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4000 Greenwood Ave 2 Unit Apartment Building Offered at $729,498 CAD at a 7.82% Cap Rate West Palm Beach, FL 33407
Investment Highlights
- income producing
- updated
- impact windows
Executive Summary
This meticulously renovated duplex offers a income producing opportunity. Both units have been renovated. Unit Specifications (Two Identical Units) Layout: 2 Bedrooms / 1 Bathroom per side. Potential Rental Income: $3850 a month Unit 1 Lease Ends: February 2027; Unit 2 currently vacant. Kitchen: Solid wood cabinetry, granite countertops, quartz countertops and modern appliances. Individual central AC systems for each unit. In-unit washer and dryer included in both residences. Infrastructure & "Peace of Mind" Upgrades Unlike most vintage properties in WPB, this building has been modernized for maximum durability and insurance savings: High-efficiency impact windows and doors throughout (Significant insurance premium reduction). All original cast iron plumbing has been fully replaced with PVC piping. Updated Electrical: Both units have been completely rewired to current code. Modern Systems: central HVAC and updated water heaters. New Roof: 2026
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $729,498 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $364,749 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 1,568 SF |
| Cap Rate | 7.82% | No. Stories | 1 |
| No. Units | 2 | Year Built/Renovated | 1958/2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $729,498 CAD |
| Price Per Unit | $364,749 CAD |
| Sale Type | Investment |
| Cap Rate | 7.82% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.11 AC |
| Building Size | 1,568 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1958/2025 |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Refrigerator
- Tub/Shower
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,640 CAD | - |
| 2+1 | 2 | $2,710 CAD | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 74-43-43-09-05-056-0330 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $178,741 CAD (2025) |
Property Taxes
Parcel Number
74-43-43-09-05-056-0330
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$178,741 CAD (2025)
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Presented by
Unity Investment Group
4000 Greenwood Ave
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