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805 20th Street West Palm Beach FL 33407 MLS #RX-11059307

805 20th Street
West Palm Beach, FL, 33407
$750,000
Beds
0 Bathrooms
2,944 SqFt
0.13 Acres
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$750,000
805 20th Street
West Palm Beach, FL, 33407
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Project Description

Front Single-Family Home3 Bedrooms / 1 Bathroom | 1,600 Sq. Ft.Tenant occupied for six years at $2,400 per month (below market rent)Lease ends July 31, 2025 – Potential market rent: $2,590 per monthA/C: 2018, Water Heater: 2014**Rear DuplexUnit 803B (4 Bedroom / 2 Bathroom – Upstairs)Currently rented at $1,950 per month (below market rent)Potential market rent: $3,130 per month**Unit 803A (3 Bedroom / 1 Bathroom – Downstairs)Tenant paying $1,575 per month (below market rent)Potential market rent: $2,590 per monthFeatures newer wall unit A/Cs, water heater (2016)Lease ends January 31, 2025Flexible Delivery: While leases are in place, the property can be delivered with one or two units vacant, allowing the new owner to adjust rental strategy immediately.

Property Details

Price:
$750,000
MLS #:
RX-11059307
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Triplex
Subdivision:
WASHINGTON HEIGHTS
Listed Date:
Feb 5, 2025
Finished Sq Ft:
2,944
Lot Size:
5,756 sqft / 0.13 acres (approx)
Year Built:
1929
Washington Heights

Schools

Interior

Cooling
Central, Wall- Win A/C
Flooring
Vinyl Floor
Heating
Central, Window/Wall

Exterior

Construction
Mixed
Exterior Features
Open Porch
Homeowners Assoc
None
Lot Description
< 1/4 Acre
Roof
Comp Shingle
Waterfront Details
None

Financial

Gross Operating Income
$69,300
HOA Fee
$0
Net Operating Income
$59,500
Taxes
$0
Utilities
Electric, Public Water, Water Available

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Profitability of the Property

Net Monthly Income:
Annual Profitability of:
805 20th Street
West Palm Beach, FL