West Palm Beach, FL 33405

Property Description

Rare 8-unit multifamily investment opportunity at 211 & 215 Malverne Rd in West Palm Beach. The 4,756 SF property features six 1-bedroom/1-bath units and two 2-bedroom/1-bath units, plus on-site laundry, tropical landscaping, paver walkways and a charming courtyard with fountain. Current gross rental income is $153,720 annually, with pro forma gross income of $165,120. Zoned MF20 - Multifamily Medium Density. Ideally located just one block from the Intracoastal Waterway and Flagler Drive, near Palm Beach, Downtown West Palm Beach, Clematis Street, Norton Museum, Antique Row, beaches, shopping and I-95. Roof replaced in 2014. Excellent investment opportunity in a highly desirable location. PLEASE DO NOT WALK THE PROPERTY OR DISTURB TENANTS.