Modern Living Group
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$569,500ACTIVE

516 Nathan Hale Road, West Palm Beach, FL 33405

bedsbaths990sq ft$575/ sq ft
THE RESIDENCE

About this home

Don't miss this incredible opportunity to own an updated duplex, perfect for generating passive income! This property features two units, each with appliances, AC units, and water heaters, all on separate meters for convenience. Impact windows throughout. Excellent flexibility for investors or owner-occupants. The front unit is a 3-bedroom, 1-bath with hardwood floors, modern white kitchen with stainless steel appliances, in in-unit washer and dryer, A/C, and water heater 2020. Currently rented, providing immediate rental income. The back unit is a beautifully renovated 2-bedroom, 1-bath with its own washer and dryer, also currently rented. Live in one side and rent the other, or rent out both for maximum return! Conveniently located near US-1, I-95, Downtown West Palm Beach, shopping, dining, and just minutes to the beach.

THE DETAILS

Property details

List Price$569,500
Price / Unit$284,750
Units2
Cap Rate2.63%
Gross Income$54,360/yr
Net Operating Income$15,000
Inside Sq Ft990
Year Built1926
ConstructionStucco
FlooringVinyl
ZoningSF7 (city)
Lot Dimensions50.0 ft x 110.0 ft
Property TypeDuplex
MLS #B26029398
StatusActive
Original List Price$569,500
GRM10.5
Tenant PaysCable TV, Electricity
Show all details (8 more)
Stories1
Lot Size0.13 acres
WaterfrontNo
ViewGarden
Days on Market20
Annual Taxes$8,154
CityWest Palm Beach
Zip Code33405
LOCATION

Where you'll live

Patrick Lafferty
FEATURED AGENT
Patrick Lafferty
WPB Specialist
Founding Agent

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