536 18th Street
West Palm Beach, FL 33407
2156 sqft | #FX-10512881
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.
Property Details
- Utility FeaturesCable Connected, Public Sewer, Public Water
- SubdivisionUp To Date Add
- Property TypeMulti-Family
- MLS #FX-10512881
- MLS #FX-10512881
- Lot Features< 1/4 Acre
- Lot Description< 1/4 Acre
- CountyPalm Beach
- Property SubtypeQuadruplex
- Original List Price$600,000
- Taxes Annual$6,392
- Cost575000
- ViewOther
- Square Feet2156
- Year Built1925
- ZoningMF14
- Stories1
Location
Legal
© BEACHES MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: Nicholas Sproul (#279599620)
Listing Office: Southwestern Real Estate (#279618799)
Interested in Purchasing 536 18th Street?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
