Property
Beds
3
Full Baths
2
1/2 Baths
None
Year Built
1950
Sq.Footage
1,284
Recent upgrades and features include a 2014 roof, 2017 A/C system, and a tankless water heater, along with double hurricane straps for added protection that may help reduce insurance costs. Excellent investment opportunity with strong income potential. The property offers multiple income streams, including a 2-bedroom, 1-bath main home, a separate 1-bedroom, 1-bath back unit currently generating approximately $1,500/month, and a detached RV space producing $1,000/month, totaling $2,500/month to help offset the mortgage. As a full investment, the property has the potential to generate up to $5,500/month ($3,000 main house, $1,500 back unit, $1,000 RV), reflecting an estimated cap rate of 10.07%. Ideal for both investors and owner-occupants seeking additional rental income. Ideally located just one block from Belvedere Elementary School and Conniston Middle School, and only half a block from Bill Moss Hillcrest Paseo Park and the Palm Beach Atlantic University Marshall and Vera Lea Rinker Athletic Campus. Enjoy being just 1.5 miles from the Kravis Center, 7 minutes to the beach, and with convenient access to I-95, downtown West Palm Beach, CityPlace/Rosemary Square, and Palm Beach International Airport. Within walking distance to schools, shopping, and dining.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
2
-
Cooling YN
YES
-
Cooling
Central Air, Ceiling Fan(s), Wall/Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
-
Main Level Bedrooms
3
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Block, Stucco
-
Other Exterior Features
Barbecue
-
Parking
Circular Driveway, Concrete, Driveway
-
Patio and Porch Features
Porch, Patio, Screened
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.16
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
Price
-
Sales Price
$575,000
-
Tax Amount
$4,386.87
-
Sq. Footage
1, 284
-
Price/SqFt
$447
HOA
-
Association
No
School District
-
Elementary School
Belvedere
-
Middle School
Conniston Community
-
High School
Forest Hill
Property Features
-
Stories
1
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Palm Beach
Elementary School
Belvedere
Middle School
Conniston Community
High School
Forest Hill
Listing Courtesy of John A Diaz , KW Reserve Business Brokerage LLC
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