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Property profile & analytics
OFF-MARKET
Apartment buildings

3157 Cherokee Ave West Palm Beach, FL 33409

Built 1979
Property ID
US18-9942868
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied, updated triplex located at 3157 Cherokee Ave, West Palm Beach, FL 33409. Built in 1979, this single-story apartment building offers a compelling return on investment. The property boasts significant recent renovations, including brand new storm-proof windows and doors throughout, ensuring both durability and energy efficiency. All three units feature completely remodeled bathrooms and kitchens, complete with new cabinets, tile flooring, and modern appliances. Further upgrades include new closets, lighting, and interior doors. High-speed internet connectivity is facilitated by existing Cat5 wiring. Each unit enjoys its own private paved yard. The property also includes a substantial 3000 square foot parking lot built on a 6-inch concrete slab, providing ample parking for residents. Additional improvements include a newly renovated laundry room and updated mailboxes. The property's convenient location in West Palm Beach adds to its appeal, promising strong rental demand and ease of management. This turnkey investment is ready for immediate income generation. The asking price is $1,050,000.

Property profile
Verified
Property type Apartment buildings
Year built 1979
UPID US18-9942868
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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