Mercer Park

West Palm Beach, FL

Mercer Park

West Palm Beach, FL

  • PROJECTED RETURNS

    9.80% average annual return with a stabilized IRR target of 18.1%.

  • 51 UNITS

    Large amount of units in a concentrated and highly desirable area.

  • CORE MULTIFAMILY

    Easily executable business plan that allows us to achieve market rents from day 1. Very little capital expenditures necessary which will add to cash flows.

  • AMENITIES

    Unbeatable location with proximity to shopping, dining, and schools. Onsite pool & spa, multiple laundry rooms and Well maintained playground. Pool and spa on site.

Key Deal Points

  • 18.1%

    Targeted Investor IRR

  • 9.80%

    Average Annual Return

  • 70/30

    Equity Split

  • 8.25

    Cash on Cash Return

  • INTERIOR

    Mercer Park is a new, boutique residential community featuring refined one and two-bedroom apartment homes in the heart of West Palm Beach's Warehouse District. Brand new 2022 construction deal metrics equate to a 5.07%cap rate and a 12.96 GRM.

  • INTERIOR

    Mercer Park is a new, boutique residential community featuring refined
    one and two-bedroom apartment homes in the heart of West Palm
    Beach's Warehouse District. By choosing brand new 2022 construction deal metrics equate to a 5.07%cap rate and a 12.96 GRM.

  • INTERIOR

    Mercer Park is a new, boutique residential community featuring refined
    one and two-bedroom apartment homes in the heart of West Palm
    Beach's Warehouse District. By choosing brand new 2022 construction deal metrics equate to a 5.07%cap rate and a 12.96 GRM.

  • EXTERIOR

    The Mercer Park Apartment building is 51 units located in the wharehouse district of West Palm Beach, FL. The building is a new class A development as we are buying directly from the developer. As part of our negotiation, the developer must lease 50% of the building at a predefined rent pro forma.