Broadway Apartments

Broadway Apartments is comprised of two, two-story apartment buildings totaling 15 units and located at 3201 Broadway in West Palm Beach. The property was built in 1951 and both buildings recently went through a complete gut-renovation. One building was completed in the fourth quarter of 2022 and the second building is in the final stages of completion. The total building square footage is 7,084 and the property encompasses an 18,901 square-foot lot (according to the Palm Beach Property Appraiser). The unit mix consists of (one) efficiency, (four) studios, (six) one-bedroom | one-bathroom apartments and (four) two-bedroom | one-bathroom apartments. Major capital improvements include brand new roofs, hurricane resistant impact windows and doors, new guardrails on the breezeway and stairs, new interior and exterior/underground plumbing lines, new main electrical and interior breaker panels and new min-split air conditioning systems. The parking lots have been resealed and striped, new landscaping was planted in the courtyard area, brick pavers were installed in the patio area and fences with keypad-controlled gated access were installed at both entrances. All units feature new tile flooring throughout (including new sub-floor and pads), new kitchens cabinetry, granite countertops and tile backsplash, new electric appliances, new bathroom vanities and tiled showers, tank-less hot water heaters, new interior doors and fresh interior and exterior painting of both buildings. Broadway Apartments also includes laundry machines, which are owned by the property.