805 20th Street A,b,c, West Palm Beach, FL 33407
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  • MLS#: R11161477 ( Residential Income )
  • Street Address: 805 20th Street A,b,c
  • Viewed: 1
  • Price: $700,000
  • Price sqft: $238
  • Waterfront: No
  • Year Built: 1929
  • Bldg sqft: 2944
  • Total Baths: 4
  • Days On Market: 1
  • Additional Information
  • Geolocation: 27 / -80
  • County: Palm Beach
  • City: West Palm Beach
  • Zipcode: 33407
  • Subdivision: Washington Heights
  • Provided by: The Keyes Company
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  • 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 and a 3/1 downstairs. 2 tenants are currently on month to month leases, and 3rd expires 6/30/27 creating flexibility for rental increases or future redevelopment. Current total rent is $6.050/mo with upside to $8,310+/mo. Front home features A/C (2018), water heater (2014). Rear units include newer wall A/Cs and water heater (2016). Below market rents provide built in value add. Drive by onlyplease 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.
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Features
Building and Construction
  • Flooring: Vinyl
  • Roof: Composition
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Central Air, Wall/Window Unit(s)
  • Electric: Three Phase
  • Heating: Central, Window/Wall
  • Utilities: Water Available
Amenities
  • Association Amenities: Park
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Cable TV, Electricity
Other Features
  • Legal Description: WASHINGTON HGTS LOT 19 BLK 6
  • Parcel Number: 74434316100060190
  • Unit Number: A, B, C
  • Zoning Code: SF11(c