Bella Lago Vista is a 316-unit condominium community, with significant value-add upside in a high-demand West Palm Beach location.
Bella Lago Vista is a beautiful “Tropical Oasis” apartment community that sits on the bank of beautiful Clear lake with spectacular views of the West Palm Beach skyline.
The property features a unique unit mix of one- and two-bedroom units with an average unit size of 614 square feet and is currently 95% occupied, with rent averaging $1,190.
This purchase will be Nathan Holding’s 16th multifamily complex acquisition in Florida. We believe that the investment in the Property provides an opportunity to purchase a mismanaged, well-located asset with in-place rents that are dramatically below its competitive set, with Bella Lago Vista’s surrounding area developments will also contribute to rent growth.