This fourplex property has a tremendous cash flow generating a gross annual income of $81,600. Value can be further added to this property by raising rents, submetering utilities, installing laundry facilities, or renovating the interiors. All units are occupied and the tenants are on month-to-month leases which could be readjusted to market rents. The City of West Palm Beach collects waste and landlord pays for just the utilities and property taxes. Actual rents yield a 7.23% capitalization rate. The Northwood Historic District is known for its historic charm, diverse architectural styles, and sense of community. Located near the heart of downtown West Palm Beach, offering a variety of shops, restaurants, and cultural venues. On top of blocks away from the beach!
RX-10928257
Residential - Fourplex, Multi-Family, 1 Story
6
4 Full
1928
Palm Beach
Public
1
Frame
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
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