This four-unit investor listing is offered for sale at $429,900. It was purchased by the current owner and completely remodeled and brought back to its lovely Mediterranean styling including plaster walls, arched entries and hard wood floors.  All units are on new energy efficient a/c units.  Plus the roof is new! It has two 2 bedroom units in the front and two 1 bedroom units in the rear building.  This property is fully leased on annual leases.. The net annual rate of return on the investment is at 10%–which is becoming very difficult to find, particularly in the 33405 zip code.  With the beach two blocks to the East and downtown West Palm Beach and Cityplace just minutes away, this property is exceptionally unique in what is has to offer someone looking for the perfect investment opportunity.

1925 4 unit investment opportunity.

1925 4 unit investment opportunity.

Living Room of second floor apartment

Living Room of second floor apartment

This entry was posted on Monday, November 25th, 2013 at 3:53 pm and is filed under Corcoran, Heidi Cole, Real-estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.