1504 N Sapodilla Avenue, West Palm Beach, FL 33401 — MLS photo

Active · SingleFamilyResidence

$700,000

1504 N Sapodilla Avenue, West Palm Beach, FL 33401

Beds: 4
Baths: 5
Living area: 2,520 sq ft
$ / sq ft: $278/sq ft
Year built: 1925
Lot size: 6,535 sq ft
HOA fee: —
Annual tax: $5,935

About this property

Mixed-use property located in a Opportunity Zone just four blocks north from the $1B NORA District redevelopment area. Featuring a commercial storefront and a residential duplex in two separate buildings, it provides immediate income (100% rented) with possible significant tax advantages for long-term investors. Positioned in a high-growth corridor near the Brightline and Tri-Rail stations and new workforce housing projects, it offers a strategic "path of progress" acquisition with a Future Land Use of Multifamily (MF).

Property location

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1504 N Sapodilla Avenue, West Palm Beach, FL 33401

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Facts & features

Interior

Bedrooms: 4
Bathrooms: 5
Living area: 2,520 sq ft
Flooring: Ceramic Tile, Hardwood, Tile, Vinyl, Wood
Appliances: Some Gas Appliances, Electric Water Heater, Gas Range, Refrigerator
Cooling: Ceiling Fans, Other, Wall Window Units
Heating: None
Interior features: Bedroom On Main Level, Kitchen Dining Combo, Main Living Area Entry Level, Stacked Bedrooms, Bar
Furnished: Unfurnished

Exterior & Structure

Property type: SingleFamilyResidence
Year built: 1925
Stories: 1
Lot size: 6,535 sq ft
Architectural style: One Story
Construction: Block, Stucco
Pool: None
View: Other, Water

Parking

Covered spaces: 0
Parking features: Open, On Street

HOA, Community & Financials

Security: Smoke Detectors
Pets allowed: No
Annual tax: $5,935
Subdivision: FRESHWATER 11 TH & 12 TH AVE
County: Palm Beach
Days on market: 152
MLS listing ID: B26014027
Listing status: Active

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Estimated monthly cash flow

$1,594

Cap rate: 8.4%
Net yield: 8.4%
Cash-on-cash return: 9.8%
Gross yield: 11.1%
Mortgage payment: $3,318/mo
Down payment: $175,000
Loan amount: $525,000
Annual NOI: $58,944

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.