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.

3611 S Flagler Drive, West Palm Beach, FL 33405

3611 S Flagler Drive

Status: Active

6

UNITS

Quad Plex

SUB TYPE

$19,750,000

LISTING PRICE

17,350

SQUARE FEET

Zoning: MF32(c

Subdivision: 3611 S Flagler

Rare opportunity to acquire a brand new luxury residential building on the intracoastal waterway in the booming city of West Palm Beach. Purchase to hold and use the units as luxury rentals, or sell as condominiums. Units range from... Read More

618 6th Street, West Palm Beach, FL 33401

618 6th Street

Status: Active

8

UNITS

Quad Plex

SUB TYPE

$1,500,000

LISTING PRICE

4,650

SQUARE FEET

Zoning: NWD-R(

Subdivision: CLOWS

This 8 unit building all units come with 2 bedrooms and 1 bath also comes with new electric with new meter cans, breakers and main disconnect, also a NEW ROOF and is located in one of the hottest area's in West Palm Beach. The building... Read More

3800-3804 S Olive Avenue, West Palm Beach, FL 33405

3800-3804 S Olive Avenue

Status: Active

4

UNITS

Quad Plex

SUB TYPE

$1,400,000

LISTING PRICE

2,680

SQUARE FEET

Zoning: MF20 (city)/MUL

Subdivision: ESTATES OF SOUTH PALM BEACH

4 buildings on corner lot in excellent location next to Southern bridge, park and beaches, great for seasonal rentals or Airbnb. All units occupied m/m leases. Property has 8 cars parking and large courtyard with tons of opportunities... Read More

1173 Hyacinth Place, Wellington, FL 33414

1173 Hyacinth Place

Status: Active

4

UNITS

Quad Plex

SUB TYPE

$1,300,000

LISTING PRICE

4,692

SQUARE FEET

Zoning: WELL_P

Subdivision: SUGAR POND MANOR OF WELLINGTON

Excellent investment opportunity! great tenants. 3 bedrooms/2. bathrooms/1 car garage & patio. Full size washer & dryers, separate electric & water meters, and lots of greenery. Located within minutes to A rated schools, restaurants, ... Read More

4344 Mars Avenue, West Palm Beach, FL 33406

4344 Mars Avenue

Status: Active

3

UNITS

Triplex

SUB TYPE

$1,200,000

LISTING PRICE

4,183

SQUARE FEET

Zoning: RM

Subdivision: SKY RANCH

3 Fully Renovated Houses completed in 2020 with strong cash flow makes this a trouble-free investment and fully rented. Please DO NOT Disturb Tenants!! Front and Back house on annual leasesFront House 5/2 is rented for $3300/mo. Back... Read More

1403 Georgia Avenue, West Palm Beach, FL 33401

1403 Georgia Avenue

Status: Active

N/A

UNITS

Quad Plex

SUB TYPE

$1,175,000

LISTING PRICE

2,352

SQUARE FEET

Zoning: SF14(c

Subdivision: GRANDVIEW HEIGHTS

4 one-bedroom/1 bath units on a 92.50 x 120 lot. Each unit offers updated kitchens, updated electric and plumbing, central HVAC and off-street parking. All units have annual leases with a 60-day termination clause. Tenants pay all... Read More

313 Monroe Drive, West Palm Beach, FL 33405

313 Monroe Drive

Status: Active

2

UNITS

Duplex

SUB TYPE

$1,150,000

LISTING PRICE

1,632

SQUARE FEET

Zoning: SF14(c

Subdivision: SOUTHLAND PARK

Excellent rental or Airbnb opportunity! Located in one of the most desirable areas of West Palm Beach and only blocks from the Intracoastal as well as Antique Row, this absolutely charming 1928 historic residence with separate guest... Read More

2607 Royal Palm Circle, West Palm Beach, FL 33409

2607 Royal Palm Circle

Status: Active

4

UNITS

Quad Plex

SUB TYPE

$949,000

LISTING PRICE

4,500

SQUARE FEET

Zoning: MULTI

Subdivision: NONE

''UNINCORPORATED''THIS PROPERTY IS IN THE BELVEDERE HOMES REDEVELOPMENT AGENCY OVERLAY. IT HAS BEEN REZONED TO MULTI-FAMILY HIGH DENSITY WITH THE DENSITY BONUS INCREASED. THE PROPERTY COULD SUPPORT 12 ADDITIONAL UNITS. OR 6 SINGLE FAMILY... Read More

12447 Westhampton Circle, Wellington, FL 33414

12447 Westhampton Circle

Status: Active

2

UNITS

Duplex

SUB TYPE

$925,000

LISTING PRICE

2,158

SQUARE FEET

Zoning: WELL_P

Subdivision: SOUTH SHORE 1 OF WELLINGTON

PERFECT OPPORTUNITY for someone looking to reside or looking as an investment with land to build another duplex! SO many possibilities with this duplex. Bring your RV, Boat and trailers! NO HOA! The Lot offers enough space for adding an... Read More

244 Walton Boulevard, West Palm Beach, FL 33405

244 Walton Boulevard

Status: Active

N/A

UNITS

Triplex

SUB TYPE

$899,000

LISTING PRICE

1,914

SQUARE FEET

Zoning: MF20(c

Subdivision: ESTATES OF SOUTH PALM BEACH ADD 1

This triplex is located in Historic District of West Palm Beach, two blocks from Intracoastal Waterway and Southern Bridge, Park and Beaches. You can say, Location, Location, Location, walking distance everywhere and excellent for... Read More

4591 Purdy Lane, West Palm Beach, FL 33415

4591 Purdy Lane

Status: Active

3

UNITS

Triplex

SUB TYPE

$850,000

LISTING PRICE

2,640

SQUARE FEET

Zoning: RM

Subdivision: BUSH & MOHNEYS

Investment opportunity with commercial zoning possible as per county. 3 units plus a detached 2.5 car garage on a 0.78 acres lot. All cbs construction - garage has 150 amp service and a/c inside. All trane brand a/c units . All of the... Read More

4025 N Browning Drive, West Palm Beach, FL 33406

4025 N Browning Drive

Status: Active

N/A

UNITS

Duplex

SUB TYPE

$795,000

LISTING PRICE

2,700

SQUARE FEET

Zoning: RM

Subdivision: GUN CLUB ESTATES IN

BRAND NEW DUPLEX on 1/2 acre lot in the heart of West Palm Beach. Each unit is 3/2 with high end finishes; open layout, vaulted ceilings, Italian plank tile, 42'' white shaker cabinetry, Dallas white granite stone, impact doors ... Read More

531 21st Street, West Palm Beach, FL 33407

531 21st Street

Status: Active

3

UNITS

Triplex

SUB TYPE

$694,000

LISTING PRICE

2,808

SQUARE FEET

Zoning: MF14(c

Subdivision: SOUTH MANGONIA

Completely remodeled triplex; 2-story buildingUpstairs 5/2 and downstairs 2/1, 2/1 with brand new roof, windows, showers, kitchens and bathrooms. New electric and plumbing. Read More

1520 Barbarie Lane, West Palm Beach, FL 33417

1520 Barbarie Lane

Status: Active

2

UNITS

Duplex

SUB TYPE

$420,000

LISTING PRICE

1,800

SQUARE FEET

Zoning: RM

Subdivision: PLANTATION VILLAGE

Read More

3321 Pinewood Avenue, West Palm Beach, FL 33407

3321 Pinewood Avenue

Status: Active

3

UNITS

Triplex

SUB TYPE

$419,900

LISTING PRICE

2,410

SQUARE FEET

Zoning: SF7(ci

Subdivision: NORTHWOOD ADD

Huge investment opportunity in West Palm! Two story triplex on a massive, 7840 sq ft lot! Located just west of US1 near the Historic District, this cash flow investment property has TONS of potential! The upstairs unit is a 1096 sq ft, 3... Read More

608 El Vedado, West Palm Beach, FL 33405

608 El Vedado

Status: Active

2

UNITS

Duplex

SUB TYPE

$419,000

LISTING PRICE

1,600

SQUARE FEET

Zoning: SF14(c

Subdivision: VISTA ENCANTO ADD

Charming WPB duplex with lots of character and modern amenities. Use this as a family home with an in-law suite in the back, or as a nightly/annual rental property. Each unit has its own address, water meter, electric meter, updated... Read More

528 Churchill Road, West Palm Beach, FL 33405

528 Churchill Road

Status: Active

2

UNITS

Duplex

SUB TYPE

$405,000

LISTING PRICE

1,644

SQUARE FEET

Zoning: SF7(ci

Subdivision: COLONIAL ESTS

CORNER UNIT, BIG LOT, multifamily zone. Great potential. Unit has 2 apartment completely independents. 2/1 First Floor, 2/1 Second floor. First floor rented $1250, long time tenant, under market price. Upper unit could be rent by $1,400... Read More

721 21st 2 Street, West Palm Beach, FL 33407

721 21st 2 Street

Status: Active

N/A

UNITS

Duplex

SUB TYPE

$355,000

LISTING PRICE

1,736

SQUARE FEET

Zoning: SF11(c

Subdivision: WASHINGTON HEIGHTS

Duplex for sale in up and coming neighborhood. Top of the Property is currently rented, tenant on a lease through October for $1200. Seller would prefer to sell the property with home on the front lot to same buyer. See that listing for... Read More

4010 Garden Avenue, West Palm Beach, FL 33405

4010 Garden Avenue

Status: Active

N/A

UNITS

Duplex

SUB TYPE

$350,000

LISTING PRICE

1,498

SQUARE FEET

Zoning: SF7(ci

Subdivision: GARDENS THE

**INVESTORS DREAM*** . DOUBLE LOT 11,000 Square feet. 1.5 MILES to Mar-a-Lago. 1.5 Miles to most exclusive beaches in Florida. Bike or Walk to Beach!!!! Current house Rented under market value at $2,000 per month. Can take over tenant or... Read More

926 33rd Street, West Palm Beach, FL 33407

926 33rd Street

Status: Active

N/A

UNITS

Duplex

SUB TYPE

$330,000

LISTING PRICE

1,263

SQUARE FEET

Zoning: SF7(ci

Subdivision: NORTHWOOD ADD

2 great units in West Palm Beach. Located in the Northwood area, this property is ready for its new owners. The front house is a 2/2, tenants will be going to month to month, rear unit is a 1/1. Also a long term tenants.All measurements... Read More

1924 E A E Isaacs Avenue, West Palm Beach, FL 33407

1924 E A E Isaacs Avenue

Status: Active

N/A

UNITS

Duplex

SUB TYPE

$279,900

LISTING PRICE

1,104

SQUARE FEET

Zoning: MF14(c

Subdivision: PLEASANT CITY IN PB 1 PGS 1 & 57

DUPLEX WITH 2/1 EACH UNIT LOCATED JUST MINUTES FROM DOWNTOWN WEST PALM BEACH. DUPLEX IS LOCATED FROM A WALKING DISTANCE TO SHOPS AND RESTAURANT IN THE NORTHWOOD HISTORICAL DISTRICT. CENTRAL AC AND WATER HEATER IN BOTH UNITS ARE TWO YEARS... Read More

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