536 18th Street, West Palm Beach FL 33407

For sale Days on market 124

Up To Date Add [ Quadruplex ]

$550,000

$255/sq ft

$50,000
Price Decreased

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Overview

Year Built

1925

Sqft

2156

Property Type

Quadruplex

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.

Property Details

MLS#

F10512881

Total Floor in Bldg

Building

Up To Date Add

Address

536 18th

City

West Palm Beach

State/county

Zip/Postal Code

33407

Area

Up To Date Add

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$6,392

Maint Fee

$--

Tax Year

2023

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