Palm City, FL 34990,604 SW 35th ST
Palm City, FL 34990,604 SW 35th ST
Palm City, FL 34990,604 SW 35th ST
Palm City, FL 34990,604 SW 35th ST
Palm City, FL 34990,604 SW 35th ST
Palm City, FL 34990,604 SW 35th ST
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Listed by The Keyes Company - Jensen Bea
Bought with Non-Member Selling Office

$7,000,000

$7,000,000

Est.Price: ?

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Est. payment /mo

2 Baths

41,730 SqFt


SOLD DATE : 01/26/2024

Key Details

Sold Price $7,000,000

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Sold

Purchase Type For Sale

Square Footage 41,730 sqft

Price per Sqft $167

Subdivision Palm City Amended Plat Of & Map Of

MLS Listing ID RX-10927120

Sold Date 01/26/24

Year Built 1985

Annual Tax Amount $11,314

Tax Year 2023

Lot Size 3.620 Acres

Property Description

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

Location

State FL

County Martin

Area 9 - Palm City

Zoning RS-4

Interior

Heating Central Individual

Cooling Central Individual

Flooring Carpet, Tile

Fireplaces Type Smoke Detector

Exterior

Utilities Available Well Water

Waterfront No

Roof Type Metal

Building

Story 100.00

Foundation Concrete

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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