536 18th Street, West Palm Beach, FL 33407
- $550,000
- 2,156
- SqFt
- List Price
- $550,000
- Days on Market
- 124
- MLS#
- F10512881
- Year Built
- 1925
- Living Area
- 2,156
- Building Name
- Up To Date Add
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.
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Additional Information
- Taxes
- $6,392
- Community Features
- Up To Date Add
- Property Description
- Fourplex
- Zoning
- MF14
- Utilities
- Cable Connected, Cable Available
- Heating
- None
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Concrete Block Construction
- Roof
- Other Roof/Roof Structure, Other
Listing Courtesy Of Southwestern Real Estate, Contact: