Multifamily in West Palm Beach, FL 33407

Washington Heights, 805 20th St

Seller Financing Available - 30% Down, 10% Interest! Rare investment opportunity with a front single-family home (3/1, approx. 1,600 SF) and a two-story duplex in the rear. Duplex includes a 4/2 upstairs and a 3/1 downstairs. All tenants are currently on month-to-month leases, creating flexibility for rental increases or future redevelopment. Current total rent is $5,925/mo with upside to $8,310+/mo. Front home features A/C (2018), water heater (2014). Rear units include newer wall A/Cs and water heater (2016). Below-market rents provide built-in value-add. Drive-by only—please do not disturb tenants. All tenants are currently Month to Month. According to the West Palm Housing Authority, market rates for a 3-bedroom unit are $2,590 and for a 4-bedroom unit are $3,130. Additional Features: Utilities: Three separate electric meters, one shared water meter (average $300 per month) Lawn care: Approximately $60 per month Investment Highlights: Immediate Upside: Rents are currently below market, with the opportunity to increase to align with West Palm Housing Authority rates, totaling $8,310 per month across all units. Strong Rental Demand: Close to employment hubs, Clematis Street, and major transit routes including I-95, Brightline, and Palm Beach International Airport. Area Revitalization: Northwood is undergoing significant redevelopment, leading to increasing property values and rental demand. Strategic Location: Steps from the Northwood Historic District, 1.8 miles from downtown West Palm Beach, and minutes from the Intracoastal. Why Invest Here? This property offers strong rental income potential, a prime location, and long-term appreciation, making it an excellent investment for steady cash flow and future growth. Whether you are looking to maximize rental income or owner-occupy a unit, this opportunity provides flexibility and potential in one of South Florida's most promising markets.