,Multi Family, Apartments en Venta & Alquilar

en Venta & Alquilar

Precio $3,500,000.00

• Tamaño de lote 15246
• Año de construcción 1975
• Frente al agua
• Zip 33432
• Estilo
• Parking Descripción
• Piscina Yes
• Estado Active

Descripción

Gateway Manor is an 8-unit multifamily asset in East Boca Raton, one of the most desirable and supply-constrained coastal submarkets. Family owned and maintained for 40+ years, the property offers clear value-add potential supported by strong demographics and limited new supply. Built in 1975 with concrete block construction, the asset sits on 0.35 acres and features a functional mix averaging 948 SF: 2 one-bed/2-bath, 4 one-bed + den/2-bath, and 2 two-bed/2-bath units. The ground floor includes two garages, an office, storage, and laundry facilities, providing flexibility for added income or future amenities. Gateway Manor is 100% occupied with average rents of $2,063, approximately 15?30% below market. A full interior renovation?modern kitchens/baths, in-unit W/Ds, new flooring, impact windows, and ceiling updates?supports post-renovation rents of ~$2,750, an estimated $700 premium per unit. The property is minutes from Mizner Park, Downtown Boca, Royal Palm Place, and premier beaches. The one-mile radius features $115,000+ average household income and $600,000+ median home values, supporting strong rental demand and low vacancy. With an irreplaceable East Boca location, below-market rents, large unit sizes suited for repositioning, and long-term ownership stability, Gateway Manor offers a compelling opportunity for near-term rent growth and long-term appreciation.

BOCA RATON SQUARE GATEWAY LT 6 BLK 3

Gateway Manor is an 8-unit multifamily asset in East Boca Raton, one of the most desirable and supply-constrained coastal submarkets. Family owned and maintained for 40+ years, the property offers clear value-add potential supported by strong demographics and limited new supply. Built in 1975 with concrete block construction, the asset sits on 0.35 acres and features a functional mix averaging 948 SF: 2 one-bed/2-bath, 4 one-bed + den/2-bath, and 2 two-bed/2-bath units. The ground floor includes two garages, an office, storage, and laundry facilities, providing flexibility for added income or future amenities. Gateway Manor is 100% occupied with average rents of $2,063, approximately 15?30% below market. A full interior renovation?modern kitchens/baths, in-unit W/Ds, new flooring, impact windows, and ceiling updates?supports post-renovation rents of ~$2,750, an estimated $700 premium per unit. The property is minutes from Mizner Park, Downtown Boca, Royal Palm Place, and premier beaches. The one-mile radius features $115,000+ average household income and $600,000+ median home values, supporting strong rental demand and low vacancy. With an irreplaceable East Boca location, below-market rents, large unit sizes suited for repositioning, and long-term ownership stability, Gateway Manor offers a compelling opportunity for near-term rent growth and long-term appreciation.

City:Boca Raton,Zoning:R3 (city,List A O R:A-Miami Association of REALTORS,Stories:3,Latitude:26.3415072,List Price:3500000,Listing Id:A11971926,Longitude:-80.0944774,Mls Status:Active,Year Built:1975,Postal Code:33432,Coordinates:1:26.3415072,Photos Count:23,Building Name:Gateway Manor,Lot Size Units:Square Feet,M I A M I R E_ Area:4270,On Market Date:2026-02-25,Parcel Number:06434730030030060,Parking Total:14,Property Type:Commercial Sale,Stories Total:3,Public Remarks:Gateway Manor is an 8-unit multifamily asset in East Boca Raton, one of the most desirable and supply-constrained coastal submarkets. Family owned and maintained for 40+ years, the property offers clear value-add potential supported by strong demographics and limited new supply. Built in 1975 with concrete block construction, the asset sits on 0.35 acres and features a functional mix averaging 948 SF: 2 one-bed/2-bath, 4 one-bed + den/2-bath, and 2 two-bed/2-bath units. The ground floor includes two garages, an office, storage, and laundry facilities, providing flexibility for added income or future amenities. Gateway Manor is 100% occupied with average rents of $2,063, approximately 15?30% below market. A full interior renovation?modern kitchens/baths, in-unit W/Ds, new flooring, impact windows, and ceiling updates?supports post-renovation rents of ~$2,750, an estimated $700 premium per unit. The property is minutes from Mizner Park, Downtown Boca, Royal Palm Place, and premier beaches. The one-mile radius features $115,000+ average household income and $600,000+ median home values, supporting strong rental demand and low vacancy. With an irreplaceable East Boca location, below-market rents, large unit sizes suited for repositioning, and long-term ownership stability, Gateway Manor offers a compelling opportunity for near-term rent growth and long-term appreciation.,County Or Parish:Palm Beach County,Expiration Date:2026-07-30,List Office Name:CBRE, Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5838,Property Sub Type:Multi Family,State Or Province:FL,Tax Annual Amount:18281,Listing Agreement:Exclusive Agency,Building Area Total:8566,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:15246,M I A M I R E_ Flood Zone:X,M I A M I R E_ Num Floors:3,Number Of Buildings:1,Original List Price:3500000,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Gateway Manor is an 8-unit multifamily asset in East Boca Raton, one of the most desirable and supply-constrained coastal submarkets. Family owned and maintained for 40+ years, the property offers clear value-add potential supported by strong demographics and limited new supply. Built in 1975 with concrete block construction, the asset sits on 0.35 acres and features a functional mix averaging 948 SF: 2 one-bed/2-bath, 4 one-bed + den/2-bath, and 2 two-bed/2-bath units. The ground floor includes two garages, an office, storage, and laundry facilities, providing flexibility for added income or future amenities. Gateway Manor is 100% occupied with average rents of $2,063, approximately 15?30% below market. A full interior renovation?modern kitchens/baths, in-unit W/Ds, new flooring, impact windows, and ceiling updates?supports post-renovation rents of ~$2,750, an estimated $700 premium per unit. The property is minutes from Mizner Park, Downtown Boca, Royal Palm Place, and premier beaches. The one-mile radius features $115,000+ average household income and $600,000+ median home values, supporting strong rental demand and low vacancy. With an irreplaceable East Boca location, below-market rents, large unit sizes suited for repositioning, and long-term ownership stability, Gateway Manor offers a compelling opportunity for near-term rent growth and long-term appreciation.,Listing Contract Date:2026-02-25,Originating System I D:miamire,Public Survey Section:30,Tax Legal Description:BOCA RATON SQUARE GATEWAY LT 6 BLK 3,M I A M I R E_ Current Price:3500000,M I A M I R E_ Total Mortgage:700000,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Geographic Area:Palm Bch 4180;4190;4240;4250;4260;4270;4280;4290,M I A M I R E_ Internet Remarks:8-unit East Boca opportunity featuring below-market rents, flexible unit mix, and strong upside through interior upgrades.,M I A M I R E_ Parcel Number M L X:0060,M I A M I R E_ Street View Param:1$26.341505$-80.094469$209.39$13.33$1.00$WCGHBEezVzliEYa__1KF4g,Contract Status Change Date:2026-02-25,Number Of Units In Community:8,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:3,M I A M I R E_ Building Name Number:Gateway Manor,M I A M I R E_ Agent Alternate Phone:352-278-7572,Internet Entire Listing Display Y N:1,