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Property profile & analytics
OFF-MARKET
Apartment buildings

820 21St St West Palm Beach, FL 33407

Built 1926
Property ID
US18-4013311
Property summary
AI-generated overview

This charming 1926-built, single-story triplex located at 820 21st St, West Palm Beach, FL 33407, presents a fantastic investment opportunity. Priced at $600,000, this property boasts three completely renovated units, each featuring two bedrooms and one bathroom. The units offer spacious living areas and covered front porches. All units are currently rented at approximately $1,500 per month, with security deposits and last month's rent held in reserve, ensuring immediate cash flow. Modern updates include new appliances, bathrooms, paint, windows, air conditioners, and doors. Separate electric and water meters provide efficient utility management. One unit includes a washer/dryer, while another offers hookups. Significant plumbing improvements have been completed, including hydro-jetting, cleaning, re-strapping, and pitch replacement of all three PVC pipes to the main line, ensuring long-term infrastructure reliability. The property also features an open parking area. Its convenient location offers easy access to downtown West Palm Beach's shopping, dining, and beaches, all within approximately 10 minutes. This turnkey investment is ready for a new owner to enjoy immediate returns. The property is situated in Palm Beach County.

Property profile
Verified
Property type Apartment buildings
Year built 1926
UPID US18-4013311
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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