Tuesday, October 10, 2023

733 51st St, West Palm Beach, FL 33407

Only $409,900

(Not on the MLS) 


Only Duplex Available in Sub Division


3/1 & 3/1

Property Use: Use Code: 08 / MULTI-FAMILY LESS THAN 10
Land Use: MULTI-FAMILY (0800)
Lot Size: 0.117 acres / 5,097 sf

2022 taxes: $5,757.47

Insurance: $4,000 (Only Fire and Storm) Annually

~ Cash flow opportunity or buy and Flip ~

Located in "NORTH PALM BCH 4" Subdivision

Front unit A 3/1 - 925 SqFt:
Rented out for $1,300 - 1-year lease (exp 10/31/23) Tenant been renting for 18years
 Tenants Pay Cash
Everything interior is original
The roof was done in 2005
Central A/C
Aluminium Windows
Separate electric and water meter
All white appliances 
City Sewer

Back unit B 3/1 - 925 SqFt:
Rented out for $1,450 on Month-Month (been renting 2 years)
 Tenants Pay Cash
The roof was done in 2005
Central A/C
The cabinets were replaced back in 2017 and the countertops are laminated - looks like granite but material is decorative laminate
Aluminium Windows
All white appliances 
Separate electric and water meter
City sewer

Owner expenses:
Property taxes and Insurance 

Local rents for 3/1 can rent up to $2,000 and can bring cap up to 9.5%

 Located in the middle of Northwood Harbor Historic District. Minutes from Singer Island Beach, I-95 and to the south mins from the Breakers Palm beach.

Tenant Occupied, Please call for Showing and do not Disturb tenants.

📞Call JC @ 954-477-1466 for showing📞