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921 14Th St West Palm Beach, FL 33401

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For Sale
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West Palm Beach, FL income property, 5 units

Property size:
2,424 SF

Property Features for 921 14Th St

General Information

Property type
Multifamily properties
Square Feet
2,424 SF
Class
C
Lot Size
6,534 SF

Building Details

Year Built/Renovated
1921/2023
Buildings
1
Stories
2
Units
5

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Listing Contact
Klaus Sinn
Klaus Sinn

Listing Agency: EXP Realty, LLC Listing Agent: Klaus Sinn

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 5-unit apartment building in West Palm Beach, Florida, presents a compelling value-add investment opportunity. Located at 921 14th St, in the desirable 33401 zip code, this property boasts a strong income stream with 100% occupancy and a waiting list. The building, constructed in 1921 and extensively renovated in 2023, features a new roof, updated kitchens and bathrooms in all five units, and impact hurricane windows in most units. Three of the five units are occupied by tenants with VA-guaranteed leases, ensuring a stable income stream. A significant rent increase of 20% is projected for 2025. The property sits on a 0.15-acre lot and includes ample parking (5 spaces total). The building is a two-story structure with 2,424 square feet, currently priced at $779,500 ($155,900 per unit and $321.58 per square foot). The property's strong financials are highlighted by a 9.19% cap rate and a Net Operating Income (NOI) of $71,657. The property is zoned M14-C2. Owner financing is available with 30% down and a 5-year interest-only balloon mortgage at 6.5% interest. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a prime location with significant upside potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
West Palm Beach
County
Palm Beach
State
Florida
Longitude
-80.061364
Latitude
26.7266553

FAQs

What type of property is this?
Multifamily property - West Palm Beach, FL income property, 5 units
Where is this multifamily property located?
The property is located at 921 14Th St West Palm Beach, FL.
What is the asking price?
The asking price for this property is $779,500.
What are key features of this property?
This property features: New roof installed.; Recently updated kitchens and bathrooms in all units.; Most units feature impact-resistant hurricane windows.
(561) 654-6112 Call to check price and availability
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