1913 Division Ave, West Palm Beach, FL 33407 Available

  • $565,000
  • 11 beds
  • 5 baths

Building 1
4 x 2 Bed/1 Bath
2,544 Sq. Ft
CBS – Built in 1949

Building 2
3 Bed, 1 Bath
840 Sq. Ft
Frame/Stucco – Built in 1939

This legal 5 unit Multifamily is situated on a 5,662 Sq. Ft lot with separate electric meters. There’s parking in between the 2 buildings and also on the street. Currently only 1 unit rented with pending lease applications. Low taxes and insurance, this property has the potential to produce a 8%+ CAP Rate.

Building 1:
4 units, all 2 bed, 1 bath. 636 Sq. Ft. each. 2 units have had some renovations with the other 2 needing TLC. Mainly to flooring and kitchen. 1 unit is rented to Section 8 tenant for $1,200/month, one unit has a lease pending and the other 2 are vacant. All central A/C units are 5-10 years old, the roof is 10+ years old with no signs of leaks. CBS Construction, built in 1949.

Building 2:
3 bed, 1 bath. Needs some TLC but is in rentable condition. Roof is 10+ years old with no signs of leaking. 840 Sq.Ft. Central A/C, approx. 5 years old. Market rent is $1,600. Frame with Stucco construction, built in 1939.

Address Distance. (mi.) Beds Baths Living Area (sq. ft.) Lot Size (sq. ft.) Built Sale Price Sale Date

Home pin
1913 DIVISION AVE
WEST PALM BEACH, FL 33407
3 1 2,544 5,663 1975 $460,000 9/30/2019

Comparable home 1 pin
805 19TH ST Unit 1
WEST PALM BEACH, FL 33407
0.04 miles N 0 0 2,948 5,754 1965 $445,000 06/30/2020

Comparable home 2 pin
516 20TH ST
WEST PALM BEACH, FL 33407
0.28 miles E 0 4.00 2,634 7,505 1961 $310,000 01/22/2020

Price:
$565,000
Address:
1913 Division Ave
West Palm Beach, FL 33407
Bedrooms:
11
Bathrooms:
5
Terms:
Assignment of Contract
Property Type:
Commercial

Call (954) 998-3366 for more details

Property Location