604 SW 35th Street, Palm City, FL 34990 (MLS# RX-10927120)

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Offices Agents
7
Agents Found
Agustin Arellano
Southfields Real Estate, Inc.
ph: 803-295-3388
[email protected]
Ashley Arguello
Southfields Real Estate, Inc.
ph: 908-670-0614
[email protected]
http://oneforonegroup.com
Carlos R. Arellano
Southfields Real Estate, Inc.
ph: 561-644-2474
[email protected]
http://HTTP://WWW.SOUTHFIELDSRE.COM
Diego Arellano
Southfields Real Estate, Inc.
ph: 561-389-4699
[email protected]
http://southfieldsre.com/
Gina O Arellano
Southfields Real Estate, Inc.
ph: 305-389-0259
[email protected]
http://HTTP://WWW.GINAARELLANO.COM

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604 SW 35th Street, Palm City, FL 34990

$7,000,000
Property Type: Comm/Industry Baths: 2 Square Footage: 41,730 Status: Closed
Current Price: $7,000,000 Last Modified: 1/29/2024

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

Supplements: 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-maintenance property is a must for investors who are looking for a consistent return on their investment.

More Information MLS# RX-10927120

Contract Information

Status: Closed Original List Price: 7000000 Auction: No Sold Price: $7,000,000 Current Price: $7,000,000 List Price/Bldg SqFt: 167.74 Listing Date: 2023-10-12

General Property Description

Type: MultiFamily (5+ Units) For Sale: Yes For Lease: No Property Desc: Multi-Family Subdivision: PALM CITY AMENDED PLAT OF & MAP OF Year Built: 1985 SqFt - Living: 41730 SqFt Source: Tax Rolls # of Stories: 2 Total Units: 48 Baths - Total: 2 Acres: 3.62 % Air Conditioned: 100 Waterfront: No

Location Tax Legal

Area: 9 - Palm City County: Martin Parcel ID: 173841001030000601 Street #: 604 Street Dir: SW Street Name: 35th Street Suffix: Street Zip Code: 34990 Legal Desc: PALM CITY LOTS 6 7 8 9 & 10 BLK 30 Geo Lat: 27.161833 Geo Lon: -80.261384

Status Change Info

Under Contract Date: 2023-11-10 Sold Date: 2024-01-26 Sold Price: $7,000,000 Terms of Sale: Cash Sold Price/Bldg SqFt: 167.74

Unit 1

Unit Desc: 1 Bedroom # of Units: 36 Full Baths: 1

Unit 2

Unit Desc: 2 Bedroom # of Units: 12 Full Baths: 1 Half Baths: 1

Property Features

Use: Income Type of Building: Resident. Multi-Fam. Construction: Concrete Sale Includes: Building and Land; Equipment; Fixtures; Machinery; Signs; Tools; Trade Name Avail Docs: None Flooring: Carpet; Tile Cooling: Central Individual Heating: Central Individual Fire Protect: Smoke Detector Tenant Pays: Cable; Electric Utilities: Well Water Roof: Metal Terms Considered: Cash; Conventional Lease: None Possession: Funding Contingencies: None
Listing Office: Keyes Co
Last Updated: January - 29 - 2024
604 SW 35th Street, Palm City, FL 34990- MLS# RX-10927120
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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