Four-Unit Residential
3918 Serubi Avenue, Palm Springs, FL 33461
For Sale
$1,290,000
Built in 1955, this Palm Springs property is configured as a quadplex.
Property Size2,492 SF
Price / SF$517.66
Days on Market55
Property Features for 3918 Serubi Avenue
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Omar Sanchez Leyva · License FL #3339132
(645) 223-3548
Source:
Wycliffecommunityrealty
Added: Sep 17
Changed: Nov 10
Last Checked: Nov 9 at 7:36PM
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 Partnership Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 3918 Serubi Avenue in Palm Springs, this quadplex contains 2,492 square feet of residential space. The property was built in 1955 and is configured for residential income use.
Key Highlights
- Quadplex configuration
- 2,492 square feet of residential space
- Built in 1955
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,079
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,580
$761.6K
Cap Rate 7%
$543,986
$544.0K
Cap Rate 9%
$423,100
$423.1K
Market Conditions
NOI Build-Up for 2,492 SF
Gross rent
$73.3K $29.40/SF
− Vacancy
−$4.0K −$1.62/SF
EGI
$69.2K $27.78/SF
− OpEx
−$31.2K −$12.50/SF
NOI
$38.1K $15.28/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,580
Cap Rate 7%
$543,986
Cap Rate 9%
$423,100
Alternative Uses
Best Use
Apartment 5plus
$544.0K
$476.0K – $634.7K
NOI $38,079 @ 7.0% cap · market cap 2.95%
Second Best
Multifamily LT 5
$418.0K
$365.7K – $487.6K
NOI $29,257 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,850 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,098
Businesses Nearby
Explore this area
Business Placement
Demographics for 33461, FL
47,161
Population
18,095
Households
2.6
Avg Household Size
36
Median Age
17%
College-Educated
75%
High-School Grad
7.1 sq mi
ZIP Area
6,642
Density / Sq Mi
$61,218
Median Household Income
$31,503
Median Earnings
$1,615
Median Rent
$263,400
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Palm Beach County, FL
Properties on Market for Quadplexes in Palm Beach County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1955, this Palm Springs property is configured as a quadplex.
Where is this quadplex located?
The property is located at 3918 Serubi Avenue Palm Springs, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Quadplex configuration; 2,492 square feet of residential space; Built in 1955
