Multifamily in West Palm Beach, FL 33405

Southland Park, 234 Monroe Dr

You won't find this much charm with this much potential east of Olive for this price! Don't let this one get away! INCREDIBLE opportunity to renovate a charming 1920's historic Spanish style home on a highly desirable through street to the Intracoastal waterway and steps away from the renowned Antique Row. Large spacious rooms, wood floors, pillars and archways combined with many other unique architectural features make this property extremely appealing. Approximately 3400 square feet under air and central A/C which has been updated within the last 5 years. This is also a great investment opportunity the house is zoned for multi-family use and has 3 separate rental units (2 in the main house and one in the guest cottage) and 2 separate electric meters. Main house has 2 bedrooms, 1 bath, large den and full kitchen PER FLOOR. Cottage has 1 bedroom, 1 bath and full kitchen. You can also convert the main house to a very large single family home and still rent out the back. Current back renters are month to month and bring in $800 per month in income. This stunning home is close to the airport, walking distance to many fabulous restaurants and minutes away from gorgeous beaches, awesome shopping at Rosemary Square and numerous cultural attractions such as the Kravis Center, the Norton Museum of Art, Palm Beach Zoo and South Florida Science Museum.