3024 Clyde Road West Palm Beach, FL 33405
$575,000
3 Beds
2 Baths
1284 sqft
MLS#
B26024179
Type
Single Family Residence
Status
Active Listing
Square Footage
1,284
Bedrooms
3
Bathrooms
2 full
Year Built
1950
Tax Amount
$4,386
Property Description
Recent upgrades and features include a 2014 roof, 2017 A/C system, and a tankless water heater, along with double hurricane straps for added protection that may help reduce insurance costs. Excellent investment opportunity with strong income potential. The property offers multiple income streams, including a 2-bedroom, 1-bath main home, a separate 1-bedroom, 1-bath back unit currently generating approximately $1,500/month, and a detached RV space producing $1,000/month, totaling $2,500/month to help offset the mortgage. As a full investment, the property has the potential to generate up to $5,500/month ($3,000 main house, $1,500 back unit, $1,000 RV), reflecting an estimated cap rate of 10.07%. Ideal for both investors and owner-occupants seeking additional rental income. Ideally located just one block from Belvedere Elementary School and Conniston Middle School, and only half a block from Bill Moss Hillcrest Paseo Park and the Palm Beach Atlantic University Marshall and Vera Lea Rinker Athletic Campus. Enjoy being just 1.5 miles from the Kravis Center, 7 minutes to the beach, and with convenient access to I-95, downtown West Palm Beach, CityPlace/Rosemary Square, and Palm Beach International Airport. Within walking distance to schools, shopping, and dining.
Listed By: KW Reserve Business Brokerage LLC, 844-456-4647
Cooling:Ceiling Fan(s), Central Air, Wall/Window Unit(s)
Barbecue
Bedroom Layout - Stacked
per month
Principal & Interest
Property Tax
Mortage Insurance
HOA
Home Owners Insurance
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