This meticulously restored historic Spanish-style residence in El Cid's community offers an outstanding investment opportunity. With 4 bedrooms and 2.5 baths, including a studio at the back of the home, this property is primed for... Read More
Investing in Palm Beach County.
The South Florida real estate market, specifically Palm Beach County, has become a thriving real estate center fueled by both local and international investors. Half of all purchases in Palm Beach County in 2013 were made by cash investors. This region has gained steady ground after the housing collapse in the mid 2000's. Last year alone, we closed deals for our foreign investors that came from countries such as Canada, China, and Venezuela.
If you are a local or international investor, we have the capability of finding you the right investment property. Upon request, we can send you a video walk-through of potential investments and the surrounding areas, along with a rental rate comparative market analysis of what homes have rented for in that area. Once you close on your investments, our team of contractors can assess your home and get it rent-ready within a few days. When the home is ready to be rented, we will market your property in order to find a qualified tenant. Once we find a qualified tenant, we will have them execute one of our attorney-prepared leases. After a tenant moves in, we will manage your property and begin sending you your monthly rental income.
Considering investing? Have you considered this...
If you are looking to invest in Palm Beach County multi-family housing or investment property there are many key items that you should consider when choosing a location.
Location, Location, Location- Sounds easy enough, but what does that mean and what area is a good location? Some criteria that we urge our investors to consider is the proximity of the investment property to schools and public transportation.
HOA's- Purchasing an investment property in a community that is governed by a Home Owners Association can be great for the long term value of the property. Additionally, HOA's provide a second level of protection against nuisance tenants since there is an additional round of screening due to the approval process administered by the board of the HOA. However, these positives are sometimes outweighed by the negatives due to the monthly dues eating away at your profits.
Market Rate- It's always best to find out what properties are renting for in the immediate area before you decide to purchase a property. A home on street A could rent substantially less or more than a home on street B simply because the homes are in different school zones, or different utility companies. We will prepare a rental rate comparative market analysis so that you can determine the correct rental rate.
HOA restrictions- Please be advised that some HOA's will restrict the number of times a home can be rented or the duration of a tenancy. Its important to read over the HOA restrictions prior to investing in Palm Beach County rental homes.
How does FIRPTA affect international investors?
One thing to consider if you are a foreign investor investing in Palm Beach County, or anywhere in the United States for that matter, is FIRPTA. The following is courtesy of the IRS and can be found on their website at:
http://www.irs.gov/Individuals/International-Taxpayers/FIRPTA-Withholding
"The disposition of a U.S. real property interest by a foreign person (the transferor) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests. A disposition means "disposition" for any purpose of the Internal Revenue Code. This includes but is not limited to a sale or exchange, liquidation, redemption, gift, transfers, etc. Persons purchasing U.S. real property interests (transferees) from foreign persons, certain purchasers' agents, and settlement officers are required to withhold 10 percent of the amount realized on the disposition (special rules for foreign corporations). In most cases, the transferee/buyer is the withholding agent. If you are the transferee/buyer you must find out if the transferor is a foreign person. If the transferor is a foreign person and you fail to withhold, you may be held liable for the tax. For cases in which a U.S. business entity such as a corporation or partnership disposes of a U.S. real property interest, the business entity itself is the withholding agent."
Please note that there are also certain exceptions to this withholding requirement and these exceptions can be found on their website as well.
258 Granada Road, West Palm Beach, FL 33401
246 Greenwood Drive, West Palm Beach, FL 33405
3
UNITS
Triplex
SUB TYPE
$1,900,000
LISTING PRICE
3,023
SQUARE FEET
LOCATION! This residential income or single family compound is located one block from the intracoastal waterway, on an 11,741sqft OVERSIZED lot, in the highly sought after Southland Park section of the Palm Beach Public school district... Read More
1567 Hawthorne Place, Wellington, FL 33414
4
UNITS
Quad Plex
SUB TYPE
$1,875,000
LISTING PRICE
4,320
SQUARE FEET
Do not visit property alone do not speak with tenants. Outstanding opportunity to purchase a 4-unit apartment building in Wellington, 4 units per parcel. Featuring 3-bedroom 2 bath with fenced in patio areas for each unit. One unit 1... Read More
1577 Hawthorne Place, Wellington, FL 33414
4
UNITS
Quad Plex
SUB TYPE
$1,875,000
LISTING PRICE
5,628
SQUARE FEET
Do not visit property alone do not speak with tenants. Outstanding opportunity to purchase a 4-unit apartment building in Wellington, 4 units feature 4-bedroom 2 bath with fenced in patio areas for each unit. Seller is also selling the... Read More
921 Ortega Road, West Palm Beach, FL 33405
N/A
UNITS
Triplex
SUB TYPE
$1,850,000
LISTING PRICE
3,880
SQUARE FEET
Amazing 8 bedroom, 5 bath compound on a double lot with a gorgeous swimming pool. Brand new roof, new hurricane windows, electrical and plumbing, new pool house, new pool heater. Main house begins with 5 bedrooms, 3 full baths, a... Read More
414 33rd Street, West Palm Beach, FL 33407
5
UNITS
Quad Plex
SUB TYPE
$1,750,000
LISTING PRICE
3,104
SQUARE FEET
Zoning: SF14-C3--HIST.
MLS#: RX-10973686
Subdivision: NORTHWOOD ADD IN PB 8 PGS 47 & 62, PB 9 PGS 30 & 47, PB 10 P 11, PB 11 PGS 18, 38
Great opportunity to own a fully renovated Quadplex + Main Home in Northwood Village of West Palm Beach. This property has undergone a full renovation while preserving its historic character. The main house is a luxurious 2-bedroom... Read More
722 9th Street, West Palm Beach, FL 33401
6
UNITS
Quad Plex
SUB TYPE
$1,700,000
LISTING PRICE
6,000
SQUARE FEET
Zoning: MFR 5 TO 9 UNIT
MLS#: RX-10953794
Subdivision: FRESHWATER ADD TO WPB AMNDED IN PB 6 P 29 & PB 7 P 84
INVESTORS! This residential income or single family compound is a Sixplex in the heart of WPB on a 12,197 sq ft Oversized Lot! The (6) units consist of 4 buildings. 2 Duplexes, 2 SFRs freestanding Investment properties to be sold as one... Read More
4871 127th Trail N, West Palm Beach, FL 33412
N/A
UNITS
Quad Plex
SUB TYPE
$1,690,000
LISTING PRICE
4,500
SQUARE FEET
4 unit property Read More
1144 Goldenrod Road, Wellington, FL 33414
4
UNITS
Quad Plex
SUB TYPE
$1,580,000
LISTING PRICE
6,180
SQUARE FEET
Incredible opportunity to own a 4 Unit apartment building in Wellington. Unit A has 3 bedrooms's and 2-1/2 baths. Units B, C and D have 2 bedrooms' with 2'1/2 baths. New roof 2022. New fencing. 3 newer AC units. Fully leased with an... Read More
712 Palmetto Street, West Palm Beach, FL 33405
3
UNITS
Triplex
SUB TYPE
$1,299,000
LISTING PRICE
2,972
SQUARE FEET
Incredible investment opportunity!! This extremely profitable short term rental in West Palm Beach sets itself apart from the competition. Sitting on a double corner lot, this estate features a main house with two guest houses for a... Read More
203 Lakeland Drive, West Palm Beach, FL 33405
N/A
UNITS
Duplex
SUB TYPE
$1,225,000
LISTING PRICE
0
SQUARE FEET
Zoning: MF20-C1 - HIST
MLS#: RX-10940890
Subdivision: CENTRAL PARK 1 TH PT OF LT 27 LYG W OF W R/W LI OF WASHINGTON RD
12,432 sq ft BUILDABLE lot zoned Multi Family 20-C1 - HIST on the corner of Washington Road and Lakeland Drive. One house in from the Intracoastal Waterway. Electric lines have been upgraded and moved underground, so no unsightly lines... Read More
1309 Florida Avenue, West Palm Beach, FL 33401
3
UNITS
Triplex
SUB TYPE
$1,149,000
LISTING PRICE
2,294
SQUARE FEET
Discover the epitome of charm and modern convenience of this wonderful income producing property located in Grandview Heights in downtown West Palm Beach. This meticulously maintained property features a beautifully renovated house and... Read More
6312 Webster Avenue, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$1,100,000
LISTING PRICE
1,300
SQUARE FEET
2 units (duplex) 6312/6314 with 1 car garage.Located in the highly desirable SOSO area of West Palm Beach just 3 blocks to the famed Intracoastal Promenade.Two side by side totally renovated and professionally decorated units each with... Read More
731 46th Street, West Palm Beach, FL 33407
4
UNITS
Quad Plex
SUB TYPE
$965,000
LISTING PRICE
2,636
SQUARE FEET
Attention Investors! This is an excellent opportunity to invest in a well-maintained multifamily property in the thriving Palm Beach County market. This property includes 2 Spanish style structures with 3 units in the front building & 1... Read More
4647 Marguerita Street, West Palm Beach, FL 33406
2
UNITS
Duplex
SUB TYPE
$950,000
LISTING PRICE
1,800
SQUARE FEET
Check out this excellent opportunity! Charming duplex on .68 acres in West Palm Beach, just minutes from downtown and Palm Beach International Airport. Both units offer 2 bedrooms & 1 bathrooms each. HVAC just replaced on both... Read More
509 Mayflower Road, West Palm Beach, FL 33405
4
UNITS
Quad Plex
SUB TYPE
$949,000
LISTING PRICE
3,068
SQUARE FEET
Great investment. Call now to view this property. Read More
627 32nd Street, West Palm Beach, FL 33407
N/A
UNITS
Quad Plex
SUB TYPE
$820,000
LISTING PRICE
1,946
SQUARE FEET
This fourplex property has a tremendous cash flow generating a gross annual income of $81,600. Value can be further added to this property by raising rents, submetering utilities, installing laundry facilities, or renovating the... Read More
414 Ardmore Road, West Palm Beach, FL 33401
2
UNITS
Duplex
SUB TYPE
$770,000
LISTING PRICE
1,580
SQUARE FEET
Welcome to this beautiful historic, muli-family, home located in a very central part of West Palm Beach. This home, which was built in 1921 and has a ''historic designation'' not only has a main house that has 3 beds and 2 baths, but... Read More
645 32nd Street, West Palm Beach, FL 33407
N/A
UNITS
Triplex
SUB TYPE
$749,999
LISTING PRICE
1,554
SQUARE FEET
Interesting 3/1 Bedroom and two 1/1 corner lot property in Old Northwood. Front of house has 3 Bedrooms, Living Room, modern Kitchen and Bathroom, rear of home (Two apt 1/1 with a new kitchen Offers lots of possibilities, street parking... Read More
901 8th Street, West Palm Beach, FL 33401
4
UNITS
Quad Plex
SUB TYPE
$747,000
LISTING PRICE
1,520
SQUARE FEET
This well maintain 4 plex is exactly what you have been waiting for, completely renovated, new windows, new landscaping. Each units features 1 bed/1 bath with washer dryer hookups. Separate electric meters, one meter for water. Rents are... Read More
424 Malverne Road, West Palm Beach, FL 33405
N/A
UNITS
Duplex
SUB TYPE
$735,000
LISTING PRICE
1,612
SQUARE FEET
Make this beautifully remodeled multi unit property yours today! TWO 2 bed 1 bath units, brand new roofs, impact windows, updated kitchen and baths. Enjoy being in the lush landscaping while sitting on the deck or in your hot tub. GREAT... Read More
311 Conniston Road, West Palm Beach, FL 33405
N/A
UNITS
Triplex
SUB TYPE
$700,000
LISTING PRICE
1,668
SQUARE FEET
8 PROPERTIES MUST BE SOLD TOGETHER AS A PORTFOLIO AT A SIMULTANEOUS CLOSING SEE LIST 504 EL PRADO WEST PALM BEACH 74434333270030390311 CONNISTON RD WEST PALM BEACH 74434403010000760 832 MCINTOSH ST WEST PALM BEACH 74434404100000440 525... Read More
535 Pilgrim Road, West Palm Beach, FL 33405
N/A
UNITS
Triplex
SUB TYPE
$650,000
LISTING PRICE
1,818
SQUARE FEET
8 PROPERTIES MUST BE SOLD TOGETHER AS A PORTFOLIO AT A SIMULTANEOUS CLOSING SEE LIST 504 EL PRADO WEST PALM BEACH 74434333270030390311 CONNISTON RD WEST PALM BEACH 74434403010000760 832 MCINTOSH ST WEST PALM BEACH 74434404100000440 525... Read More
1104 17th Street, West Palm Beach, FL 33407
N/A
UNITS
Duplex
SUB TYPE
$650,000
LISTING PRICE
1,754
SQUARE FEET
Multi-Family Home + Duplex. Each dwelling completely renovated in 2021. Turnkey, Income Property with instant cash flow. Potential Rental Income $55,800: Main House - 850 Sq Ft.- 3 bedroom, 2 bath. Duplex - Two - 1 Bedroom Apartments ... Read More
504 El Prado, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$650,000
LISTING PRICE
2,129
SQUARE FEET
8 PROPERTIES MUST BE SOLD TOGETHER AS A PORTFOLIO AT A SIMULTANEOUS CLOSING SEE LIST 504 EL PRADO WEST PALM BEACH 74434333270030390311 CONNISTON RD WEST PALM BEACH 74434403010000760 832 MCINTOSH ST WEST PALM BEACH 74434404100000440 525... Read More
1320 Wellington Street, West Palm Beach, FL 33401
2
UNITS
Duplex
SUB TYPE
$620,000
LISTING PRICE
1,800
SQUARE FEET
Duplex in a burgeoning area of West Palm Beach, offering both immediate returns and future growth potential. Positioned in the shadows of the WPB skyline making it an ideal location. Within walking distance to Grandview Market and short... Read More
520 Pilgrim Road, West Palm Beach, FL 33405
N/A
UNITS
Triplex
SUB TYPE
$600,000
LISTING PRICE
1,664
SQUARE FEET
8 PROPERTIES MUST BE SOLD TOGETHER AS A PORTFOLIO AT A SIMULTANEOUS CLOSING SEE LIST504 EL PRADO WEST PALM BEACH 74434333270030390311 CONNISTON RD WEST PALM BEACH 74434403010000760 832 MCINTOSH ST WEST PALM BEACH 74434404100000440 525... Read More
528 Churchill Road, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$589,900
LISTING PRICE
1,644
SQUARE FEET
Excellent investment opportunity in flourishing West Palm Beach along the Dixie Highway corridor. Both units are 2 bedrooms 1 bathroom. Property is situated on a very nice large manicured lot. New Roof and Impact windows were completed... Read More
427 El Prado, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$575,000
LISTING PRICE
1,527
SQUARE FEET
You've got a great opportunity here with this property! Whether you're thinking of renovating it as a duplex for rental income or turning it into a single-family home for yourself, the potential is huge. It's in a prime spot near El Cid... Read More
428 El Prado, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$575,000
LISTING PRICE
1,704
SQUARE FEET
You've got a great opportunity here with this property! Whether you're thinking of renovating it as a duplex for rental income or turning it into a single-family home for yourself, the potential is huge. It's in a prime spot near El Cid... Read More
2425 Ranch House Road, West Palm Beach, FL 33406
N/A
UNITS
Duplex
SUB TYPE
$550,000
LISTING PRICE
1,539
SQUARE FEET
Duplex now available in great centrally located area Fl Mango and Summit ! This property has brought consistent renters for the past several years. Duplex consists of two 2/1 units with ample parking with huge lot that can offers loads... Read More
711 36th Street, West Palm Beach, FL 33407
2
UNITS
Duplex
SUB TYPE
$549,900
LISTING PRICE
2,241
SQUARE FEET
Calling all Investors!!! Great potential in this property. Property needs lots of TLC!, Handyman special, The property consists of 2 separate buildings both Concrete block. The main house is a 2 bedroom 1 bath house with newer roof being... Read More
715 Selkirk Street, West Palm Beach, FL 33405
N/A
UNITS
Duplex
SUB TYPE
$525,000
LISTING PRICE
1,707
SQUARE FEET
8 PROPERTIES MUST BE SOLD TOGETHER AS A PORTFOLIO AT A SIMULTANEOUS CLOSING SEE LIST 504 EL PRADO WEST PALM BEACH 74434333270030390311 CONNISTON RD WEST PALM BEACH 74434403010000760 832 MCINTOSH ST WEST PALM BEACH 74434404100000440 525... Read More
525 Pilgrim Road, West Palm Beach, FL 33405
N/A
UNITS
Duplex
SUB TYPE
$500,000
LISTING PRICE
1,829
SQUARE FEET
8 PROPERTIES MUST BE SOLD TOGETHER AS A PORTFOLIO AT A SIMULTANEOUS CLOSING SEE LIST 504 EL PRADO WEST PALM BEACH 74434333270030390311 CONNISTON RD WEST PALM BEACH 74434403010000760 832 MCINTOSH ST WEST PALM BEACH 74434404100000440 525... Read More
729 Francis Street, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$490,000
LISTING PRICE
1,424
SQUARE FEET
Welcome to this fully renovated residence. The main house features 3 bedrooms and 1 bathroom. Additionally, there is an amazing yard with a 1/1 apartment offering a potential monthly rent of $1,300. Brand new flooring, a fresh AC system... Read More
623 46th Street, West Palm Beach, FL 33407
2
UNITS
Duplex
SUB TYPE
$352,500
LISTING PRICE
2,038
SQUARE FEET
CBS Duplex. Each unit has 2 bedrooms and 1 bath with open patio. Individual meters. Driveway parking. Great investment property. Interior of property cannot be seen at this time. Property has been boarded by the City of WPB. Interior... Read More