Turnkey Fully Renovated
4381 Purdy Lane West Palm Beach, FL 33406
4381 Purdy Lane, West Palm Beach, FL, 33406
$750,000
For Sale
$750,000
Three fully renovated, independently laid-out units are currently rented, with updated kitchens, modern baths, and ample parking.
Property Size2,904 SF
Price / SF$258.26
Days on Market155
Property Features for 4381 Purdy Lane
General Information
- Standard status
- Active
- Size
- 2,904 SF
- Property subtype
- Multi-Family Income / Triplex
Building Details
- Year Built
- 1963
Listing agency
Florida Brokers Real Estate
(954) 640-9111
Listed by
Guillermo Gori · License #3329430
(954) 640-9111
Source
Compass
Added: Feb 17 Updated: Jul 22 at 4:32AM Checked: Jul 22 at 4:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Florida Brokers Real Estate
Investment Insights
Based on property information with market context.
This fully renovated triplex offers three rented units with independent layouts. Interiors include updated kitchens and modern bathrooms designed to support comfortable, tenant-ready living. The property includes a spacious lot with ample parking, and there is no HOA.
The asset is located at 4381 Purdy Lane in West Palm Beach, Florida.
With all three units occupied and generating monthly revenue in place, this turnkey configuration is positioned for buyers seeking an income-producing multifamily asset from day one.
The asset is located at 4381 Purdy Lane in West Palm Beach, Florida.
With all three units occupied and generating monthly revenue in place, this turnkey configuration is positioned for buyers seeking an income-producing multifamily asset from day one.
Key Highlights
- 1963‑built fully renovated triplex in West Palm Beach
- All three independently laid‑out units are currently rented
- Updated kitchens and modern bathrooms throughout the triplex
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.9k | $28.20 |
| − Vacancy | −$4.3k | −$1.47 |
| EGI | $77.6k | $26.73 |
| − OpEx | −$23.3k | −$8.02 |
| NOI | $54.3k | $18.71 |
2,904 SF · lease $28.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$776.3K
$679.3K – $905.7K
NOI $54,344 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$722.0K
$631.8K – $842.4K
NOI $50,543 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,161 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three fully renovated, independently laid-out units are currently rented, with updated kitchens, modern baths, and ample parking.
Where is this triplex located?
The property is located at 4381 Purdy Lane West Palm Beach, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1963‑built fully renovated triplex in West Palm Beach; All three independently laid‑out units are currently rented; Updated kitchens and modern bathrooms throughout the triplex
