- Price$ 189,000
- LocationFL / West Palm Beach
- Area1888 sqft
- Year Build1915
Property DescriptionUnique investment property in west palm beach. This duplex generates cashflow day 1, with lots of upside to improve (needs some tlc). Unique single family industrial zoning gives owners/tenants lots of options! Bring your work trucks and landscaping equipment! One of the units is a large 4x2 (rent $1,000/mo) and 2nd one is a 2x1 (rent $750/mo). Tenants pay all utilities. Separate 2-story two car garage/workshop is currently rented to tenants for additional income ($300/mo), could be converted to additional apartment. Close to major highways and minutes to downtown wpb. Gross rent: $24,600; expenses (tax & ins): $5,245 = noi: $19,355 = 10. 24% cap rate.
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