For Sale
$840,000

511 Malverne RdWest Palm Beach, FL 33405

Renovated 3-unit property, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
114
This renovated multifamily property in West Palm Beach, Florida, presents a compelling investment opportunity. The property, built in 1950, is a one-story apartment building consisting of three units: a spacious two-bedroom, two-bathroom main house with an open floor plan, high ceilings, wood-look tile floors, granite countertops, and stainless-steel appliances. This unit is currently rented at $2650 per month until July 2025, with a reliable tenant in place. The property also includes two studio apartments, also featuring wood-look tile floors and stainless-steel appliances. These smaller units are currently vacant, awaiting meter installation. An added benefit is an attached lot approved for the construction of two additional dwellings, leaving ample space for a pool. The property's prime location offers convenient access to Palm Beach International Airport, beautiful beaches, diverse shopping options, a vibrant culinary scene, and exciting nightlife. The asking price for this income-producing property is $840,000. Located at 511 Malverne Rd, West Palm Beach, FL 33405, in Palm Beach County. Please respect the privacy of current tenants.

Highlights

  • $840,000 asking price.
  • Multifamily property, specifically a renovated triplex.
  • Built in 1950, one-story building.
  • Features a 2-bedroom, 2-bathroom main house (currently rented) and two vacant studio apartments.
  • Includes an additional lot approved for two more dwellings.
  • Located in West Palm Beach, FL, near Palm Beach International Airport, beaches, and amenities.

Property Details for 511 Malverne Rd

Property type
Apartment buildings, Small apartment buildings
Year Built
1950
Stories
1

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.6752679
Longitude
-80.0569339
511 Malverne Rd, West Palm Beach, Florida

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511 Malverne Rd
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