904 4th St - West Palm Beach | 4 Unit MF | 7.6% Cap Rate ! 4 Unité Immeuble d’habitation offert à 1 232 766 $ CAD à un 8,20% taux de capitalisation West Palm Beach, FL 33401

Property Description
Exceptional Investment Opportunity in Prime West Palm Beach Location. This turnkey, income-producing property offers a rare chance to secure a 8%+ CAP rate in one of the fastest-growing areas of West Palm Beach. Zoned NWD and approved for four rental units, this property is strategically located just west of the highly anticipated NORA development, set for completion by late 2025. With close proximity to City Place, the BrightLine station, ocean beaches, Worth Avenue, and PBI Airport, this location is ideal for both short- and long-term tenants seeking convenience and lifestyle.
Versatile Multi-Unit Layout with Strong Rental Potential. The property spans a 6,534 SF lot and includes three separate structures comprising four approved rental units. The main house features a spacious 3-bedroom, 1.5-bath unit and a 5-bedroom, 2-bath unit, ideal for larger families or group rentals. Additionally, a charming 1-bedroom, 1-bath guest house and a cozy studio cottage provide flexible leasing options. Recent upgrades include a new roof in 2022 and comprehensive renovations completed in 2023, ensuring a modern and low-maintenance investment. UPDATE : Main House and 1/1 have been re-done following tenant vacancy and are now ready to be leased; can be delivered empty.
Fully Furnished and Ready for Immediate Income. Offered fully furnished and turnkey, this property is ready to generate income from day one. With its strong zoning, updated infrastructure, and prime location in the path of progress, it presents a compelling opportunity for investors seeking stable returns and long-term appreciation. Please respect tenant privacy—showings by appointment only.