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.
9166 Roan Lane, West Palm Beach, FL 33403
1100 Cabana Road, West Palm Beach, FL 33404
4
UNITS
Quad Plex
SUB TYPE
$2,199,999
LISTING PRICE
9,828
SQUARE FEET
Rare 7% Cap Rate Potential. During a Time where people need to have more space at home. This Opportunity to Purchase 4 Luxury Townhomes, each with 3 bedrooms, 3.5 bathrooms, hurricane impact windows & doors, a 2 car garage, and 2,614... Read More
1665 Cabot Lane, Wellington, FL 33414
6
UNITS
Quad Plex
SUB TYPE
$2,150,000
LISTING PRICE
7,890
SQUARE FEET
Centrally located walking distance to the Village of Wellington Town Center, shopping, parks and the community pool. A rated schools. Four 3/2 units and two 2/2 units. Unit features quartz counter tops, stainless steel appliances... Read More
4762 Orleans Court, West Palm Beach, FL 33415
11
UNITS
Quad Plex
SUB TYPE
$1,815,000
LISTING PRICE
14,432
SQUARE FEET
11 single Story villas (separate PCNs) in a neighborhood. HOA only $190 per month per unit and includes roof, building insurance, landscaping outside of fenced area, fence. Max 2 cars/unit per HOA, two assigned parking spaces. Guest... Read More
13932 Folkestone Circle, Wellington, FL 33414
N/A
UNITS
Quad Plex
SUB TYPE
$1,300,000
LISTING PRICE
1,780
SQUARE FEET
Built in 2019 with attention to every detail... open floor plan, high ceilings, tile roof, impact glass, stainless steel appliances, tile floor, quartz counter tops etc. right in the heart of Wellington close to excellent schools, horse... Read More
1403 Georgia Avenue, West Palm Beach, FL 33401
N/A
UNITS
Quad Plex
SUB TYPE
$1,175,000
LISTING PRICE
2,352
SQUARE FEET
Charming 4-unit apartment complex in the heart of Historic Grandview Heights. The property offers 4 one-bedroom/1 bath units on a 92.50 x 120 lot. Each unit offers updated kitchens, washer/dryer connections in the kitchens, new electric... Read More
13789 Yarmouth Drive, Wellington, FL 33414
4
UNITS
Quad Plex
SUB TYPE
$1,150,000
LISTING PRICE
6,442
SQUARE FEET
Unique investment opportunity near equestrian community Palm Beach Polo & Country Club. The main house features a spacious 3 bedroom 2 bath floor plan with tile throughout, granite kitchen countertops, and newer appliances. The three... Read More
13723 Sunflower Court, Wellington, FL 33414
4
UNITS
Quad Plex
SUB TYPE
$1,050,000
LISTING PRICE
6,828
SQUARE FEET
Sugar Pond Townhomes Is A Unique Multi-Family Investment Opportunity. Constructed As A Quadplex This massive 8,378 Square Feet Building Sits On A Half Acre Of Land Located In The Equestrian Capital Of The World Wellington. Each Townhome... Read More
1151 Goldenrod Road, Wellington, FL 33414
4
UNITS
Quad Plex
SUB TYPE
$1,000,000
LISTING PRICE
5,048
SQUARE FEET
Quadruplex in the heart of Wellington. All 4 units are well maintained and ready to rent out. Perfect for seasonal rentals. Sold fully furnished. Roof was replaced in 2014 and all AC units were replaced in 2003. All units are rented for... Read More
2607 Royal Palm Circle, West Palm Beach, FL 33409
4
UNITS
Quad Plex
SUB TYPE
$950,000
LISTING PRICE
4,500
SQUARE FEET
''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
13632 Yarmouth A Court, Wellington, FL 33414
4
UNITS
Quad Plex
SUB TYPE
$899,900
LISTING PRICE
4,658
SQUARE FEET
1084 Crassula Court, Wellington, FL 33414
4
UNITS
Quad Plex
SUB TYPE
$850,000
LISTING PRICE
4,680
SQUARE FEET
Crassula Villa's Is A Unique Multi-Family Investment Opportunity. Constructed As A Quadplex This massive 5802 Square Feet Building Sits On A Half Acre Of Land Located In The Equestrian Capital Of The World Wellington. Villa's Has A... Read More
627 Bunker Road, West Palm Beach, FL 33405
4
UNITS
Quad Plex
SUB TYPE
$818,000
LISTING PRICE
3,410
SQUARE FEET
This meticulously restored 4 unit multifamily provides any investor with a dependable monthly cash flow. Theproperty is comprised of three structures. The main building contains 3 units. The two units on the first floor offer 2 bedrooms... Read More
1163 Lake Terry Drive, West Palm Beach, FL 33411
N/A
UNITS
Quad Plex
SUB TYPE
$599,000
LISTING PRICE
3,240
SQUARE FEET
4 Condo Units-High Return for sale in the same complex. There are 3- 3beds 2bath & 1- 2Beds 1Bath. Fully occupied. Priced to sell-Currently yielding 8.1% NET! Numbers are always a priority, but the longevity of how those numbers will... Read More
618 32nd Street, West Palm Beach, FL 33407
4
UNITS
Quad Plex
SUB TYPE
$589,000
LISTING PRICE
2,464
SQUARE FEET
EXCELLENT OPPORTUNITY TO INVESTOR!!!!!!CONSISTS IN FOUR UNITS IN TWO ADJACENT DUPLEX BUILDINGS IN A 7000 SQ FTS LAND LOT. FULLY RENTED. ACTUAL INCOME PRODUCER OF $1250 + $1200 + $1150 + $950. TOTAL $4550. PLEASE DON T DISTURB... Read More
4591 Purdy Lane, West Palm Beach, FL 33415
3
UNITS
Triplex
SUB TYPE
$580,000
LISTING PRICE
2,640
SQUARE FEET
EXCELLENT INVESTMENT OPPORTUNITY - A TRIPLEX PLUS A DETACHED 2.5 CAR GARAGE SITTING 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 ELECTRICAL HAS BEEN UPDATED... Read More
258 Conniston Road, West Palm Beach, FL 33405
N/A
UNITS
Quad Plex
SUB TYPE
$580,000
LISTING PRICE
2,639
SQUARE FEET
Quadplex in Excellent Location near Antique Row! CBS built income producing property is in the heart of trendy downtown area of WPB only 2 blocks from the intracoastal, just before the bridge to Mara Lago. 4 units consist of 1x 2BD, 2x... Read More
9332 Sun Court, West Palm Beach, FL 33403
3
UNITS
Triplex
SUB TYPE
$539,000
LISTING PRICE
2,680
SQUARE FEET
NOW OFFERING OWNER FINANCING! CASH COW! Well maintained Triplex in Palm Beach Gardens. Close to shopping, restaurants and the beaches. Each unit offers 2 bedrooms 1 full bath and a bonus room. Each unit has its own washer and dryer. All... Read More
711 E 5th Street, West Palm Beach, FL 33401
3
UNITS
Triplex
SUB TYPE
$480,000
LISTING PRICE
2,882
SQUARE FEET
Great Investment rental property: Triplex, each unit rental for $900.00. Note that the 3rd unit is occupied by one ofthe owners. Had it been occupied by a Tenant, the Gross yearly Income been $32,400.Spacious 3 bedrooms, 2 bath, Large... Read More
913 6th Street, West Palm Beach, FL 33401
N/A
UNITS
Triplex
SUB TYPE
$480,000
LISTING PRICE
3,154
SQUARE FEET
PERFECT RENTAL INVESTMENT OPPORTUNITY. NEEDS A LITTLE TLC. Read More
535 Palmetto Street, West Palm Beach, FL 33405
5
UNITS
Quad Plex
SUB TYPE
$477,000
LISTING PRICE
3,681
SQUARE FEET
FIVE UNITS !!! Corner, Ranch style house with adjoining two story quadraplex. In prime location , about three blocks from the intra-coastal. Offers plenty of open parking for tenants and guests. Each unit has separate electric and water... Read More
731 21st Street Street, West Palm Beach, FL 33407
2
UNITS
Duplex
SUB TYPE
$455,000
LISTING PRICE
2,505
SQUARE FEET
Great investment rental property. Triplex , monthly rent per unit $900. Units are large, 3 Bedrooms, two bath, Spacious Dining and Living areas. Read More
409 Nottingham Boulevard, West Palm Beach, FL 33405
N/A
UNITS
Duplex
SUB TYPE
$439,000
LISTING PRICE
1,847
SQUARE FEET
Really beautiful property. All renovated!!! New Kitchen, Windows and doors, Floors , Roof 2020, Fence 2020 and much more... Buy it!!! Read More
325 Nottingham Boulevard, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$435,000
LISTING PRICE
1,698
SQUARE FEET
Excellent investment opportunity! Fully rented, well-maintained and charming Duplex. Great tenants in place. Located in a desirable area minutes away from Intracoastal, Island of Palm Beach, Antique Row, church, restaurants, shopping... Read More
329 Nottingham Boulevard, West Palm Beach, FL 33405
N/A
UNITS
Duplex
SUB TYPE
$417,500
LISTING PRICE
1,670
SQUARE FEET
Prime location with steps to intracoastal!! Amazing 2 family property with separate electric meters. Perfect for investors!! Can be used as short term rentals or live in one and rent the other. Front building can be rented for min 2000... Read More
2344 Taylor Lane, West Palm Beach, FL 33415
2
UNITS
Duplex
SUB TYPE
$409,000
LISTING PRICE
2,200
SQUARE FEET
Brand new roof, great duplex that needs a rent increase. Current tenant month to month. Read More
2741 Parker Avenue, West Palm Beach, FL 33405
N/A
UNITS
Duplex
SUB TYPE
$399,500
LISTING PRICE
1,680
SQUARE FEET
Duplex 2/1 and 2/1 Property designated for up to 9 units and 3 stories. Units are rented. Please do not knock on tenants door. CHARMING 2 BEDROOM, 1 BATH FOR EACH UNIT, ,LARGE PARKING FOR A BOAT. QUIET NEIGHBORHOOD, GREAT STARTER HOME... Read More
2814 Saginaw Avenue, West Palm Beach, FL 33409
2
UNITS
Duplex
SUB TYPE
$390,000
LISTING PRICE
1,832
SQUARE FEET
Excellent investment opportunity!!! 2 single family homes on 1 lot. Front house 4 bedrooms & 2 Baths. $1700/mo income plus share of water utility. House updated a few years ago and in great shape (converted garage)! Rear house totally... Read More
3605 Pinewood Avenue, West Palm Beach, FL 33407
N/A
UNITS
Triplex
SUB TYPE
$389,900
LISTING PRICE
2,638
SQUARE FEET
TRIPLEX UPDATED WITH FRESH PAINT INTERIOR AND EXTERIOR. Read More
2028-2030 Dock Street, West Palm Beach, FL 33401
N/A
UNITS
Duplex
SUB TYPE
$389,800
LISTING PRICE
1,860
SQUARE FEET
Duplex- Zoned Single family high density. Building is being sold with adjacent lot. Quick possession, motivated seller.2 story duplex, with 2 bedrooms 1.5 bathrooms in a desirable community. Laundry facilities and large yard with mature... Read More
711 Palm Beach Lakes Boulevard, West Palm Beach, FL 33401
3
UNITS
Triplex
SUB TYPE
$375,000
LISTING PRICE
2,353
SQUARE FEET
Priced below recent appraised value. Opportunity zone property! Property can qualify for special tax credits. Close to the Hospital and Downtown . Amazing deal to buy and hold or even buy and live in . Very Comfortable 3/1 newly... Read More
432 Lytle Street, West Palm Beach, FL 33405
3
UNITS
Triplex
SUB TYPE
$369,900
LISTING PRICE
1,728
SQUARE FEET
Attention Investors. Rarely available (28 years, same owner) 3 unit Triplex features new roof, Walking distance to US 1 shops and restaurants. Strong Rental History. Last 10 years, Same Lessor pays one steady check for all 3 units... Read More
417 El Prado, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$360,000
LISTING PRICE
1,524
SQUARE FEET
Great investment opportunity. Two single family residences. Unit A has 3 bedrooms and 1 bathroom plus a den. it is currently being rented for $1700/month. Tenant has been residing at this property for two years; their current lease ends... Read More
627 30th Street, West Palm Beach, FL 33407
3
UNITS
Triplex
SUB TYPE
$360,000
LISTING PRICE
1,914
SQUARE FEET
Great property in Northwood. Has 2 units in the back that can be rented out, or used as a guest house. There is also a garage that may be able to be converted to additional living space. All units are rented, on month to month. Breakdown... Read More
615 El Vedado, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$359,999
LISTING PRICE
1,439
SQUARE FEET
Welcome to your perfect investment opportunity! Located just minutes from the beach and Downtown West Palm Beach this Multi Family property has been beautifully renovated throughout. Some upgrades in main home include; New Kitchen, New... Read More
3802 Russell Avenue, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$350,000
LISTING PRICE
1,569
SQUARE FEET
Excellent opportunity to purchase a 2 unit investment property located in West Palm Beach! Currently occupied with tenants paying $1450 on the 2/1 and $1075 on the 1/1 (the 1/1 has a garage). Read More
5715 Banana Rd, West Palm Beach, FL 33413
N/A
UNITS
Duplex
SUB TYPE
$350,000
LISTING PRICE
1,664
SQUARE FEET
444 Kern Street, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$349,900
LISTING PRICE
1,220
SQUARE FEET
Totally Updated Duplex with 2/1.5 in front house and a 1/1 in back house. Both have separate drive ways - one on Norton and one off Kern. Both have fenced in yards. New AC in smaller unit along with a new kitchen. Read More
4711 Garden Avenue, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$330,000
LISTING PRICE
1,600
SQUARE FEET
CONCRETE BLOCK DUPLEX FEATURING TWO BEDROOM EACH SIDE, TERRAZZO FLOORS, SEPARATED ELECTRIC, WATER, AND GAS. SPRINKLER SYSTEM ON WELL. OFF STREET PARKING. LARGE FENCED YARD. PLENTY OF SQUARE FOOTAGE AND LOT SIZE. Read More
522 Colonial Road, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$329,000
LISTING PRICE
1,547
SQUARE FEET
When Opportunity Knocks! This fully rented multifamily close to downtown WPB, I-95 and the Beaches is now available for investors. The property consists of a 3/1 rented for $1500, a 2/1 rented for $1400. The property is in good condition... Read More
122 2nd Street, West Palm Beach, FL 33413
1
UNITS
Duplex
SUB TYPE
$325,000
LISTING PRICE
1,770
SQUARE FEET
South Florida gem! Unincorporated zoning! Live in front house and rent out small detached cottage in the back. Two (2) separate buildings. Centrally located in the heart of West Palm Beach. Brick fireplace/stove in the center of the... Read More
2024 Dock Street, West Palm Beach, FL 33401
2
UNITS
Duplex
SUB TYPE
$315,000
LISTING PRICE
1,743
SQUARE FEET
RENT FOR 1000$ EACH WITH OLD RENTER ON A MONTH TO MONTH. Read More
510 48th Street, West Palm Beach, FL 33407
N/A
UNITS
Duplex
SUB TYPE
$299,000
LISTING PRICE
1,317
SQUARE FEET
Look no further! This well maintained single family home with guest house is located in the heart of West Palm Beach and only blocks from theIntra-coastal. Main house boasts 2 bedrooms and 1 bath. Updated kitchen with granite countertops... Read More
524 Colonial Road, West Palm Beach, FL 33405
N/A
UNITS
Duplex
SUB TYPE
$295,000
LISTING PRICE
960
SQUARE FEET
Charming home features real hardwood floors, a working fireplace, impact windows and additional garage apartment with rental income. Perfect for investors or first time homebuyers. Close to beaches, downtown WPB and I-95. Plenty or room... Read More
718 42nd Street, West Palm Beach, FL 33407
2
UNITS
Duplex
SUB TYPE
$282,000
LISTING PRICE
1,296
SQUARE FEET
Wide nice CBS Duplex. 2/1 Each unit is a 2/1 currently rented $1,250 a month. Both sides are identical in layout. Cash Flow income. Quiet tenants. Recently painted. Large back and front yard.. If you are looking for cash flow this is the... Read More
1002 Adams Street, West Palm Beach, FL 33407
N/A
UNITS
Duplex
SUB TYPE
$268,800
LISTING PRICE
1,536
SQUARE FEET
380 Caroline Avenue, West Palm Beach, FL 33413
2
UNITS
Duplex
SUB TYPE
$265,000
LISTING PRICE
1,536
SQUARE FEET
Rare opportunity to invest and living! Home PRICE UNDER MARKET VALUE! CBS Duplex Canal front in one of the hottest areas around!Each Unit has 1 bed/1 bath/ Kitchen/living room/dinning room/ separate back yard/ separate driveway/ separate... Read More
616 13th Street, West Palm Beach, FL 33401
2
UNITS
Duplex
SUB TYPE
$259,900
LISTING PRICE
1,728
SQUARE FEET
Well maintained property by Long Term owner. Located in active rental area in West Palm Beach / Palm Beach Lakes Blvd. east of 95 and just west of Federal Highway, always rents quickly. Tankless Hot Water Heaters, Recently Painted, Roof... Read More
620 46th Street, West Palm Beach, FL 33407
2
UNITS
Duplex
SUB TYPE
$245,000
LISTING PRICE
1,904
SQUARE FEET
Two complete homes in a very active part of the city. Very close to I-95, drug stores, gas stations and local shops. A mix of home owners and rental families on this one block residential street. Read More
1106 18th Street, West Palm Beach, FL 33407
2
UNITS
Duplex
SUB TYPE
$240,000
LISTING PRICE
1,562
SQUARE FEET
Cash Flow duplex. Two separate structures on same lot, all legal and conforming. Front house is a 3 bedroom, 1 bathroom which is newly renovated. Brand new central AC, Electrical Panel, Flooring and Kitchen. Back unit is a 2 bedroom, 1... Read More