Palm City Apartments — Sale in Palm City, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Palm City, FL 34990

Photos

Palm City Apartments — Sale in Palm City, FL, photo 1 of 2
Palm City Apartments — Sale in Palm City, FL, photo 2 of 2

Investment Figures

Cap rate
6.18%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Palm City Apartments, a 48-unit multifamily community located at 544–664 SW 35th Street in Palm City, Florida. Built in 1985, the property totals 37,200 gross square feet and is situated on 3.62 acres. The community features concrete block construction, central air conditioning, a new metal roof, hurricane impact windows and doors, and private well and septic utilities. Palm City Apartments offers a low-density residential setting with approximately 13 units per acre. The property has benefited from significant capital improvements, including the new metal roof and hurricane impact windows and doors, reducing several major near-term capital expenditure considerations for a future owner. Additionally, the property's well and septic systems eliminate reliance on municipal water and sewer service, providing the potential for reduced ongoing utility expenses. The property is conveniently located near SW Martin Highway, Florida's Turnpike, and Interstate 95, providing excellent connectivity throughout Martin County and the greater Treasure Coast. Residents are minutes from Downtown Stuart, area beaches, shopping and dining, healthcare facilities, and major employment centers throughout Palm City and Stuart. Palm City Apartments presents an opportunity to acquire a 48-unit multifamily community with substantial recent capital improvements in the highly desirable Palm City market. The property's scale, low-density setting, durable construction, private utilities, and strategic location position the asset well for continued rental demand and long-term investment performance. Investment Highlights: • 48-Unit Multifamily Community Situated On 3.62 Acres • New Metal Roof With Hurricane Impact Windows And Doors Throughout • Concrete Block Construction With Central A/C Throughout • All Units Separately Metered for Water & Electricity • Convenient Access To Downtown Stuart, I-95, Florida's Turnpike, And Major Employment Centers

Market Context

This multifamily in Palm City, FL is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Palm City, FL — view the full market.

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