For Sale
$985,000

423 Lytle StWest Palm Beach, FL 33405

Renovated Triplex, SoSo District, High Returns

Overview

Added:
Dec 11, 2024
Days on market:
114
This attractive three-unit multifamily property, located in West Palm Beach's desirable SoSo district at 423 Lytle St, 33405, presents a compelling investment opportunity. Built in 1950 and situated on a professionally landscaped lot, this two-story building has undergone a complete renovation. The upgrades include all new kitchens and bathrooms, recessed lighting, wood flooring throughout, and updated laundry closets with stackable washer/dryer units in each unit. Modern HVAC systems ensure year-round comfort, while impact windows and doors provide security and energy efficiency. The main house features a new roof. The property boasts a maintenance-free backyard/patio area with gravel and artificial turf, enhanced by a new privacy fence and irrigation system. The unit mix includes a single-family house, a studio apartment, and a two-bedroom, one-bathroom apartment. Currently operating as a profitable short-term rental, this turnkey property offers immediate income potential and the flexibility to transition to annual rentals. All furnishings are included in the sale price, making this an exceptionally convenient acquisition. This property is ideal for investors seeking strong returns or owner-occupants looking to supplement their mortgage payments with rental income. The asking price is $985,000.

Property Details for 423 Lytle St

Property type
Apartment buildings, Small apartment buildings
Year Built
1950
Stories
2

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.6560214
Longitude
-80.0569474
423 Lytle St, West Palm Beach, Florida

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423 Lytle St
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