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Investment Opportunity

Miami Investmens

1883 Smith Drive North Palm Beach FL 33408 MLS #RX-11130701

1883 Smith Drive
North Palm Beach, FL, 33408
$999,000
Beds
0 Bathrooms
1,848 SqFt
0 Acres
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$999,000
1883 Smith Drive
North Palm Beach, FL, 33408
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Project Description

North Palm Beach Investment Opportunity. Turnkey income-producing 4-unit multifamily property featuring three studio apartments and one 1-bedroom unit in a highly desirable North Palm Beach location. Short distance to Palm Beach State College, shopping, dining, and the beach, ensuring strong rental demand year-round. Built with durable CBS construction, this property offers separate FPL meters, well water (no water bills), and a shared laundry room for tenant convenience. Units rent quickly and consistently, making this a solid cash-flowing asset. Ideal for investors seeking steady returns or an owner-occupant looking to live in one unit while renting the others. Don’t miss this opportunity to own a reliable, low-maintenance property in one of Palm Beach County’s best rental markets.

Property Details

Price:
$999,000
MLS #:
RX-11130701
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Quad Plex
Subdivision:
SMITH ARTHUR M AND EMMA D SUB
Listed Date:
Oct 8, 2025
Finished Sq Ft:
1,848
Year Built:
1958
StoriesSmith Arthur M And Emma D Sub

Schools

Interior

Cooling
Wall- Win A/C, Electric
Flooring
Vinyl Floor, Other
Heating
Electric

Exterior

Construction
CBS
Exterior Features
Exterior W/D Hookup, Open Porch, Fence
Homeowners Assoc
None
Lot Description
< 1/4 Acre, East of US-1, Public Road
Roof
Comp Shingle
View
Garden
Waterfront Details
None

Financial

Gross Operating Income
$66,000
HOA Fee
$0
Net Operating Income
$50,000
Taxes
$0
Utilities
Electric, Well Water, Public Sewer, Cable

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Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
1883 Smith Drive
North Palm Beach, FL