1106 18th Street, West Palm Beach, FL 33407

 -  $240,000

MLS® # RX-10621423

  • 5 Bedrooms
  • 2 Bathrooms
  • 1,562 SQ. Feet
  • 1928 Year Built

Cash Flow duplex. Two separate structures on same lot, all legal and conforming. Front house is a 3 bedroom, 1 bathroom which is newly renovated. Brand new central AC, Electrical Panel, Flooring and Kitchen. Back unit is a 2 bedroom, 1 bathroom with laminate floors, upgraded kitchen and bathroom and central AC. Both units have washer/dryer hook-up and are separately metered for water and electric. Rear unit tenant occupied, front unit vacant but may be delivered with tenant. Projected NOI of $18,000+ (including re-assessed taxes based on purchase) yields 7.65% Cap Rate. Contact agent for pro forma and additional details. Ask about turn-key management solutions and 1-year rent collection guarantee.

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Property

Location

  • NeighborhoodTAMARIND PARK
  • Address1106 18th Street
  • CityWest Palm Beach
  • StateFL

Size And Restrictions

  • Acres0.08
  • Lot Description< 1/4 Acre
  • RestrictionsNone

Taxes

  • Tax Amount$2,823
  • Tax Year2019

Improvements

  • Property SubtypeDuplex
  • FenceYes
  • SprinklerNo

Utilities

  • Utilities3-Phase Electric, Cable, Public Water

Market

Interior

Bedrooms And Bathrooms

  • Bedrooms5
  • Bathrooms2.00

Heating And Cooling

  • HeatingCentral, Electric
  • Air ConditioningElectric, Central

Building

Building Information

  • Year Built1928
  • # Of Stories1
  • ConstructionCBS, Frame, Frame/Stucco
  • RoofComp Shingle, Comp Rolled

Property Features

  • Exterior FeaturesFence, None

Community

Home Owners Association

  • HOA Membership (Monthly)Yes
  • HOA Fees$0
  • HOA Fees IncludeNone

Info

  • OfficeKW Innovations

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Listing information last updated on May 24th, 2020 at 6:30pm EDT.