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Palm Beach County · West Palm Beach, FL 33407

GREAT FIX AND FLIP OR BUY AND HOLD IN 814 42nd Street, West Palm Beach, FL 33407

$379,900
4
Beds
2
Baths
1,509
Sq ft
1949
Year built
$120K spread

About this property

This legal duplex in West Palm Beach offers 2 units totaling 4 bedrooms and 2 bathrooms across 1,509 SQFT of living area, with a 3 bedroom / 1 bathroom unit and a 1 bedroom / 1 bathroom unit. The property is tenant occupied on month-to-month tenancy, with the 3/1 unit renting for $1,200/month and the 1/1 unit for $900/month, for total current rent of $2,100/month and annual gross rent of $25,200. It is a value-add opportunity with immediate rental income for an investor looking to improve income and property value. The buyer must assume the existing tenants, and occupants are not to be disturbed. The property is sold as-is for cash or hard money only, with the seller selecting the escrow and title agent and the buyer covering all closing costs.

Property snapshot

Layout4 Bed / 2 Bath
Living area1,509 sq ft
Year built1949
Property typeMulti-Family
CountyPalm Beach County

Deal details

Asking price$379,900
ARV estimate$500,000
Spread (ARV − asking)$120,100
Brought to you by
M
Ms. Meriam Aberri
Miami Off-Market Deals
+1 (305) 762-9521office.royal.investments@gmail.com1 Alhambra Plaza, Penthouse Floor, Coral Gables, FL 33134

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The numbers

Asking
$380K
ARV est.
$500K
Spread
$120K
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M
Ms. Meriam
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