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805 20th Street , A,B,C

West Palm Beach, FL 33407
  • $850,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: RX-11038134
Price Reduced
UPDATED: 15 min ago
$850,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,716
    SQFT
  • $313
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Description

### **Investor-Focused Property #### **Exceptional Multi-Unit Income Opportunity** This unique property offers a **front single-family home** and a **rear duplex**, providing **multiple streams of rental income** in a high-demand market. Located in the revitalizing Northwood district, just 1.8 miles from downtown West Palm Beach, this property is an ideal investment for long-term cash flow and appreciation!! **Property Breakdown** ###According to West Palm Housing Authority, Rates for 3 bed = $2,590 and 4 Bed = $3,130###**Front Single-Family Home** -3 Bed, 1 Bath | 1,600 Sq. Ft.- Tenant occupied for 6 years at $2,400/month (below market)**Lease ends July 31, 2025 -Potential income $2,590/month A/C: 2018, Water Heater 2014**

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www.kaufman-propertiesfl.com/homes/157995727
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805 20th Street , A,B,C West Palm Beach, FL 33407

  • Price: $850,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 15 min ago
  • ID#: RX-11038134
0
Beds
0
Baths
0
½ Baths
0.13
Acres
2,716
SQFT
$313
$/SQFT
1929
Built
Neighborhood:
Washington Heights
County:
Palm Beach
Area:
West Palm Beach
Property Description
### **Investor-Focused Property #### **Exceptional Multi-Unit Income Opportunity** This unique property offers a **front single-family home** and a **rear duplex**, providing **multiple streams of rental income** in a high-demand market. Located in the revitalizing Northwood district, just 1.8 miles from downtown West Palm Beach, this property is an ideal investment for long-term cash flow and appreciation!! **Property Breakdown** ###According to West Palm Housing Authority, Rates for 3 bed = $2,590 and 4 Bed = $3,130###**Front Single-Family Home** -3 Bed, 1 Bath | 1,600 Sq. Ft.- Tenant occupied for 6 years at $2,400/month (below market)**Lease ends July 31, 2025 -Potential income $2,590/month A/C: 2018, Water Heater 2014**
Exterior Features

Carport Spaces 0.00 Construction Mixed Exterior Features Open Porch Lot Description < 1/4 Acre Private Pool YN No Roof Comp Shingle Storm Protection Panel Shutters Complete Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling CentralWall-Win A/C Flooring Vinyl Floor Heating CentralWindow/Wall Unit1 Bedrooms 3 Unit1 Desc A/C UnitDen/FamilyDishwasherElectric MeterKitchen Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 1182 Unit2 Bedrooms 3 Unit2 Desc A/C UnitDen/FamilyElectric MeterKitchenMicrowavePatioRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 732 Unit3 Bedrooms 4 Unit3 Desc A/C UnitElectric MeterKitchenRefrigerator Unit3 Full Baths 2 Unit3 Furnished No Unit3 Sq Ft 832

Property Features

Annual Net Operating Income 59500.00 Annual Total Expenses 9800.00 Auction No Available Info DepositLeases Built Desc Resale Gated Community No Gross Operating Income 69300.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Multifamily Type Triplex Possession Funding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Sq Ft Total 2944.00 Subdivision Amenities Park Tax Amount 5200.92 Tax Year 2024 Taxes No Homestead Tenant Pays CableElectric Terms Considered CashConventional Unit1 Lease Ends 2025-07-31 Unit1 Monthly Income 2400.00 Unit2 Lease Ends 2025-01-31 Unit2 Monthly Income 1575.00 Unit3 Monthly Income 0.00 Utilities ElectricPublic WaterWater Available Zoning SF11(c

Listing provided courtesy of The Keyes Company: 561-577-0398. Listing information © 2024 BeachesMLS
 
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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432