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.