Sold

Closed

604 SW 35th Street

Palm City FL, 34990

$7,000,000


Sold

Closed

Commercial

Built in 1985

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

R10927120

MLS ID

October 12, 2023

Listed

November 22, 2024

Updated

Map

604 SW 35th Street
Palm City FL, 34990

Interior Features

Total Stories

2


Floor Description

Carpet, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

3.62 Acres


Roof

Metal

Other Property Details

Taxes

$11,314


Tax Frequency

Annually


Days on Market

23


Garage

No


View

No


County

Martin County


Water Source

Well


Pool

No

Listing History

Date

Event

Price

1/29/2024

Sold

$7,000,000

12/23/2023

Pending

11/10/2023

Under contract

10/30/2023

Active

10/24/2023

Under contract

Listed by: The Keyes Company - Jensen Bea
Listing Contact:  

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Data last updated 4:11 PM UTC, 11/22/2024

 

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