For Sale
$600,000

820 21St StWest Palm Beach, FL 33407

Renovated Triplex, High Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
115
This charming 1926-built, single-story triplex located at 820 21st St, West Palm Beach, FL 33407, presents a fantastic investment opportunity. Priced at $600,000, this property boasts three completely renovated units, each featuring two bedrooms and one bathroom. The units offer spacious living areas and covered front porches. All units are currently rented at approximately $1,500 per month, with security deposits and last month's rent held in reserve, ensuring immediate cash flow. Modern updates include new appliances, bathrooms, paint, windows, air conditioners, and doors. Separate electric and water meters provide efficient utility management. One unit includes a washer/dryer, while another offers hookups. Significant plumbing improvements have been completed, including hydro-jetting, cleaning, re-strapping, and pitch replacement of all three PVC pipes to the main line, ensuring long-term infrastructure reliability. The property also features an open parking area. Its convenient location offers easy access to downtown West Palm Beach's shopping, dining, and beaches, all within approximately 10 minutes. This turnkey investment is ready for a new owner to enjoy immediate returns. The property is situated in Palm Beach County.

Highlights

  • Charming 1926 triplex in West Palm Beach, FL, priced at $600,000.
  • Three completely renovated 2 bed/1 bath units, each renting for approximately $1,500/month.
  • Modern updates include new appliances, bathrooms, paint, windows, AC, and doors; separate electric and water meters.
  • Significant plumbing improvements completed.
  • Open parking area and convenient location near downtown West Palm Beach.

Property Details for 820 21St St

Property type
Apartment buildings, Small apartment buildings
Year Built
1926
Stories
1

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7331637
Longitude
-80.0601827
820 21St St, West Palm Beach, Florida

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820 21St St
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