126 N Palmway, Lake worth Beach, FL
126 N Palmway, Lake Worth Beach, FL
PROJECT DESCRIPTION: The N Palmway triplex was originally built in the 1940’s. It required a painstaking renovation process to achieve a clean modern design. The property sits in an area known as Parrot Cove. This prime location is pedestrian friendly. It is a short walk to downtown Lake Worth Beach, the intercoastal, local parks, and the beach.
In the 4th quarter of 2021 we marketed the property at the higher range of our expectations, and it was sold in less than 60 days.
DEVELOPER: JEL Development
COMPLETION YEAR: 2019
STATUS: Completed & Sold
PROJECT METRICS:
- Completed in time?: Yes
- ROI: 22.5%
- Cash-on-cash return: 8%
INVESTMENT OPPORTUNITY?: Contact us for more information.
