805 20th ST #A,b,c, West Palm Beach, FL 33407
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$700,000
Est. payment /mo
2,716 SqFt
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,716 sqft

Price per Sqft $257

Subdivision Washington Heights

MLS Listing ID R11161477

HOA Y/N No

Year Built 1929

Annual Tax Amount $6,214

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type Triplex

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 $1,800 until April 2027. Front house leased for $2,400 month-to-month creating flexibility for rental increases or future redevelopment. Total rents up to $6,200 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 month Investment 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.

Location

State FL

County Palm Beach

Community Washington Heights

Area 5420

Direction I-95 Palm Beach lakes east to Tamarind, north 20th, east house on left 805

Interior

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Vinyl

Exterior

Exterior Feature Storm/Security Shutters

Pool None

Utilities Available Water Available

Roof Type Composition

Private Pool No

Building

Lot Description <1 Acre, < 1/4 Acre

Story 2

Water Public

Level or Stories Two

Others

Pets Allowed No Pet Restrictions

Senior Community No

Restrictions No Restrictions

Tax ID 74434316100060190

Acceptable Financing Cash, Conventional, Owner May Carry, Owner May CarrySecond

Listing Terms Cash, Conventional, Owner May Carry, Owner May CarrySecond

Pets Allowed No Pet Restrictions

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Keyes Company
Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL, 33331

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805 20th ST #A,b,c