For Sale
$430,000

4023 Windsor AveWest Palm Beach, FL 33407

Fully rented, 2-unit income property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This fully rented duplex in West Palm Beach, Florida, presents a compelling investment opportunity. Located at 4023 Windsor Ave, 33407, this single-story, 1978-built property boasts two units, each featuring two bedrooms and one bathroom. Both units include in-unit washer and dryer hookups, adding to their appeal. Currently generating substantial income with Unit 1 rented at $1,550 and Unit 2 at $1,900 per month, tenants are responsible for all utilities. This translates to a 7.8% capitalization rate, offering a strong return on investment. The leases have terms expiring on May 31, 2025, and February 28, 2025, respectively. The asking price for this turnkey investment is $430,000. Showings are available with an executed contract, and prospective buyers are asked to respect the privacy of the current tenants by refraining from disturbing them. This property is situated in Palm Beach County and offers immediate cash flow potential for the discerning investor. The property's location in West Palm Beach provides easy access to local amenities and transportation. This is an exceptional opportunity to acquire a well-maintained, income-producing asset in a desirable Florida market.

Highlights

  • $430,000 asking price.
  • West Palm Beach, FL multifamily investment opportunity.
  • Two-unit duplex, built in 1978.
  • Each unit features two bedrooms and one bathroom, with in-unit laundry.
  • Currently fully rented, generating a 7.8% cap rate.

Property Details for 4023 Windsor Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1978
Stories
1
Units
2

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7491766
Longitude
-80.0652811
4023 Windsor Ave, West Palm Beach, Florida

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4023 Windsor Ave
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