511 Malverne Rd West Palm Beach, FL 33405
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 511 Malverne Rd
- Year built
- 1950
- Property type
- Small apartment buildings
Description
This renovated multifamily property in West Palm Beach, Florida, presents a compelling investment opportunity. The property, built in 1950, is a one-story apartment building consisting of three units: a spacious two-bedroom, two-bathroom main house with an open floor plan, high ceilings, wood-look tile floors, granite countertops, and stainless-steel appliances. This unit is currently rented at $2650 per month until July 2025, with a reliable tenant in place. The property also includes two studio apartments, also featuring wood-look tile floors and stainless-steel appliances. These smaller units are currently vacant, awaiting meter installation. An added benefit is an attached lot approved for the construction of two additional dwellings, leaving ample space for a pool. The property's prime location offers convenient access to Palm Beach International Airport, beautiful beaches, diverse shopping options, a vibrant culinary scene, and exciting nightlife. The asking price for this income-producing property is $840,000. Located at 511 Malverne Rd, West Palm Beach, FL 33405, in Palm Beach County. Please respect the privacy of current tenants.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0569339
- Latitude
- 26.6752679
