805 20th Street #a,b,c

### **Investor-Focused Property #### **Exceptional Multi-Unit Income Opportunity** This unique property offers a **front single-family home** and a **rear duplex**, providing **multiple streams of rental income** in a high-demand market. Located in the revitalizing Northwood district, just 1.8 miles from downtown West Palm Beach, this property is an ideal investment for long-term cash flow and appreciation!! **Property Breakdown** ###According to West Palm Housing Authority, Rates for 3 bed = $2,590 and 4 Bed = $3,130###**Front Single-Family Home** -3 Bed, 1 Bath | 1,600 Sq. Ft.- Tenant occupied for 6 years at $2,400/month (below market)**Lease ends July 31, 2025 -Potential income $2,590/month A/C: 2018, Water Heater 2014****Rear Duplex** Unit 803B (4 Bed/2 Bath -Upstairs) Vacant, potential income $3,130/month A/C: 20 **Unit 803A (3 Bed/1 Bath - Downstairs - Tenant paying $1,575/month (below market). - Potential Income $2,590/month - Features newer wall unit A/Cs water heater 2016 - Lease ends: January 31, 2025** **Additional Features** - Utilities - 3 electric meters, 1 shared water meter (avg. $300/month). - Lawn care Approx $60/month. **Investment Highlights** **Immediate Upside - Rents are currently below market, providing an opportunity to increase income to West Palm Housing Authority standards, which total **$8,310/month** across all units. **Strong Rental Demand - Proximity to employment hubs, cultural attractions like Clematis Street, and convenient transportation access (I-95, Brightline, Palm Beach International Airport). **Area Revitalization -The Northwood area is undergoing growth and development, driving increased property values and demand. **Strategic Location - Just steps from Northwood Historic District and 1.8 miles from downtown West Palm Beach. #### **Why Invest Here?** The property's location, combined with its strong rental income potential and appeal to both market-rate and public housing rates , makes it an ideal investment for steady cash flow and future growth. With proximity to cultural, professional, and transportation hubs, this is a prime opportunity in one of South Florida's most promising areas. Don't miss this chance to maximize your portfolio with this income-generating, multi-unit property!

Price Change History for 805 20th Street #a,b,c, West Palm Beach, FL (MLS® #RX-11038134)