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Broadway Portfolio
Marcus and Millichap, as exclusive listing agent, is pleased to bring to market the Broadway Portfolio, a seven-unit apartment portfolio located in the city of West Palm Beach, in Palm Beach County, FL. The properties were built in 1926 and 1930 of concrete block construction with painted stucco and flat built- up roofs on a total of 0.31 acres. The Broadway Portfolio is comprised of Three (3) One Bedroom / One Bathroom units, three (3) Two Bedroom / One Bathroom units, and one (1) Three Bedroom / One Bathroom unit across 3 buildings totaling 5,576 livable square feet.
The two properties are located less than two miles north of downtown West Palm Beach, Florida along US-1 (Broadway). The downtown West Palm Beach central business district which includes an abundance of employment and entertainment opportunities. West Palm Beach is the largest city in Palm Beach County, the CBD is highlighted by City Place Tower, Phillips Point and Esperante; three class A office towers comprising in excess of 1 million square feet and representing thousands of area jobs. Other attractions found in downtown West Palm Beach include Clematis Street, the Kravis Center for Performing Arts and City Place. City Place is a 600,000-squarefoot lifestyle center including a mix of retail stores, restaurants and other entertainment opportunities.
Month | Payment | Principal | Interest | Total Interest | Balance |
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$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
Total Population | 17,078 | 102,191 | 223,441 | |
Population Median Age | 39 | 41 | 41 | |
Population by Age | 0-9 Yrs | 2442 (14%) | 11507 (11%) | 25314 (11%) |
10-19 Yrs | 1614 (9%) | 10297 (10%) | 23661 (10%) | |
20-29 Yrs | 2401 (14%) | 14992 (14%) | 31399 (14%) | |
30-39 Yrs | 2421 (14%) | 13692 (13%) | 29054 (13%) | |
40-49 Yrs | 1844 (10%) | 11538 (11%) | 25965 (11%) | |
50-59 Yrs | 2563 (15%) | 12545 (12%) | 27374 (12%) | |
60-69 Yrs | 1920 (11%) | 12173 (11%) | 26498 (11%) | |
70+ Yrs | 1872 (10%) | 15447 (15%) | 34177 (15%) | |
Median HH Income | $44,595 | $52,053 | $50,605 | |
Total Household Income | < 24K | 1802 (29%) | 9336 (23%) | 19839 (22%) |
25-49K | 1526 (24%) | 10291 (25%) | 23178 (26%) | |
50-74K | 863 (14%) | 6170 (15%) | 14833 (17%) | |
75-99K | 642 (10%) | 4279 (10%) | 8970 (10%) | |
100-199K | 922 (14%) | 6104 (15%) | 12866 (14%) | |
200K+ | 397 (6%) | 4265 (10%) | 7211 (8%) | |
Highest Education Level | No Diploma | 2420 | 10499 | 22919 |
Diploma or GED | 3511 | 17716 | 41487 | |
Some College | 2026 | 13250 | 29118 | |
Assoc. Degree | 926 | 5988 | 14179 | |
Bachelors Degree | 1945 | 15284 | 31558 | |
Higher Degree | 1237 | 11239 | 20925 | |
Total Housing Units | 8,271 | 56,488 | 121,087 | |
--Owner-Occupied | 2,713 | 18,833 | 44,899 | |
--Renter-Occupied | 3,440 | 21,613 | 41,998 | |
Owner-Occupied Values | < 100K | 520 | 2946 | 9985 |
100-199K | 718 | 4419 | 11368 | |
200-299K | 489 | 2853 | 7884 | |
300-399K | 224 | 1318 | 3040 | |
400-499K | 161 | 1041 | 1953 | |
500K+ | 601 | 6256 | 10670 | |
Total Working Age Population | 13,648 | 84,895 | 184,469 | |
In Work Force | 8,509 | 51,248 | 113,117 | |
Not In Work Force | 5,139 | 33,646 | 71,352 | |
Workforce Employed | 7,560 | 46,879 | 104,599 | |
Workforce Unemployed | 949 | 4,351 | 8,452 | |
Civlian Workforce | 8,509 | 51,230 | 113,051 | |
Military Workforce | 0 | 18 | 66 | |
Total Households | 6,153 | 40,446 | 86,897 | |
Family Households | 3,306 | 21,480 | 47,765 | |
Non-Family Households | 2,847 | 18,966 | 39,133 | |
Married Couple | 1,966 | 13,915 | 30,793 | |
Other Family | 1,340 | 7,565 | 16,971 | |
Married w/Child | 753 | 4,377 | 9,840 | |
Single Male w/Child | 110 | 554 | 1,695 | |
Single Female w/Child | 521 | 2,735 | 6,036 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
Florida | 15,982,378 | +18 | 18,801,310 | +14 | 21,517,610 | +13 | 24,340,457 |
Palm Beach County | 1,131,184 | +17 | 1,320,134 | +12 | 1,473,738 | +11 | 1,640,998 |