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Susan Larkin

susan.larkin@engelvoelkers.com +1(781) 801-5885

$ 600,000

Est. payment -/mo

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Active

536 18th St West Palm Beach, FL 33407

2,156 SqFt

UPDATED:

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

Listed by Southwestern Real Estate

Susan Larkin

Advisor | License ID: SL3570527

+1(781) 801-5885

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