- Price$ 199,900
- LocationFL / West Palm Beach
- Area5420 sqft
- Year Build1925
Property DescriptionGreat income producing property!!! This 4 unit property is 100% occupied with all tenants on a 1 year lease agreement. 12% cap rate!!! Income has been verified and proper vetting performed prior to move-ins. Security deposits and last month's rents are all in escrow. Both buildings have been painted on the interior and exterior within the last 6 months. Many repairs and updates have been done to all 4 units. Great cash flowing property. At new price, the cash-on-cash return is 21. 43%. Returns can easily increase to over 25%, see "broker remarks". Located close to shops, restaurants, historic areas and more.
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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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