604 SW 35th Palm City, FL 34990

SOLD FOR
$7,000,000
$7,000,000

Overview

  • Status: Closed
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 41,730 ft2/3,876.84 m2
  • Price Per: $168.00 ft2/$1,805.59 m2
  • Type: Commercial/Investment
  • Built: 1985
  • HOA: No info
  • MLS Number: RX-10927120
  • View No info
  • On Site: 413 days
  • Updated: Listing Refreshed: 303 Days Ago

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-mai

Price History

DateEventPriceChange RatePrice Per
01/26/2024Sold$7,000,000.00$167.75 ft2/$1,805.59 m2
10/12/2023Listed$7,000,000.00$167.75 ft2/$1,805.59 m2

Contact Information

Jake Miakota
Co-Owner, Director of Marketing & Business Development
Specialties:
Miami-Dade, Broward and Palm Beach Counties.
Contact Advisor
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