518 Biscayne Drive
- Future Upside: Historic Flamingo Park remains one of the most stable and appreciating neighborhoods in West Palm Beach, ensuring long-term value retention.
- Strong Rental Demand: Located in a high-density, high-demand historic district with a proven track record of consistent occupancy.
- Income Versatility: Ideal for a "house hack" (live in one unit and rent the others) or as a high-performing addition to a long-term rental portfolio.
- Walker’s Paradise: Boasting a Walk Score of 84, you are just steps away from local favorites like Bedner’s Farm Fresh Market, The New Park Place Retail Development, the Grandview Public Market & City Place.
- Waterfront Proximity: Only two blocks from the Intracoastal Waterway and a short drive (approx. 1.5 miles) to the pristine beaches of Palm Beach.
- Urban Convenience: Minutes from Downtown West Palm Beach, Clematis Street, and The Square (formerly CityPlace) for world-class dining, shopping, and entertainment.
- Connectivity: Ideally situated for professionals and students, within walking distance to Palm Beach Atlantic University and less than 10 minutes from Palm Beach International Airport (PBI).
Property Description
STUNNING RENOVATION IN PROGRESS: This unique and highly sought offer Antique-Row-Area 4-Plex investment property is currently vacant for renovations. 2 of the 4 units have been completed and relisted on the maket for lease as of the beginning of April. ~ Upstairs are 2 BR 1 BA and are Listed for $2500/mo ~ Downstairs are 1 BR 1 BA and are Listed for $2200/mo Below are the renovations being completed: KITCHEN 1. New Cabinents & Cupboard 2. New Sink 3. New Samsung Oven 4. New Samsung Microwave BATHROOM 1. New Vanity & Sink 2. New Shower 3. New Tile OTHER IMPROVEMENTS: 1. Recent HVAC service on all 4 units 2. Roof resealed 3. Back Patio Concrete Repair 4. Landscape Improvements 5. Fence Repair 6. Awnings Added 7. Fresh Exterior Paint (in progress after internal renovations are done)
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| No. of Units: | 4 |
| Average Occupancy: | 4.9 |
| Year Built: | 1925 |
| Lot Size: | 0.14 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout