath homes; 7.7% cap rate
