3157 Cherokee Ave West Palm Beach, FL 33409
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 3157 Cherokee Ave
- Year built
- 1979
- Property type
- Small apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.089263
- Latitude
- 26.7039617
