4381 Purdy Ln, West Palm Beach, FL 33406
This exceptional three-unit apartment building in West Palm Beach, Florida, presents a compelling investment opportunity. Located at 4381 Purdy Ln, 33406, this Class B property boasts a strong 7.00% capitalization rate, making it an attractive addition to any portfolio. Built in 1963, the single-story building has undergone a complete renovation, resulting in three completely independent residential units, each featuring a modern kitchen and updated bathroom. All units are currently rented, providing immediate cash flow. The property's central location in Palm Beach County offers residents convenient access to urban amenities. This turnkey investment is ideal for those seeking a profitable and low-maintenance property with immediate rental income. The asking price is $875,000. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location. Don't miss out on this chance to secure a strong return on investment.
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.