904 4th St - Multi-Family FOR SALE


West Palm Beach, FL 33401- Downtown West Palm Beach
$975,000 USD
917-379-6306
904 4th St, West Palm Beach, FL for Sale
$975,000 USD
Multi-Family - FOR SALE
1/20
null | 7.57% Cap Rate

904 4th St
West Palm Beach, FL 33401
Downtown West Palm Beach


HIGHLIGHTS

  • Turnkey , Fully Occupied, 7.7% Cap Rate
  • Just steps from Downtown !

OVERVIEW

Property Description: Exceptional Investment Opportunity in Prime West Palm Beach Location This turnkey, income-producing property offers a rare chance to secure a 7.7%+ CAP rate in one of the fastest-growing areas of West Palm Beach. Zoned NWD and approved for four rental units, this property is strategically located just west of the highly anticipated NORA development, set for completion by late 2025. With close proximity to City Place, the Brightline station, ocean beaches, Worth Avenue, and PBI Airport, this location is ideal for both short- and long-term tenants seeking convenience and lifestyle. Versatile Multi-Unit Layout with Strong Rental Potential The property spans a 6,534 SF lot and includes three separate structures comprising four approved rental units. The main house features a spacious 3-bedroom, 1.5-bath unit and a 5-bedroom, 2-bath unit, ideal for larger families or group rentals. Additionally, a charming 1-bedroom, 1-bath guest house and a cozy studio cottage provide flexible leasing options. Recent upgrades include a new roof in 2022 and comprehensive renovations completed in 2023, ensuring a modern and low-maintenance investment. Fully Furnished and Ready for Immediate Income Offered fully furnished and turnkey, this property is ready to generate income from day one. With its strong zoning, updated infrastructure, and prime location in the path of progress, it presents a compelling opportunity for investors seeking stable returns and long-term appreciation. Please respect tenant privacy—showings by appointment only. 7.7%+ CAP Rate – Strong income-producing asset in a high-demand area. Zoned NWD – Approved for 4 rental units on a 6,534 SF lot. Prime Location – Steps from City Place, Brightline, and beaches. Turnkey & Furnished – Ready for immediate rental income. Updated Property – New roof (2022) and full renovations (2023). Flexible Layout – 3BR/1.5 BA, 5BR/2 BA, 1BR/1BA Guest House, and Studio/1BA cottage. New Roof 2022, renovations in 2023.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

4

PRICE/UNIT

$243,750

CAP RATE

7.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown ! Turnkey 4 Unit MF 7.7% Cap Rate

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

NWD

APN/PARCEL ID

74-43-43-21-06-023-0020

ASK ABOUT THIS PROPERTY

Giuliana TorreDouglas EllimanMore Info
917-379-6306

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

Giuliana TorreDouglas EllimanMore Info
917-379-6306

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