This offering consists of six fully renovated fourplex buildings for a total of 24 residential units. Each unit features 4 bedrooms and 2 bathrooms with modern upgrades, including new kitchen appliances, granite countertops, tile backsplashes, updated plank flooring, frameless glass showers, new vanities, and in-unit washers and dryers. Every unit also includes a screened patio with extra storage.
The property is 100% occupied and professionally managed, generating strong rental income with a 4.80% cap rate. Asking price is $13,500,000 ($562,500 per unit).
Recent renovations (completed 2021) ensure minimal deferred maintenance, while amenities such as assigned parking, guest parking, and landscaped common areas enhance tenant satisfaction. There are no HOA restrictions, adding investor flexibility.
Located in Wellington, FL, the community sits just 3 miles from Palm Beach Polo, 4 miles from The Mall at Wellington Green, and within minutes of top-rated schools, parks, and shopping. The site’s zoning (RS – PUD) allows for multifamily use, making it a solid long-term hold in a high-demand market.