- MLS® #: RX-11038134
- 805 20th St #a,b,c
- West Palm Beach, FL 33407
- $850,000
- 10 Beds, 4 Bath, 2,944 SqFt
- Multi-Unit
### **Investor-Focused Property #### **Exceptional Multi-Unit Income Opportunity** This unique property offers a **front single-family home** and a **rear duplex**, providing **multiple streams of rental income** in a high-demand market. Located in the revitalizing Northwood district, just 1.8 miles from downtown West Palm Beach, this property is an ideal investment for long-term cash flow and appreciation!! **Property Breakdown** ###According to West Palm Housing Authority, Rates for 3 bed = $2,590 and 4 Bed = $3,130###**Front Single-Family Home** -3 Bed, 1 Bath | 1,600 Sq. Ft.- Tenant occupied for 6 years at $2,400/month (below market)**Lease ends July 31, 2025 -Potential income $2,590/month A/C: 2018, Water Heater 2014****Rear Duplex** Unit 803B (4 Bed/2 Bath -Upstairs) Vacant, potential income $3,130/month A/C: 20 **Unit 803A (3 Bed/1 Bath - Downstairs - Tenant paying $1,575/month (below market). - Potential Income $2,590/month - Features newer wall unit A/Cs water heater 2016 - Lease ends: January 31, 2025** **Additional Features** - Utilities - 3 electric meters, 1 shared water meter (avg. $300/month). - Lawn care Approx $60/month. **Investment Highlights** **Immediate Upside - Rents are currently below market, providing an opportunity to increase income to West Palm Housing Authority standards, which total **$8,310/month** across all units. **Strong Rental Demand - Proximity to employment hubs, cultural attractions like Clematis Street, and convenient transportation access (I-95, Brightline, Palm Beach International Airport). **Area Revitalization -The Northwood area is undergoing growth and development, driving increased property values and demand. **Strategic Location - Just steps from Northwood Historic District and 1.8 miles from downtown West Palm Beach. #### **Why Invest Here?** The property's location, combined with its strong rental income potential and appeal to both market-rate and public housing rates , makes it an ideal investment for steady cash flow and future growth. With proximity to cultural, professional, and transportation hubs, this is a prime opportunity in one of South Florida's most promising areas. Don't miss this chance to maximize your portfolio with this income-generating, multi-unit property!
View Virtual TourEssential Information
- MLS® #RX-11038134
- Price$850,000
- Bedrooms10
- Bathrooms4.00
- Full Baths4
- Square Footage2,944
- Year Built1929
- TypeMulti-Unit
- Sub-TypeTriplex
- StyleNo
- StatusPrice Change
Community Information
- Address805 20th St #a,b,c
- Area5420
- SubdivisionWASHINGTON HEIGHTS
- CityWest Palm Beach
- CountyPalm Beach
- StateFL
- Zip Code33407
Amenities
- WaterfrontNone
Utilities
3-Phase Electric, Public Water, Water Available
Interior
- HeatingCentral, Window/Wall
- CoolingWall-Win A/C, Central
- # of Stories2
Exterior
- Exterior FeaturesOpen Porch
- Lot Description< 1/4 Acre
- RoofComp Shingle
- ConstructionMixed
Additional Information
- Date ListedNovember 18th, 2024
- Days on Website9
- ZoningSF11(c
- Contact Info561-577-0398
- Office: The Keyes Company
Property Location
805 20th St #a,b,c on www.jupiterabacoahomes.us
Offered at the current list price of $850,000, this home for sale at 805 20th St #a,b,c features 10 bedrooms and 4 bathrooms. This real estate listing is located in WASHINGTON HEIGHTS of West Palm Beach, FL 33407 and is approximately 2,944 square feet. 805 20th St #a,b,c is listed under the MLS ID of RX-11038134 and has been available through www.jupiterabacoahomes.us for the West Palm Beach real estate market for 9 days.Facts About West Palm Beach, FL
West Palm Beach is home to over one million people and is the 3rd most populated city in the state of Florida.
If you are looking for some vibrant nightlife in West Palm Beach then visit Dr. Feelgood's Rock Bar and Grill. This colorful nightclub was created by Motley Crue’s front man Vince Neil and is a exciting venue for those looking for some great West Palm Beach nightlife.
West Palm Beach is home to the Bel Air Historic District. It was built in the 20s and 30s and boast some of Palm Beach's most beautiful and historic architecture.
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© 2024 Beaches Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on November 27th, 2024 at 6:15pm CST.