BEDS0
BATHS
SQUARE FEET2,944
MLS#R11161477
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWASHINGTON HEIGHTS
Property Description
Rare investment opportunity with a front single-family home (3/1, approx. 1,600 SF) and a two-story duplex in the rear. Duplex includes a 4/2 upstairs $2,000 per month lease expires 6/30/27. 3/1 downstairs vacent and rents for $1,800-$1,900. Front house leased for $2,400 month-to-month creating flexibility for rental increases or future redevelopment. Total rents up to $6,300 or more. Front home features A/C (2018), . Rear units include newer wall A/Cs and water heater (2016). Below-market rents provide built-in value-add. Drive-by only--please do not disturb tenants. According to the West Palm Housing Authority, market rates for a 3-bedroom unit are $2,590 and for a 4-bedroom unit are $3,130.Additional Features:Utilities: Three separate electric meters, one shared water meter (average $300 per month)Lawn care: Approximately $60 per monthInvestment Highlights:Immediate Upside: Rents are currently below market, with the opportunity to increase to align with West Palm Housing Authority rates, totaling $8,310 per month across all units.Strong Rental Demand: Close to employment hubs, Clematis Street, and major transit routes including I-95, Brightline, and Palm Beach International Airport.Area Revitalization: Northwood is undergoing significant redevelopment, leading to increasing property values and rental demand.Strategic Location: Steps from the Northwood Historic District, 1.8 miles from downtown West Palm Beach, and minutes from the Intracoastal.Why Invest Here?This property offers strong rental income potential, a prime location, and long-term appreciation, making it an excellent investment for steady cash flow and future growth. Whether you are looking to maximize rental income or owner-occupy a unit, this opportunity provides flexibility and potential in one of South Florida's most promising markets.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central, Window/Wall
Lot Size: 0.13 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $6,214
Year Built: 1929
Feature Descriptions
Association Amenities: Park
Days on Site: 69
Exterior: Mixed
Flooring: Vinyl
Parcel#: 74434316100060190
Patio/Porch: Porch - Open, Porch
Restrictions: No Restrictions
SQFT Living: 2716
Units: 3
Utilities: Water Available
Utilities: Water Available
Water: Public
Waterfront Features: None
Listed By / Shown By
Listed By
Agency Name: The Keyes Company
Agency Phone: 561-220-0550
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 2,279.90 per month $1,557.90 Principal & Interest $517.83 Property Tax $204.17 Homeowner's InsuranceChange Payment Information
805 20th Street, Unit A,B,C | MLS# R11161477
This multi-family property located at 805 20th Street, Unit A,B,C, West Palm Beach, FL 33407 is currently listed for sale with an asking price of $700,000. Search West Palm Beach real estate on www.realtymarkllc.com today.