820 21st St, West Palm Beach, FL 33407

Property Description

Triplex with (3) individual units.  Units have updated bathroom, paint, windows, wall units, interior doors.  All units have laminated flooring. Separate electric and water meters (Tenants pay for Utilities Electricity/Water & Trash).   All same size units 588sqft each with a nice covered front porch TOTAL ALL 3 UNITS 1764sqft. open street parking,  all units have 2 bedrooms with Living/Dining/Kitchen area and 1 full bath with a nice size shower.  Units A & B have nice long term tenants & unit C has a very nice new 12 months tenant. Producing total of ($4,450) Rental Income monthly. All plumbing from Triplex to the street was replaced.in 2022. LEASE ENDS: UNIT A & B ON MARCH 2027. UNT C ON JULY 2027. Unit A: Stove & Oven, Fridge, Microwave, Wall Units, Washer/Dryer. YGI: $18,000. Expenses $2K for taxes, maintenance ($320 landscaping/$300 minor fixes); NOI: $15,380. Unit B: Stove & Oven, Fridge, Microwave, Wall Units, Washer/Dryer hook up. YGI: $18,000. Expenses: $2K a year for taxes, maintenance ($320 landscaping/$300 minor fixes); NOI: $15,380. Unit C: Oven, fridge. Wall Units. YGI: $17,400. Expenses. $2K a year for taxes, maintenance ($320 landscaping/$300 minor fixes); NOI: $14,780. Phenomenal growing area of West Palm Beach few minutes from the new development of Northwood Village. Just minutes away from Downtown WPB., Palm Beach Lakes Mall, PB Airport, Train Station, Hospitals, The Breakers.  One unit has washer/dryer hook up and one has washer/dryer in place.