Search Listings

Use: Income

Type of Building: Resident. Multi-Fam.

Construction: Concrete

Sale Includes: Building and Land; Equipment; Fixtures; Machinery; Signs; Tools; Trade Name

Avail Docs: None

Flooring: Carpet; Tile

Cooling: Central Individual

Heating: Central Individual

Fire Protect: Smoke Detector

Tenant Pays: Cable; Electric

Utilities: Well Water

Roof: Metal

Terms Considered: Cash; Conventional

Lease: None

Possession: Funding

Contingencies: None

Rare investment opportunity in Old Palm City historic district. This 48-unit multi-family property consisting of 36 one-bedroom and 12 two-bedroom units has been meticulously cared for and updated. With renovations completed from 2021-2023, this property boasts new standing seam metal roofs on all buildings, impact windows and doors throughout, and state-of-the-art water conditioning systems for three of the five buildings. Over 50% of the units have been recently updated with new tile floors and wood cabinets. Within walking distance from the St. Lucie River, Palm City Apartments is close to schools, the Cleveland Clinic, Interstate 95, and the Florida Turnpike. Its apartments have maintained 100% occupancy for the past five years and continue to be in high demand. This turnkey, low-maintenance property is a must for investors who are looking for a consistent return on their investment.