516 20th Street A.

Date Listed
Listing Status
West Palm Beach
$ 315,000

Property Attributes

  • Price$ 315,000
  • LocationFL / West Palm Beach
  • Bedrooms7
  • Bathrooms3
  • Area2520 sqft
  • Year Build1961
  • Direction

Property Description

Long-term tenants with below market rent on two of the three units. Current monthly gross is $3,200 potential monthly gross is $3,550, annual current gross income is $38,400, potential annual gross income is $42,600. Operating expenses are property taxes : $3,442 property insurance (optional ) $1,943, general liability (optional) $458, lawn $900 a year total expenses $6,743. 69 current net annual income is $31,656, potential net annual income is $35,856. Actual cap rate is 8. 50%, potential cap rate is 9. 56%.
IDX information regarding 516 20th Street A West Palm Beach FL 33407 and West Palm Beach realty in Town of West Palm Beach is provided exclusively for consumer's personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the data is deemed reliable but is not guaranteed accurate.

Unless otherwise noted, all property information regarding homes for sale in West Palm Beach FL and West Palm Beach realty in Town of West Palm Beach is obtained from public records and/or provided by MVRealty.
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