518 Biscayne Drive West Palm Beach FL 33401 MLS #RX-11052500

518 Biscayne Drive
West Palm Beach, FL, 33401
$1,250,000
Beds
0 Baths
3,612 SqFt
0.14 Acres
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Upgraded 4-unit multifamily property in historic Flamingo Park. Qualifies for favorable owner-occupant financing which allows the rental income to help qualify for the loan with as low as 5% downpayment.Impact windows throughout. Each unit has Central AC and updated electrical panels. Units include in-unit washers and dryers, high ceilings, and tankless water heaters. A large backyard provides ample outdoor space for tenants. Durable flat roof (2016) and updated barrel tile roof. Plumbing is originally cast iron and much has been replaced with PVC.

Property Details

Price:
$1,250,000
MLS #:
RX-11052500
Status:
Active
Baths:
0
Address:
518 Biscayne Drive
Type:
Residential Income
Subtype:
Quad Plex
Subdivision:
FLAMINGO PARK IN
City:
West Palm Beach
Listed Date:
Jan 15, 2025
State:
FL
Finished Sq Ft:
3,612
ZIP:
33401
Lot Size:
6,250 sqft / 0.14 acres (approx)
Year Built:
1925
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Cynthia Nalley

Cynthia Nalley

Managing Broker

Cell Phone 561 309-7770

Cynthia Nalley is Co-Broker of Acquire Palm Beach and manages the business operations in addition to real estate transactions. She is a Project Management Professional (PMP) who has created technology systems and managed complex projects for SunTrust, Citibank, JP Morgan Chase, and many more. Cynthia is a longtime Downtown West Palm Beach resident and advocate. She serves on the WPB Downtown Development Authority Board of Directors and is Vice President of the WPB Downtown Neighborhood Associa…

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Schools

Interior

Cooling
Central
Flooring
Ceramic Tile, Wood Floor
Heating
Central

Exterior

Construction
Frame
Exterior Features
Auto Sprinkler
Homeowners Assoc
None
Lot Description
< 1/4 Acre
Roof
Barrel, Built- Up, Tar/ Gravel
Waterfront Details
None

Financial

Gross Operating Income
$105,000
Net Operating Income
$65,000
Taxes
$0
Utilities
Cable, Electric, Public Sewer, Water Available

Map

Community

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Listing courtesy of 49 Units, LLC, (561)–600–5350

© 2025 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated 2025-01-22.
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518 Biscayne Drive
West Palm Beach, FL