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Beaches MLS

© 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.

$700,000
For Sale

805 20th Street #A,B,C

West Palm Beach, FL 33407
2716 sqft | 0.13 acres
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805 20th Street #A,B,C
53 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

Seller Financing Available - 30% Down, 10% Interest! Rare investment opportunity with a front single-family home (3/1, approx. 1,600 SF) and a two-story duplex in the rear. Duplex includes a 4/2 upstairs and a 3/1 downstairs. All tenants are currently on month-to-month leases, creating flexibility for rental increases or future redevelopment. Current total rent is $5,925/mo with upside to $8,310+/mo. Front home features A/C (2018), water heater (2014). Rear units include newer wall A/Cs and water heater (2016). Below-market rents provide built-in value-add. Drive-by only—please do not disturb tenants. All tenants are currently Month to Month. According to the West Palm Housing Authority, market rates for a 3-bedroom unit are $2,590 and for a 4-bedroom unit are $3,130. Additional Features: Utilities: Three separate electric meters, one shared water meter (average $300 per month) Lawn care: Approximately $60 per month Investment Highlights: Immediate Upside: Rents are currently below market, with the opportunity to increase to align with West Palm Housing Authority rates, totaling $8,310 per month across all units. Strong Rental Demand: Close to employment hubs, Clematis Street, and major transit routes including I-95, Brightline, and Palm Beach International Airport. Area Revitalization: Northwood is undergoing significant redevelopment, leading to increasing property values and rental demand. Strategic Location: Steps from the Northwood Historic District, 1.8 miles from downtown West Palm Beach, and minutes from the Intracoastal. Why Invest Here? This property offers strong rental income potential, a prime location, and long-term appreciation, making it an excellent investment for steady cash flow and future growth. Whether you are looking to maximize rental income or owner-occupy a unit, this opportunity provides flexibility and potential in one of South Florida's most promising markets.

  • Property Details
      • Utility FeaturesElectricity Connected, Public Water, Water Available
      • SubdivisionWASHINGTON HEIGHTS
      • Property TypeMulti-Family
      • RoofComposition
      • Lot Features< 1/4 Acre
      • Lot Description< 1/4 Acre
      • Exterior FeaturesOpen Porch
      • Exterior MaterialsOpen Porch
      • CountyPalm Beach
      • Original List Price$825,000
      • Cost700000.0
      • CoolingCentral
      • Property SubtypeTriplex
      • Square Feet2716.0
      • Lot Size (sqft)5756.0
      • ZoningSF11(c
      • Taxes Annual$5,738
      • Acres0.132
      • Year Built1929
      • Hoa Fees0.0
      • Stories2

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: Today at 6:37 AM. Source: BMLS

Provided By
Listing Agent: Michael J Johnston (#278027895)
Listing Office: The Keyes Company (#276658635)

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