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518 Biscayne Drive

West Palm Beach, FL 33401
  • $1,250,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: RX-11052500
$1,250,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,372
    SQFT
  • $371
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

Upgraded 4-unit multifamily property in historic Flamingo Park. Qualifies for favorable owner-occupant financing which allows the rental income to help qualify for the loan with as low as 5% downpayment.Impact windows throughout. Each unit has Central AC and updated electrical panels. Units include in-unit washers and dryers, high ceilings, and tankless water heaters. A large backyard provides ample outdoor space for tenants. Durable flat roof (2014) and updated barrel tile roof. Plumbing is originally cast iron and much has been replaced with PVC.

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www.kaufman-propertiesfl.com/homes/159457966
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518 Biscayne Drive West Palm Beach, FL 33401

  • Price: $1,250,000
  • Status: Active
  • On Site: 23 Days
  • ID#: RX-11052500
0
Beds
0
Baths
0
½ Baths
0.14
Acres
3,372
SQFT
$371
$/SQFT
1925
Built
Neighborhood:
Flamingo Park In
County:
Palm Beach
Area:
West Palm Beach
Property Description
Upgraded 4-unit multifamily property in historic Flamingo Park. Qualifies for favorable owner-occupant financing which allows the rental income to help qualify for the loan with as low as 5% downpayment.Impact windows throughout. Each unit has Central AC and updated electrical panels. Units include in-unit washers and dryers, high ceilings, and tankless water heaters. A large backyard provides ample outdoor space for tenants. Durable flat roof (2014) and updated barrel tile roof. Plumbing is originally cast iron and much has been replaced with PVC.
Exterior Features

Carport Spaces 0.00 Construction Frame Exterior Features Auto Sprinkler Lot Description < 1/4 Acre Lot Dimensions 50.0 ft x 125.0 ft Private Pool YN No Roof BarrelBuilt-UpTar/Gravel Storm Protection Impact Glass Complete Unit1 Parking NoneOpen Parking Unit2 Parking NoneOpen Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Flooring Ceramic TileWood Floor Heating Central Unit1 Bedrooms 2 Unit1 Desc A/C UnitDryerVolume CeilingWasher Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 825 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDryerVolume CeilingsWasher Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 825 Unit3 Bedrooms 1 Unit3 Desc A/C UnitDryerVolume CeilingWasher Unit3 Full Baths 1 Unit3 Sq Ft 825 Unit4 Bedrooms 1 Unit4 Desc A/C UnitDryerVolume CeilingWasher Unit4 Full Baths 1 Unit4 Sq Ft 825

Property Features

Annual Net Operating Income 65000.00 Annual Total Expenses 40000.00 Auction No Available Info Leases Built Desc Resale Gated Community No Gross Operating Income 105000.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Multifamily Type Quad Plex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Other Sq Ft Total 3612.00 Subdivision Amenities BasketballBike - JogDog ParkFitness TrailParkPlaygroundTennis Tax Amount 15904.50 Tax Year 2024 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventionalExchange Unit1 Lease Ends 2026-03-01 Unit1 Monthly Income 2300.00 Unit2 Lease Ends 2026-03-01 Unit2 Monthly Income 2400.00 Unit3 Lease Ends 2025-03-01 Unit3 Monthly Income 2200.00 Unit4 Lease Ends 2025-06-01 Unit4 Monthly Income 1900.00 Utilities CableElectricPublic SewerWater Available Zoning SF14(c

Listing provided courtesy of 49 Units, LLC: . Listing information © 2025 BeachesMLS
 
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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432