For Sale

Flamingo Park Luxury 4-Plex in West Palm Beach

518 Biscayne Drive | West Palm Beach, FL 33401-7618, US

priceSubject To Offer
property typeCommercial Sale
year built1925

highlights

Future Upside: Historic Flamingo Park remains one of the most stable and appreciating neighborhoods in West Palm Beach, ensuring long-term value retention.
Strong Rental Demand: Located in a high-density, high-demand historic district with a proven track record of consistent occupancy.
Income Versatility: Ideal for a "house hack" (live in one unit and rent the others) or as a high-performing addition to a long-term rental portfolio.
Walker’s Paradise: Boasting a Walk Score of 84, you are just steps away from local favorites like Bedner’s Farm Fresh Market, The New Park Place Retail Development, the Grandview Public Market & City Place.
Waterfront Proximity: Only two blocks from the Intracoastal Waterway and a short drive (approx. 1.5 miles) to the pristine beaches of Palm Beach.
Urban Convenience: Minutes from Downtown West Palm Beach, Clematis Street, and The Square (formerly CityPlace) for world-class dining, shopping, and entertainment.
Connectivity: Ideally situated for professionals and students, within walking distance to Palm Beach Atlantic University and less than 10 minutes from Palm Beach International Airport (PBI).

property
details

STATUSActive
SALE PRICE PER UNIT$1,700,000
YEAR BUILT1925
PROPERTY TYPECommercial Sale
BUILDING SIZE3,612 SF
LOT SIZE0.14 acres
CAP RATE4.9%
SALE PRICESubject To Offer
ZONINGSF14-C2—HIST. SF HIGH DENSITY CONT. 2 (74-WEST PALM BEACH)
DAYS ON MARKET150

property
description

STUNNING RENOVATION IN PROGRESS: This unique and highly sought offer Antique-Row-Area 4-Plex investment property is currently vacant for renovations. 2 of the 4 units have been completed and relisted on the maket for lease as of the beginning of April. ~ Upstairs are 2 BR 1 BA and are Listed for $2500/mo ~ Downstairs are 1 BR 1 BA and are Listed for $2200/mo Below are the renovations being completed: KITCHEN 1. New Cabinents & Cupboard 2. New Sink 3. New Samsung Oven 4. New Samsung Microwave BATHROOM 1. New Vanity & Sink 2. New Shower 3. New Tile OTHER IMPROVEMENTS: 1. Recent HVAC service on all 4 units 2. Roof resealed 3. Back Patio Concrete Repair 4. Landscape Improvements 5. Fence Repair 6. Awnings Added 7. Fresh Exterior Paint (in progress after internal renovations are done)

location
description

518 Biscayne Drive | West Palm Beach, FL 33401-7618, US

Discover the vibrant surroundings of Flamingo Park Luxury 4-Plex in West Palm Beach, FL. This prime location offers access to the city's renowned cultural and recreational offerings, including the picturesque waterfront, the trendy Antique Row, and the esteemed Green School. Residents can embrace the area's dynamic energy with convenient access to entertainment venues, local eateries, and boutique shops. This sought-after neighborhood provides an attractive blend of urban convenience and laid-back coastal charm, making it an ideal choice for multifamily and low-rise/garden investors looking to capitalize on the flourishing West Palm Beach real estate market.

Chad Massaker, MICP

Chad Massaker, MICP

FL #BK3467373
(561) 810-3537

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