Aviara Lake Worth 3902 Melaleuca Ln

Berkadia is pleased to exclusively present the opportunity to acquire Aviara Lake Worth (the “Property”) - a 36-unit townhome deal with accretive assumable debt.
The Property consists of 30- three and 6- four-bedroom townhouses, all offering modern designs and spacious interiors. Palm Beach County has seen an influx of financial and other companies that moved their offices to the county during and after the pandemic. Due to the Property’s close proximity to Palm Beach County’s major office markets, it has the opportunity to cater to the underserved and rapidly growing renter base of Palm Beach County - one of the most unaffordable housing markets in the country.
The Property is located in one of the fastest-growing municipalities in Palm Beach County over the last decade, with its population increasing by 42% from 2010 to 2020. The municipality is home to the headquarters of the largest employer in Palm Beach County and continues to grow rapidly due to its unique and central location between Boca Raton, Downtown West Palm Beach, Wellington, and Delray Beach. Just five minutes away from the I-95, the properties will offer residents a 30-minute drive to over 20,000,000 square feet of office.
With affordability in South Florida increasingly becoming an issue, especially in Palm Beach County, Aviara Lake Worth presents investors with the exceptional opportunity to own a new construction multifamily properties with significant rent upside in the fastest-growing municipality in Palm Beach County.