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3902 Melaleuca Ln
Lake Worth, FL 33461 Outer Greenacres

$13,500,000 USD

Apartments For Sale • 52,830 SF

Property Details

Property Type Apartments
Total Building Size 52,830 SF
Lot Size 3.58 AC
Building Class B
Year Built 2019
Zoning RM

0 Transit Score

29 Walk Score

                
                    Highlights
                
                                Highly Accretive Debt in a Rising Interest Rate Environment: Aviara Lake Worth offers accretive, assumable fixed-rate debt with a sub 3% rate and 12+ 
                            
                                Untapped Rental Upside: New construction townhomes within a three-mile radius rent for ~$2,850 on average ($1.72 PSF), proving out significant rent gr
                            
                                Workforce Housing Program: Aviara Lake Worth is part of Palm Beach County’s Workforce Housing Program. The restrictive covenant has a duration of 25 y
                            
                                Unattainable Cost of Homeownership: With ownership costs at all-time highs, the trend to rent instead of purchase will continue to strengthen. This tr

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lake Worth (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	6 min	-	2.9 mi
Boynton Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	13 min	-	6.8 mi
Airport	Drive	Walk	Distance
Palm Beach International	14 min	-	6.7 mi

Roberto Pesant 305-373-6650 Berkadia

3902 Melaleuca Ln Lake Worth, FL 33461 Outer Greenacres

$13,500,000 USD

Property Details

Highlights

Public Transportation

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3902 Melaleuca Ln
Lake Worth, FL 33461 Outer Greenacres