Address: 805 20th Street A,b,c, West Palm Beach, FL 33407
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 onlyplease 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.
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 onlyplease 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.
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