172 County Rd Palm Beach, FL 33480
This exceptional 8-unit building, located at 172 N County Road in Palm Beach, Florida, presents a rare investment opportunity. Built in 1943, the property boasts a total of 1,836 square feet and sits just one block from the Atlantic Ocean. The building comprises a mix of unit types, including two one-bedroom, one-bathroom apartments and six studio units, providing a diverse rental portfolio. The asking price is $7,100,000. This presents a chance to acquire a proven income-generating asset in a highly desirable location. The property's proximity to the ocean ensures strong rental demand and potential for appreciation. Given its location in Palm Beach, Florida, 33480, this property offers significant upside potential for investors seeking a foothold in the lucrative South Florida real estate market. The lot size is not specified. This unique offering is ideal for those seeking a stable, income-producing investment in a prime coastal location. The building's age and unit configuration provide a solid foundation for future growth and potential renovations. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.