Modern Living Group
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$775,000ACTIVE

817 NW 7th Street, West Palm Beach, FL 33401

beds0baths2,196sq ft$353/ sq ft
THE RESIDENCE

About this home

Discover this beautifully unique investment opportunity in the heart of West Palm Beach. Built in 1935, the property features a charming 5-bedroom, 2-bathroom single-family home along with a separate triplex in the rear. The triplex includes a 1-bedroom/1-bath unit, a studio with 1 bath, and a 2-bedroom/1-bath apartment â'' offering excellent income-producing potential. Both buildings had their roofs replaced in 2018. Each unit is individually metered for electricity, and each building has its own water meter for added convenience and management efficiency. Ideally located just minutes from Downtown West Palm Beach and the Brightline station, this property provides easy access to Clematis Street, Palm Beach Outlets, and a wide variety of local dining, shopping, and entertainment options

THE DETAILS

Property details

List Price$775,000
Price / Unit$193,750
Units4
Cap Rate8.53%
Gross Income$81,000/yr
Net Operating Income$66,120
Inside Sq Ft2,196
Year Built1935
ConstructionVinyl Siding, Wood Siding
FlooringTile
ZoningNWD-R (city)
Property TypeQuadruplex
MLS #B26022899
StatusActive
Original List Price$775,000
GRM9.6
Tenant PaysCable TV, Electricity, Sewer, Water
Stories2
Show all details (6 more)
Lot Size0.14 acres
WaterfrontNo
Days on Market52
Annual Taxes$7,569
CityWest Palm Beach
Zip Code33401
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
WPB Specialist
Luxury Specialist

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