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Property Description

Discover a rare opportunity to own a value-add quadplex in the heart of West Palm Beach. 3 of the 4 units are currently rented under market value, generating a total monthly income of $3,750 with individual rents of $1,200, $1,250, and $1,300. Upside is huge for the experienced investor, with updated 2 bed rentals in the area fetching over $1700 per month. 10 minutes from Downtown, the beach, Worth Avenue, and so much more, this property is perfectly positioned to capitalize on some forced appreciation in addition to the area's rapid growth and natural market appreciation. With the Palm Beach International Airport nearby, this location attracts a diverse range of tenants, ensuring strong rental demand. Drive-By viewings only until receiving a qualified offer. Please do not disturb tenants.

Overview

Property Status
Active Under Contract
MLS ID
F10512881
Property Type
Multi-Family
Year Built
1925

Features & Amenities

Total Area
2,156 Sq.Ft.
Stories
1
Water Source
Public
Utilites
Cable Available
Roof
Other
Lot Features
1/4 Acre
Heat Type
None, Separate Meters
Air Conditioning
Wall/Window Unit(s)
Sewer
Public Sewer
Sales Price
$550,000
Real Estate Tax
$6,392/yr

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536 18th St

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for your interest in 536 18th Street, West Palm Beach, West Palm Beach, FL 33407

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  • This location attracts a diverse range of tenants, ensuring strong rental demand.

    Nicholas Sproul

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536 18th St

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  • CallNicholas Sproul

    License #3330777

    (954) 304-5186
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      $550,000

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      • 2,156 Sq.Ft.
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