Southerly Hill, 5314 Lake Ave West Palm Beach, FL 33405

Great investment or starter home for anyone looking to create a passive stream of income. Priced below market value, so new owners will immediately have equity (home appraised at 369k). This property offers the opportunity to convert the detached structure into a rental property, office space, mother-in-law suite... The possibilities depend on your creativity. Potential earnings are estimated around $3000/month and above (ask me how). That's potentially around $36k a year and a cap rate of 7%!!brand new solar panels installed 2022, electricity bill historically as low as $70/month for both properties and comes with 25 year warranty. New a/c unit installed in 2019!! Sprinkler system on well - overall saving you tons of $$$ on your overhead!!! The main home is a 2 bedroom 1 bath featuring.