536 18th St new Save Request In-Person Tour Request Virtual Tour
West Palm Beach,FL 33407
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,156 sqft
Price per Sqft $278
Subdivision Up To Date Add
MLS Listing ID F10512881
Style Fourplex
Construction Status Resale
Year Built 1925
Annual Tax Amount $6,392
Tax Year 2023
Property Sub-Type Fourplex
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.
Location
State FL
County Palm Beach County
Area Palm Bch 5200; 5210; 5220; 5230; 5240; 5250
Zoning MF14
Interior
Heating No Heat
Cooling Wall/Window Unit Cooling
Flooring Ceramic Floor
Exterior
Roof Type Other Roof
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition As Is
Virtual Tour https://www.propertypanorama.com/536-18th-St-West-Palm-Beach-FL-33407/unbranded