HUMANI COURT APARTMENTS

The Thomas Team of Marcus & Millichap is pleased to present Humani Court Apartments, a 60-unit multifamily community located at 806 9th Street in Lake Park, Florida.

SUBJECT PROPERTY

Humani Court Apartments was constructed in 1975 and consists of four two-story concrete block buildings situated on a 3.06-acre site according to the Palm Beach County Property Appraiser.

The community contains 60 residential units with an average unit size of approximately 777 square feet. The unit mix includes (12) one-bedroom | one-bathroom units, (46) two-bedroom | one-bathroom units, and (2) three-bedroom | two-bathroom units. Property amenities include central air conditioning, on-site laundry facilities, and a total of 107 parking spaces.   

Electricity is individually metered and paid by tenants, while water, sewer and trash are currently paid by the owner.

LOCATION

Humani Court Apartments is centrally located in the Town of Lake Park, a coastal Palm Beach County community positioned just north of West Palm Beach and minutes from Riviera Beach. The surrounding area features a mix of residential neighborhoods, retail corridors, and employment centers, supporting consistent renter demand. The property benefits from convenient access to Old Dixie Highway, Northlake Boulevard, and Interstate 95, allowing for efficient connectivity throughout Palm Beach County.

Surrounding retailers and points of interest include Coastal Karma Brewing (0.2 miles), Camilli’s Pizza (0.3 miles), The Brewhouse Gallery (0.4 miles), Bert Bostrom Park (0.7 miles), Publix Super Market at Northlake Promenade (1.1 miles), Publix Super Market at Riviera Beach (1.1 miles), Anthony’s Pickleball (1.2 miles), The Plaza at Lake Park – Hobby Lobby, Chick-fil-A, and Staples (1.2 miles), Kelsey Park (1.3 miles), Helix Urgent Care North Palm Beach (1.3 miles), TD Bank (1.4 miles), CVS (1.4 miles), Walgreens Pharmacy (1.4 miles), Lowe’s (1.4 miles), Target (1.5 miles), LA Fitness (1.5 miles), and Lake Park Harbor Marina (1.6 miles).  Additionally, just a short drive from the property include Peanut Island (3.0 miles), the Port of Palm Beach (4.1 miles), and Palm Beach International Airport (9.6 miles).

Nearby educational facilities include Lake Park Elementary School (1.0 miles), Inlet Grove Community High School (1.5 miles), The Conservatory School at North Palm Beach (1.9 miles), and Howell L. Watkins Middle School (1.9 miles).

SUMMARY

Humani Court Apartments is being offered for sale at $10,500,000, representing $175,000 per unit and $221 per square foot