536 18th Street, West Palm Beach, FL

$550,000

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2,156

Square feet

About 536 18th Street

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.

Features of 536 18th Street

MLS® # F10512881
Price $550,000
Square Footage 2,156
Year Built 1925
Type Residential Income
Sub-Type Quadruplex
Status Active Under Contract

Community Information

Address 536 18th Street
Area 5240
Subdivision Up To Date Add
City West Palm Beach
County Palm Beach
State FL
Zip Code 33407

Amenities

Utilities Cable Available
Is Waterfront No
Has Pool No

Interior

Heating None, Separate Meters
Cooling Wall/Window Unit(s)
# of Stories 1

Exterior

Exterior Features Balcony
Roof Other
Construction Block

Additional Information

Zoning MF14
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSouthwestern Real Estate

Listing Map

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