561-810-3537
518 Biscayne Dr, West Palm Beach, FL for Sale
Apartments - FOR SALE
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518 Biscayne Dr
West Palm Beach, FL 33401


HIGHLIGHTS

  • Future Upside: Historic Flamingo Park remains one of the most stable and appreciating neighborhoods in West Palm Beach
  • Strong Rental Demand: Located in a high-density, high-demand historic district with a proven track record of consistent occupancy.
  • Income Versatility: Ideal for a "house hack" (live in one unit and rent the others) or as a high-performing addition to a long-term rental portfolio.
  • Walker’s Paradise: Boasting a Walk Score of 84, you are just steps away from Bedner’s Farm Fresh Market, The New Park Place Retail Development & More
  • Urban Convenience: Minutes from Downtown West Palm Beach, Clematis Street, and The Square (formerly CityPlace) for world-class dining,& shopping
  • Connectivity: Ideally situated for professionals and students. Minutes away from PB Atlantic University, PBC Courthouse, Brightline & The Airport

OVERVIEW

STUNNING RENOVATION IN PROGRESS: All 4 units have (or will have) totally renovated kitchens and bathrooms: (2 of the 4 units are done) KITCHEN 1. New Cabinents & Cupboard 2. New Sink 3. New Samsung Oven 4. New Samsung Microwave BATHROOM 1. New Vanity & Sink 2. New Shower 3. New Tile OTHER IMPROVEMENTS: 1. Recent HVAC service on all 4 units 2. Roof is getting resealed 3. Back Patio Concrete Repair 4. Landscape Improvements 5. Fence Repair ___________________________________________________ OCCUPANCY & RENT 3 of the 4 units are currently occupied. All 3 rents are moderately below market which will transition to heavily below market once the renovations are complete. ___________________________________________________ The Flamingo Park 4-Plex in West Palm Beach offers an unbeatable location within walking distance to Konro (Michelin-Rated), Jeff Green Private School, the charming Antique Row district and the new Park Place retail development. Residents can enjoy the convenience of strolling to nearby dining, shopping, and cultural attractions, as well as easy access to the area's renowned arts district and the vibrant downtown area. With its proximity to these sought-after amenities, this property is a standout opportunity for multifamily/low-rise/garden investors seeking a prime investment in the heart of West Palm Beach.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

4

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Recently Renovated Rent-Stabilized 4-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

SF14-C2

APN/PARCEL ID

74-43-43-28-06-019-0030

ASK ABOUT THIS PROPERTY

Chad MassakerChad Massaker LLC Brokered By EXP CommercialMore Info
561-810-3537

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Chad MassakerChad Massaker LLC Brokered By EXP CommercialMore Info
561-810-3537

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.