423 Lytle St West Palm Beach, FL 33405
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 423 Lytle St
- Year built
- 1950
- Property type
- Small apartment buildings
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0569474
- Latitude
- 26.6560214
