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3517 S Olive Ave
West Palm Beach, FL 33405
2 Houses Near Beach New Construction · Multifamily Property For Sale · 2 Units

Property Facts

No. Units 2
Property Type Multifamily
Apartment Style Garden
Lot Size 0.18 AC
Building Size 2,000 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1979/2018
Zoning multi family - This property is zoned Residential/Multi Family

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Granite Countertops
  • Ice Maker
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Tub/Shower
  • Yard
  • Grill
  • Dining Room
  • Double Pane Windows
  • Freezer
  • Instant Hot Water
  • Linen Closet
  • Patio
  • Window Coverings

About 3517 S OLIVE AVE , WEST PALM BEACH, FL 33405

Two Houses (currently rented as short term vacation rentals and fully managed) on a large Corner Lot made up of three lots in the best part of West Palm Beach a block from the inter coastal and just over the bridge is Palm Beach Island, Trumps Mar-a-Lago Resort and Beautiful Beaches. Great Location near City Place, the nicest Mall in West Palm Beach. The area has great shops and trendy Restaurants. This property is located in Historic Southland Park where Residential Real Estate has an average sale of $400 Per Square Foot. Small houses in the area sell for over $500,000 here you have to beautiful houses with new construction for just a little more than that. Both houses were originally built in 1979 but recently under went a Gut Renovation and have newer Roofs, the walls were completely rebuilt, new plumbing and updated electrical, thankless hot water heaters that provide the houses with endless hot water, Kitchens have been completely remodeled with Quartz Countertops. Bathrooms also have been completely remodeled with new tubs, vanities and toilets. Both houses have Crown-molding and Hunter Ceiling fans in all the rooms, both houses have Hurricane Impact windows, the 3/1 has French Doors opening up to the Patio area. Both houses were furnished with high end furniture and rented as Vacation Rentals, they are completely turnkey and fully managed. They currently bring in a Gross of $60,303 over 386 days since we started renting them as vacation rentals , the Income should increase as we have built a great reputation for these properties and people tend to return. Rarely does a multi property like this one come up for sale in Southland Park. Alan Mehrez, is a real estate agent with Charles Rutenberg Realty and one of the owners of this property and is happy to provide more details if you call at 716-907-8836. All numbers in financials are approximate. Buyers required to do their own due diligence and not rely on any statements made herein.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
5+2 2 - 950 - 1,050

Property Taxes

Property Taxes

Parcel Number
74-43-43-34-09-008-0080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$824,421
  • Listing ID: 18944722

  • Date on Market: 3/21/2020

  • Last Updated:

  • Address: 3517 S Olive Ave, West Palm Beach, FL 33405

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