Welcome to the historic neighborhood of Northwood; one of West Palm Beach's hottest areas. This is a rare opportunity to own an income producing multi-family property perfectly situated East of US1 just blocks to the Intracoastal Waterway. This historical gem spread out over 2-Structures on an oversized lot. The front Main House is a quintessential Mission Style Home complete with 2 Bedrooms and 2 Full Baths. (1,496 Under Air). Currently occupied by the owner. The remaining Units are all 1 Bedroom and 1 Full Bath located in a 2-story with Upper & Lower Porches situated behind the main house on the back of the property. ALL Units are currently occupied month-to-month by long-term tenants. (1,608 Under Air). SEE SUPPLEMENT. There are several income producing opportunities here including an owner occupied seasonal rental with AirBNB or as annual rentals. Rent is in this area has increases nearly 30% year-over-year. Located in an up in coming area and surrounded by million dollar homes this income producing property would be perfect for any investor or savvy family looking for the opportunity to create extra income. It's been 26 years since this property was last offered on the open market. Don't miss the BIG OPPORTUNITY!
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Last Updated: . Source: BMLS
Provided By
Listing Agent: Patrick J Elber (#276535633)
Listing Office: Douglas Elliman (#276540760)