820 21St St, West Palm Beach, FL 33407
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.