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    OFF-MARKET
    Small apartment buildings

    423 Lytle St, West Palm Beach, FL 33405

    Built 1950
    Property ID
    US18-0928650
    Property summary
    AI-generated overview

    This attractive three-unit multifamily property, located in West Palm Beach's desirable SoSo district at 423 Lytle St, 33405, presents a compelling investment opportunity. Built in 1950 and situated on a professionally landscaped lot, this two-story building has undergone a complete renovation. The upgrades include all new kitchens and bathrooms, recessed lighting, wood flooring throughout, and updated laundry closets with stackable washer/dryer units in each unit. Modern HVAC systems ensure year-round comfort, while impact windows and doors provide security and energy efficiency. The main house features a new roof. The property boasts a maintenance-free backyard/patio area with gravel and artificial turf, enhanced by a new privacy fence and irrigation system. The unit mix includes a single-family house, a studio apartment, and a two-bedroom, one-bathroom apartment. Currently operating as a profitable short-term rental, this turnkey property offers immediate income potential and the flexibility to transition to annual rentals. All furnishings are included in the sale price, making this an exceptionally convenient acquisition. This property is ideal for investors seeking strong returns or owner-occupants looking to supplement their mortgage payments with rental income. The asking price is $985,000.

    Property profile
    Verified
    Property type Small apartment buildings
    Year built 1950
    UPID US18-0928650
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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