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
3613 Washington Road, West Palm Beach, FL 33405
4
UNITS
Quad Plex
SUB TYPE
$1,999,000
LISTING PRICE
3,448
SQUARE FEET
Fantastic opportunity to own this beautiful Quad. Each unit is a 2 bedroom with 1 bath and features a huge patio and a rear patio for each. Two of the units are currently furnished rentals. The building also offers a large common side... Read More
326 Barcelona Road, West Palm Beach, FL 33401
N/A
UNITS
Quad Plex
SUB TYPE
$1,700,000
LISTING PRICE
2,944
SQUARE FEET
Investment opportunity in the heart of El Cid. Renovated single family home with 3 bed 2 bath. Partial impact windows, newer HVAC and central air, refinished wood floors, quartz countertops in kitchen, stainless appliances, new water... Read More
3164/3170 Melaleuca Road, West Palm Beach, FL 33406
4
UNITS
Quad Plex
SUB TYPE
$1,350,000
LISTING PRICE
4,371
SQUARE FEET
Turnkey fully renovated (2021) rental income properties with no Associations or restrictions! Monthly rental income COMPS at $8,500+. Much higher if rented as AirBNB. Individually metered. Tons of parking Mins to airport & downtown WPB... Read More
13716 Yarmouth Drive, Wellington, FL 33414
4
UNITS
Quad Plex
SUB TYPE
$1,200,000
LISTING PRICE
5,698
SQUARE FEET
Great income property in the heart of Wellington, about 10 minutes from the horse show, CBS construction.The property is fully leased, all units are 3/2 covered garage, and about 8 unassigned parking spaces, A/Cs about 4 years old, roof... Read More
2571 Hinda Road, West Palm Beach, FL 33403
5
UNITS
Quad Plex
SUB TYPE
$1,199,000
LISTING PRICE
3,496
SQUARE FEET
Amazing 5 unit compound consisting of two duplexes and a single family house 3/2 sitting on a half acre lot. Live in the house for free and collect rent easily! All units are 2 Bedroom 1 Bath. The duplex units even have a carport and... 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
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
734 Newark Street, West Palm Beach, FL 33401
N/A
UNITS
Quad Plex
SUB TYPE
$945,000
LISTING PRICE
2,232
SQUARE FEET
An incredible multi-family home with plenty of space. The Spanish style 2bed/2bath 1 story home has a triplex-cottage that makes it great for additional income through renting. Each unit of the triplex has it's own bedroom and bathroom... Read More
421 49th Street, West Palm Beach, FL 33407
3
UNITS
Triplex
SUB TYPE
$895,000
LISTING PRICE
3,032
SQUARE FEET
Unique, turnkey triplex located off North Flagler Drive near the Intracoastal Waterway, the Sailing Club, the world-renowned Super Yacht Rybovich Marina and the newly under construction Icon Marina Village. This property offers three... Read More
4344 Mars Avenue, West Palm Beach, FL 33406
3
UNITS
Triplex
SUB TYPE
$865,000
LISTING PRICE
3,567
SQUARE FEET
3 Fully Renovated houses on one Lot consisting of a 5/2 with 2 car garage rented for $3300/mo, 4/2 rented for $2750/mo and 1/1 cottage $1250/mo. This is a great cash flow property for your next investment producing over $7300/mo... Read More
1036 Staghorn Street, Wellington, FL 33414
2
UNITS
Duplex
SUB TYPE
$765,000
LISTING PRICE
4,116
SQUARE FEET
Fabulous two story duplex located in the heart of Wellington. Perfect for an investor or if you're looking for a large 3 bedroom with den/office and 3 full baths to own and one to rent. Great income producing property. Please see... Read More
335 Kenilworth Boulevard, West Palm Beach, FL 33405
3
UNITS
Triplex
SUB TYPE
$745,000
LISTING PRICE
2,292
SQUARE FEET
Perfect investment opportunity. Completely turn Key, all 3 units currently rented. This rare triplex was fully renovated in 2017. New roof installed 2017. 2017 Central A/C units for each apartment. Excellent location next to Antique Row... Read More
1241 Staghorn Court, Wellington, FL 33414
2
UNITS
Duplex
SUB TYPE
$650,000
LISTING PRICE
2,840
SQUARE FEET
Both units are occupied /rented - appointments are needed to show. Great location - three bedrooms / 2 baths with one car garages and large yards on a culdesac. Great investment property. Read More
3011 Windsor Avenue, West Palm Beach, FL 33407
N/A
UNITS
Triplex
SUB TYPE
$625,000
LISTING PRICE
1,920
SQUARE FEET
Unprecedent opportunity in the upcoming area of Northwoods. This is the opportunity to purchase a fully remodeled and rented triplex with the possibility of 7% ROI (HOT PROPERTY FOR THIS MARKET). This magnificent building offers new... Read More
1163 Lake Terry Drive, West Palm Beach, FL 33411
N/A
UNITS
Quad Plex
SUB TYPE
$609,000
LISTING PRICE
3,240
SQUARE FEET
CASH ONLY - 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... 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
1720 Mercer Avenue, West Palm Beach, FL 33401
N/A
UNITS
Duplex
SUB TYPE
$589,000
LISTING PRICE
2,059
SQUARE FEET
Great location! Greater Opportunity! First Class renovations in this completely redone multi-family property! Upstairs is a 2/1 and downstairs is a 3/2. One car garage. Possible to add a studio. New Impact windows! New electric panel... Read More
507 Nottingham Boulevard, West Palm Beach, FL 33405
3
UNITS
Triplex
SUB TYPE
$575,000
LISTING PRICE
1,600
SQUARE FEET
Income Opportunity! 1-2 bed,2bath; 2-Eficiencies. Also a Bonus legal 40' Container. Excellent location. Well Kept. New Kitchen in the main house. Laundry Facility on the property. Large Parking Lot. Seperate meters 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
444 Kern Street, West Palm Beach, FL 33405
N/A
UNITS
Duplex
SUB TYPE
$450,000
LISTING PRICE
1,220
SQUARE FEET
Both Units just updated: Front Unit New Granite Countertops in the Kitchen, New Washer/Dryer and new window treatments. Back unit New kitchen cabinets and granite counter tops,New Stove, New Doors, Freshly Painted throughout. Read More
731 21st Street Street, West Palm Beach, FL 33407
2
UNITS
Duplex
SUB TYPE
$415,000
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
809 19th Street, West Palm Beach, FL 33407
3
UNITS
Triplex
SUB TYPE
$400,000
LISTING PRICE
2,312
SQUARE FEET
8% CAP RATE! Excellent investment opportunity. Newer roof, partial impact windows. 1/1 efficiency, 1/1 apartment, & 4/1.5. Read More
615 El Vedado, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$399,900
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
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
716 Talladega Street, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$399,000
LISTING PRICE
1,454
SQUARE FEET
Excellent investment opportunity. Two seperate rental units, a two bedroom one bathroom unit (currently vacant) and a one bedroom one bathroom unit (lease ends 4/30/21). Property features impact windows, newer flooring, updated bathroom... 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. Quick possession, motivated seller.2 story duplex, with 2 bedrooms 1.5 bathrooms in a desirable community. Laundry facilities and large yard with mature fruit trees. Assigned parking, kitchen... Read More
1013 State Street, West Palm Beach, FL 33407
3
UNITS
Triplex
SUB TYPE
$385,000
LISTING PRICE
2,250
SQUARE FEET
Located minutes away from the City Hall, this exciting opportunity offers three high-quality, fully-rented units. Comprised of a single-family and a duplex, both buildings have recently undergone major mechanical, interior, and exterior... Read More
5009 Garden Avenue, West Palm Beach, FL 33405
N/A
UNITS
Duplex
SUB TYPE
$380,000
LISTING PRICE
1,303
SQUARE FEET
Excellent opportunity to own an amazing investment property in West Palm Beach. Quiet neighborhood! Property is occupied and either tenant can stay if you like. 1st unit has a beautifully renovated kitchen and bath. 2nd unit is having... Read More
4335 Palm Avenue, West Palm Beach, FL 33406
2
UNITS
Duplex
SUB TYPE
$380,000
LISTING PRICE
1,440
SQUARE FEET
Great income property located close by airport & shopping centers, fully renovated in 2017. A/C & Water heater & appliance 2017. 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
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
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
443 Malverne Road, West Palm Beach, FL 33405
2
UNITS
Duplex
SUB TYPE
$249,000
LISTING PRICE
1,204
SQUARE FEET
Investors Welcomed! Great rental potential. Spanish style duplex centrally located in West Palm Beach. Unit 1 is 2 bedroom, 1 bath. Needs TLC. Unit 2 is a 1 bedroom, 1 bath currently tenant occupied on a month to month lease. Read More
821 N Tamarind Avenue, West Palm Beach, FL 33401
2
UNITS
Duplex
SUB TYPE
$230,000
LISTING PRICE
1,846
SQUARE FEET
CALLING ALL INVESTORS! Terrific investment opportunity, the property is FULLY occupied with immediate cash flow! West Palm Beach duplex in a prime location. Upper unit 4 bedroom, 1 bath rented at $1,200/month. Lower unit 1 bed, 1 bath... Read More