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Property profile & analytics
OFF-MARKET
Multifamily properties

517 Greynolds Cir Lantana, FL 33462

0.46 ac lot Built 1956
Entity Owned 6-yr Hold
Property ID
US18-5132242
Property summary
AI-generated overview

This exceptional investment opportunity presents two adjacent four-plex properties situated on separate 0.46-acre parcels in desirable Lantana, Florida. The combined property boasts eight rental units, generating a substantial annual gross profit of $161,580. Currently, all units are occupied by tenants, providing immediate and stable cash flow. The property's enviable location places it in close proximity to the beautiful Lantana Beach, nestled between Manalapan and Palm Beach. This prime location offers easy access to a vibrant array of restaurants and shopping options. Lantana, once a hidden gem, is experiencing increased recognition and growth, making this a particularly attractive investment. The combined property offers a significant return on investment with its strong rental income and strategic location. All measurements are approximate. Please respect the privacy of the tenants and refrain from disturbing them. Drive-by viewing only. This is a rare opportunity to acquire a multifamily property with proven profitability in a highly sought-after coastal location. The property's strong performance and prime location make it an ideal addition to any investment portfolio. Serious inquiries only.

Property profile
Verified
Property type Multifamily properties
Year built 1956
Lot 0.46 ac (20,038 SF)
UPID US18-5132242
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Third Folk Holdings LLC · 6 yrs held
Third Folk Holdings LLC
since 2019
4 recorded transactions
2019
$100
2019
$415,000
2017
Price N/A
2017
$265,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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