Flamingo Park 4-Plex in West Palm Beach (2 Units: 2BR+1BA, 2 Units: 1BR+1BA)

The "Park Place" Renaissance The true value of this property lies in its location, just moments from the exploding culinary and cultural scene of the Park Place corridor. This specific pocket of the neighborhood has recently transformed into a destination for the elite food scene. The two warehouses at the end of the drive are vacant and belong to Jeff Greene who plans to repurpose the property for use by the Green School which is walking distance from the 4-plex. TheGreeneSchool.com This West Palm Beach 4-plex has been meticuously maintained by the owner, with many improvements and repairs over the last 7 years of their ownership, including but not limited to: brand new floors in 3 units, brand new cabinents in 3 of the units, added a new full kitchen to another unit, foundation repairs and more. The two bottom floow units are 2 BR / 1 BA and the upstairs units are 1 BR / 1 BA (and a den) 3 of the 4 units are paying below market rents creating an opportunity for an immediate addition of +$15k per year of pre-tax cash flow.