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    920 Haverhill Rd Haverhill, FL 33415

    For Sale
    $1,875,000

    Eight-unit, updated Florida property. High ROI.

    Property size:
    3,743 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents an eight-unit multifamily property located at 920 N Haverhill Road, Haverhill, Florida, 33415, within Palm Beach County. The property, built in 1945, boasts a total of 3,743 square feet and offers a compelling return on investment, currently showing an 8 CAP rate. All eight units have undergone recent updates, ensuring immediate income generation and minimizing future maintenance needs. A significant advantage is the installation of impact windows and doors throughout the building, providing enhanced security and energy efficiency, reducing operational costs for the owner. Furthermore, the property has recently undergone inspections, resulting in clean reports, offering peace of mind to potential buyers. The asking price for this well-maintained, high-yield property is $1,875,000. While the lot size is not specified, the property's strong performance metrics and updated condition make it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a turnkey multifamily property in a desirable Florida location. Serious inquiries are encouraged.

    Property Features for 920 Haverhill Rd

    General Information

    Property type
    Specialty properties
    Square Feet
    3,743 SF

    Building Details

    Year Built
    1945
    Units
    8

    HighLights

    • Eight‑unit multifamily property in desirable Haverhill, Florida.
    • 3,743 square foot building built in 1945.
    • Currently yielding an 8% cap rate.
    • Recently updated units minimize future maintenance.
    • Impact windows and doors enhance security and energy efficiency.
    • Clean inspection reports.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1195917
    Latitude
    26.6908741

    Nearby Comparable

    • $1,875,000
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      Haverhill Multifamily Investment Opportunity

      Eight-unit complex, high ROI potential.
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      Prime West Palm Beach Commercial Land

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      West Palm Beach Redevelopment Opportunity

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    Nearby Similar for Sale

    • $1,875,000
      0.65 Acres

      Haverhill Multifamily Investment Opportunity

      Eight-unit complex, high ROI potential.
      920 Haverhill Rd, Haverhill, FL 33415
      View Details

    FAQs

    What type of property is this?
    Specialty property - Eight-unit, updated Florida property. High ROI.
    Where is this specialty property located?
    The property is located at 920 Haverhill Rd Haverhill, FL.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: Eight-unit multifamily property in desirable Haverhill, Florida.; 3,743 square foot building built in 1945.; Currently yielding an 8% cap rate.
    Request Owner's contact information
    920 Haverhill Rd Haverhill, FL 33415
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    Haverhill, FL 33415
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    920 Haverhill Rd Haverhill, FL 33415
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