Interior
- Bathrooms
- 0
- Flooring
- Ceramic Tile, Tile
- Cooling
- Ceiling Fans, Other, Wall Window Units
- Heating
- None
Active · MixedUse
$700,000
1504 N Sapodilla Avenue N, West Palm Beach, FL 33401
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / 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
Get Directions1504 N Sapodilla Avenue N, West Palm Beach, FL 33401
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Facts & features
Exterior & Structure
- Property type
- MixedUse
- Year built
- 1925
- Stories
- 1
- Lot size
- 6,535 sq ft
- Roof
- Other
- Construction
- Block, Stucco
Parking
- Covered spaces
- 0
- Parking features
- On Street
HOA, Community & Financials
- Annual tax
- $5,935
- County
- Palm Beach
- Days on market
- 150
- MLS listing ID
- B26014430
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$756
- Cap rate
- 4.4%
- Net yield
- 4.4%
- Cash-on-cash return
- -4.6%
- Gross yield
- 6.6%
- Mortgage payment
- $3,318/mo
- Down payment
- $175,000
- Loan amount
- $525,000
- Annual NOI
- $30,745
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.