NOW Is The Perfect Opportunity To Purchase This RENOVATED Multi-Family Property With A Private POOL, That Boasts A NEW METAL ROOF (2022), Newer A/C (2020), 3/2 ''Detached'' Single Family Home And TWO 2 bedroom, 1 bath... 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.
1509 Florida Avenue, West Palm Beach, FL 33401
921 Ortega Road, West Palm Beach, FL 33405
3
UNITS
Triplex
SUB TYPE
$2,350,000
LISTING PRICE
3,880
SQUARE FEET
This amazing compound has a total of 8 bedrooms and 5 baths within a gated double lot with a gorgeous swimming pool! Built in 1925, this property is RENOVATED including a new roof, impact windows, central A/C, updated electrical... Read More
246 Greenwood Drive, West Palm Beach, FL 33405
3
UNITS
Triplex
SUB TYPE
$1,949,000
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
1403 Georgia Avenue, West Palm Beach, FL 33401
4
UNITS
Quad Plex
SUB TYPE
$1,795,000
LISTING PRICE
2,352
SQUARE FEET
Convert to a single-family house or keep as 4 one-bedroom/1 bath units. 92.50 x 120 lot offers room to add on and a pool. Each unit offers updated kitchens, central HVAC and off-street parking. In process of being resided and painted... Read More
400 51 Street, West Palm Beach, FL 33407
N/A
UNITS
Quad Plex
SUB TYPE
$1,380,000
LISTING PRICE
2,208
SQUARE FEET
AIRBNB POTENTIAL UNLIMITED. $$$$NORTH FLAGLER DRIVE LOCATION, LOCATION LOCATION!!!!!!NORTHWOOD HARBOR MARINA DISTRICT QUAD PLEX, INCOME PROPERTY,4-1 BEDROOM 1-BATHROOM UNITSCERAMIC TILED THROUGHOUT, NEW WATER HEATERS, FRESHLY... Read More
12450 Guilford Way, Wellington, FL 33414
2
UNITS
Duplex
SUB TYPE
$1,310,000
LISTING PRICE
2,380
SQUARE FEET
Investment opportunity in Wellington, FL. Left side of Duplex is currently being run as an Assisted Living Facility. Owner also has an additional property listed for sale at 121 N. B Street, Lake Worth, FL 33460. Read More
4427 Purdy Lane, West Palm Beach, FL 33406
4
UNITS
Quad Plex
SUB TYPE
$1,249,000
LISTING PRICE
3,808
SQUARE FEET
GREAT INVESTMENT PROPERTY.!! 2 BUILDINGS EACH WITH 2 UNITS , EACH UNIT IS 3 BEDROOMS 1 BATH LIVING ROOM, KITCHEN, LOUNFRY AND BACK JARD. EACH ONE HAS SEPARATE ELECTRIC AND WATER.. LONG TIME TENANTS . EACH UNIT PAYING $1,700/ MONTH. GREAT... Read More
442 Tall Pines Road, West Palm Beach, FL 33415
4
UNITS
Quad Plex
SUB TYPE
$1,199,000
LISTING PRICE
3,920
SQUARE FEET
701 New Jersey Street, West Palm Beach, FL 33401
2
UNITS
Duplex
SUB TYPE
$1,090,000
LISTING PRICE
1,616
SQUARE FEET
Duplex or potential to convert to single family residence. The east unit is a 2 bedroom, 2 bath and rents for $1400/month. The west unit is a 2 bedroom, 1 bath and rents for $1200/month. Both units offer updated kitchens and bathrooms... Read More
513 45th Street, West Palm Beach, FL 33407
N/A
UNITS
Duplex
SUB TYPE
$999,999
LISTING PRICE
1,810
SQUARE FEET
A 5-3 compound with front home being a 4-2 & attached 1-1 cottage with separate entrance. Currently rented through 05-2027 for 78k annually. The cottage was fully permitted three years ago from the City Of WPB. CBS construction located... Read More
240 Marlborough Road, West Palm Beach, FL 33405
N/A
UNITS
Triplex
SUB TYPE
$989,900
LISTING PRICE
1,794
SQUARE FEET
Great Investment Opportunity for a family to reside in. Centrally located in the West Palm Beach Historical district, nearby the beautiful boardwalk bars restaurants, and the Down-Town Area. The main house is currently 3 units, that can... Read More
1176 Staghorn Street, Wellington, FL 33414
2
UNITS
Duplex
SUB TYPE
$974,999
LISTING PRICE
3,570
SQUARE FEET
Introducing a remarkable investment opportunity or an ideal home with an attached mother-in-law unit, perfectly located in Wellington just minutes away from WEF (Winter Equestrian Festival), Global Dressage, and all the wonderful... Read More
919 2nd Street, West Palm Beach, FL 33401
4
UNITS
Quad Plex
SUB TYPE
$925,000
LISTING PRICE
1,242
SQUARE FEET
Location! Location!! Location!!! This Quad Plex without HOA in the center of Downtown West Palm Beach. This property can be used as a commercial unit. The city will allow for new construction or expansion of the existing building... Read More
414 33rd Street, West Palm Beach, FL 33407
N/A
UNITS
Quad Plex
SUB TYPE
$899,000
LISTING PRICE
3,104
SQUARE FEET
Welcome to the historic neighborhood of Northwood; one of West Palm Beach's hottest areas. This is a rare opportunity to own an income producing multi-family property perfectly situated East of US1 just blocks to the Intracoastal... Read More
645 32 Street, West Palm Beach, FL 33407
3
UNITS
Triplex
SUB TYPE
$780,000
LISTING PRICE
1,554
SQUARE FEET
Zoning: SF7 - SINGLE-FA
MLS#: RX-10886884
Subdivision: NORTHWOOD ADD IN PB 8 PGS 47 & 62, PB 9 PGS 30 & 47, PB 10 P 11, PB 11 PGS 18, 38
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
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
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
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
West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$625,000
LISTING PRICE
1,359
SQUARE FEET
An extraordinary upgraded duplex with separate yards in West Palm Beach. Ideal for rental investors or AirBnB enthusiasts, it offers modern finishes and convenience. Located near the beach, downtown, restaurants, and schools, it ensures... Read More
516 46th Street, West Palm Beach, FL 33407
2
UNITS
Duplex
SUB TYPE
$625,000
LISTING PRICE
1,791
SQUARE FEET
This adorable Duplex sits in such a cute area of West Palm Beach. A newly sought after area, with old town charm, close to all the new and hip things West palm has to offer. Blocks to the intercostal, amazing restaurants and... 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
4710 Spruce Avenue, West Palm Beach, FL 33407
N/A
UNITS
Duplex
SUB TYPE
$599,000
LISTING PRICE
1,100
SQUARE FEET
ZODES DUPLEX TRIPLEX. SOLID CBS CONCRETE BLOCK DUPLEX WITH LESS THAN 5 YEARS OLD ARCHITECTURAL SHINGLE ROOF. LARGE CARPORT ON ONE SIDE AND OFF STREET PARKING FOR EACH UNIT. LARGE SCREEN IN PATION ON EACH SIDE AND SIDE LOT AVAILABLE FOR... Read More
4213 W Terrace Dr Drive, West Palm Beach, FL 33407
N/A
UNITS
Duplex
SUB TYPE
$579,000
LISTING PRICE
2,010
SQUARE FEET
Currently it is a single house with potential to be turned into a duplex. Many opportunities with this property. Can also rent out space for large truck or trailer storage. Plenty of space to build efficiencies. Must see this rare find. Read More
West Palm Beach, FL 33417
2
UNITS
Duplex
SUB TYPE
$549,000
LISTING PRICE
1,800
SQUARE FEET
This is a great investment opportunity in West PAlm Beach. Two spacious units all redone. New kitchens and baths. Both units have fenced yards. This duplex is located on a dead end street. Read More
706 13th Street, West Palm Beach, FL 33401
3
UNITS
Triplex
SUB TYPE
$530,000
LISTING PRICE
2,428
SQUARE FEET
Amazing Investment Opportunity!!! This rarely available corner lot, a little under half an acre, located in downtown West Palm Beach is a prime opportunity to generate great rental income. The lot is zoned Multifamily in a HISTORIC... 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
1638 Citation Drive, West Palm Beach, FL 33417
2
UNITS
Duplex
SUB TYPE
$520,000
LISTING PRICE
1,800
SQUARE FEET
PRICE IMPROVEMENT!!! Don't miss out! Great investment opportunity in West Palm Beach! This duplex features two spacious units, each with 2 bedrooms and 1 bathroom. Similar units in the immediate area are currently generating a combined... Read More
719 52nd Street, West Palm Beach, FL 33407
N/A
UNITS
Triplex
SUB TYPE
$512,000
LISTING PRICE
1,640
SQUARE FEET
This triplex, currently under renovation, offers a unique investment opportunity in West Palm Beach. The second story hosts two-bedroom apartment, currently leased at $1900 per month. On the first floor, a one-bedroom apartment is leased... 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
411 Maddock Street, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$499,000
LISTING PRICE
1,356
SQUARE FEET
Fantastic 2 unit investment property just south of downtown West Palm Beach. Occupied , 2 unit property income producing property. Main unit is a 3/1 rented for $2475, and Unit 2 is a studio rented for $1250.Please do not disturb... Read More
525 48th Street, West Palm Beach, FL 33407
3
UNITS
Triplex
SUB TYPE
$478,000
LISTING PRICE
1,513
SQUARE FEET
An excellent investor opportunity awaits in East West Palm Beach! This triplex is conveniently situated just two blocks west of Flagler Street and a short drive from downtown. While the property requires some tender loving care.This... Read More
1812 Breezy Lane, West Palm Beach, FL 33417
N/A
UNITS
Duplex
SUB TYPE
$395,800
LISTING PRICE
1,208
SQUARE FEET
Two units, separate electric, washer dryer in units, 24 hours' notice required to show. Tenant occupied. Do not disturb tenant. Zoned RM multi-family. Read More
4108 Greenwood Avenue, West Palm Beach, FL 33407
2
UNITS
Duplex
SUB TYPE
$339,000
LISTING PRICE
1,548
SQUARE FEET
Welcome to this fantastic investment opportunity under normal market prices! This property boasts two separate units, each with their own electric meter, providing a great investment opportunity for investors.Currently, the property is... Read More