3723 Morton Ave West Palm Beach, FL 33405
- Commercial real estate
- 3,696 SF
Current Use by Public Records
- Commercial real estate
Property Details for 3723 Morton Ave
- Year built
- 1922
- Property size
- 3,696 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a six-cottage compound situated on a 0.46-acre lot in desirable West Palm Beach, Florida. The property, located at 3723 Morton Avenue, boasts a total of 3,696 square feet and is currently 100% occupied by tenants under annual leases, providing immediate and consistent cash flow. Built in 1922, the charming cottages offer a unique blend of historical character and income-generating potential. The property's multi-family zoning allows for diverse development options, capitalizing on the prime location. Its proximity to Dixie Highway, downtown West Palm Beach, the beach, I-95, and a vibrant array of shopping and dining establishments ensures high demand and strong rental rates. The 33405 zip code further underscores the desirability of this location. This is a rare chance to acquire a well-maintained, income-producing property with significant upside potential in a thriving Florida market. The substantial lot size offers flexibility for future expansion or redevelopment, making this an attractive proposition for both seasoned investors and those seeking a unique portfolio addition. The property's strong tenant occupancy and convenient location combine to create a compelling investment opportunity.
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
- -80.0561009
- Latitude
- 26.6776287
