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Income producing Duplex, close to Intra-coastal. Offered under $180k



614 51st St

West Palm Beach, FL

  • CBS Duplex, currently rented below market. Current CAP 9.67%. Increase to over 12% by increasing rents to current market rates.
  • Front unit is 2 bedrooms and 1 1/2 baths. Has central air and new hot water tank. Back unit is a 1 bedroom/ 1 bath apartment, fenced back yard.
  • Front unit has a covered front porch, enclosing this area could add an additional 270 sq. ft. of living area. (a third bedroom or large living room)
  • Tenants would like to stay or renegotiate their leases. Property can be delivered rented or vacant.
  • Property is in good shape, only needing outside cleaning, painting, yard work.
  • Air handler unit not working for 1 bed/1 bath apartment. Tenant currently uses window units.
  • Separate electrical meters, one water meter
  • Both tenants have plenty of parking. Front unit has parking spaces in front of it and back unit has a long driveway.


No Documents for this Property

  • Sale Comps $180K - $200K
  • Rental Comps $1,650 - $2,000
  • Property Type Residential
  • Location West Palm Beach, FL
  • Size 1634 sq. ft.
  • Bedrooms 3
  • Bathrooms 2.5
  • TAV 34.8K
  • Annual Taxes $1,378
  • Year Built 1950

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