1803 Service RdNorth Palm Beach, FL 33408

Property Details for 1803 Service Rd

Year built

1973

Property type

Residential income properties

Property subtype

Multifamily properties

Description

Investor and developer opportunity awaits with this North Palm Beach multifamily property located at 1803 Service Rd, 33408. This one-story, 1973-built apartment building sits on a just under one-third-acre lot, offering significant potential for redevelopment or rental income. Currently configured as a duplex/triplex/quadruplex, the property is zoned to allow up to four units. The property boasts a recently replaced septic system (within the last two years) and includes existing reverse osmosis equipment. The convenient location offers quick access to Juno Park's public boat ramp, making it attractive to a wide range of tenants. While one unit sustained recent fire damage, this presents an opportunity for renovation or new construction, maximizing the property's value. The absence of a homeowner's association (HOA) provides flexibility for owners. Ample space allows for boat, RV, or work truck parking. The asking price is $698,500. This property is expected to sell quickly, making it an ideal investment for those seeking immediate returns or long-term growth. Don't miss this chance to capitalize on the thriving North Palm Beach real estate market.

Location Insight

City

North Palm Beach

County

Palm Beach

State

Florida

Latitude

26.8538

Longitude

-80.061

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