3,700+ Multifamily Properties Have Not Traded in 10+ Years
Over 3,700 multifamily properties in Palm Beach County have not traded in 10 years or more (or approximately 35% of the total inventory), with 65% of the inventory transacting within the past 10 years.
Put another way, about 3,700 properties have been held for at least 10 years.
This presents buying opportunities for investors looking to scoop up units in buildings that may be ripe for a repositioning/value-add strategy.
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