Parkway Palm Apartments 561 Park Way

The Parkway Palms is a desirable investment opportunity offering strong cash flow, desirable unit mix and close proximity to the Gaylord Pacific Resort and Convention Center. Parkway Palms is owned by the original developer and has provided stable cash flow performance through the years. Further, the family operated property was built to last and maintained with care. The property enjoys newer windows, concrete driveways, replaced roofs (approximately 2014) and some re-piped copper water supply lines. The property offers a mix of spacious one, two and three bedroom units each with a private balcony or patio area. Tenants enjoy gated on-site parking and a community pool.
The property has stable in-place rents with substantial room to increase the rental rates to market. Further, the existing garages offer additional income possibilities through conversion to accessory dwelling units (ADUs).