536 18th St

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

Are you interested?

Schedule a Tour

Nicholas Sproul

(954) 304-5186 [email protected]

Features & Amenities

Total Area

2,156 Sq.Ft.

Stories

Water Source

Public

Utilities

Cable Available

Roof

Other

Lot Features

1/4 Acre

Heat Type

None, Separate Meters

Air Conditioning

Wall/Window Unit(s)

Sewer

Public Sewer

Other Exterior Features

Balcony

Sales Price

$550,000

Real Estate Tax

$6,392/yr

Zoning

MF14

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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Thank you

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

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