Property description of Triplex - Washington Heights

Rare investment opportunity with a front single-family home (3/1, approx. 1,600 sf) and a two-story duplex in the rear. Duplex includes a 4/2 upstairs $2,000 per month lease expires 6/30/27. 3/1 downstairs $1,800 until april 2027. Front house leased for $2,400 month-to-month creating flexibility for rental increases or future redevelopment. Total rents up to $6,200 or more. Front home features a/c (2018), . Rear units include newer wall a/cs and water heater (2016). Below-market rents provide built-in value-add. Drive-by only--please do not disturb tenants. According to the west palm housing authority, market rates for a 3-bedroom unit are $2,590 and for a 4-bedroom unit are $3,130. Additional features: utilities: three separate electric meters, one shared water meter (average $300 per month) lawn care: approximately $60 per month investment highlights: immediate upside: rents are currently below market, with the opportunity to increase to align with west palm housing authority rates, totaling $8,310 per month across all units. Strong rental demand: close to employment hubs, clematis street, and major transit routes including i-95, brightline, and palm beach international airport. Area revitalization: northwood is undergoing significant redevelopment, leading to increasing property values and rental demand. Strategic location: steps from the northwood historic district, 1. 8 miles from downtown west palm beach, and minutes from the intracoastal. Why invest here? This property offers strong rental income potential, a prime location, and long-term appreciation, making it an excellent investment for steady cash flow and future growth. Whether you are looking to maximize rental income or owner-occupy a unit, this opportunity provides flexibility and potential in one of south florida's most promising markets.

Property Features