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22441977
22441978

904 4th St, West Palm Beach, FL 33401

Douglas Elliman Real Estate Palm Beach
Listed by Douglas Elliman Real Estate Palm Beach
$950,000
448 days on market
Updated 157 days ago

904 4th Street , West Palm Beach

Details
Property Type Multifamily
Sub Type 4 Plex
Square Footage 3,430
Units 4
Cap Rate 7.26%
NOI $68,949
Broker Co-Op Yes
Class C
Lot Size (SqFt) 6,500
Zoning NWD
Investment Type Value Add

Amazing opportunity to buy in the path of progress while earning 7.26% Cap Rate !

Marketing description

***EXCEPTIONAL OPPORTUNITY to acquire this TURNKEY 7.26% + CAP RATE prime 3 UNIT , approved for 4 rental units by the city ; income-producing property located in the path of progress, just West of the NORA development, slated for completion by late 2025. The property is steps away from City Place, the Bright Line, and minutes from ocean beaches, Worth Avenue, and PBI Airport . The property consists of three structures featuring FOUR approved rental units: the main house has a 3 BR/ 1.5 BA unit, & a 5BR /2BA unit; a 1BR/ 1BA Guest House; and a Studio/1 BA cottage. This 6,534 SF lot enjoys NWD zoning. New Roof 2022, renovations in 2023. Offered TURNKEY & FURNISHED. Please do not disturb the tenants. Financials & Zoning info in Documents. TAKING BACKUP OFFERS!

Listing Contacts

Douglas Elliman Real Estate Palm Beach
Listed by Douglas Elliman Real Estate Palm Beach

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$68,949.00
$5,745.75/mo

Valuation Metrics

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DSCR
7.26%
Cap Rate
7.26%
ROI

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