Rare Southland Park opportunity on an oversized 9,583 sq ft. fully
fenced lot. This newly renovated 5BR/4.5BA home offers the charm
and location buyers want near the Intracoastal and Downtown West
Palm Beach, with ONE major advantage: home is not historically
designated, giving future owners added flexibility to explore
expansion or additions, subject to approvals. The home features
impact windows and doors, updated all major systems, chef's kitchen
with gas cooking, Taj Mahal quartz countertops, and a walk in wine
cellar. The layout includes bedroom suites on both levels, offering
first floor flexibility for guests, family, or multigenerational
living, while the upstairs primary suite provides privacy. Pool,
renovated, and rare lot size make this a move-in ready home with
long term upside
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Parking Features: Attached, Concrete, Driveway, Garage, On Street
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Eat-in Kitchen, Kitchen Island, Soaking Tub, Bar, Walk-In Closet(s), BedroomOnMainLevel, Bathtub, ClosetCabinetry, DualSinks, LivingDiningRoom, CustomMirrors, SeparateShower, UpperLevelPrimary
Appliances: Cooktop, Dryer, Dishwasher, Freezer, Gas Cooktop, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave, Oven, Range, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Heater, Wine Refrigerator, Washer
Flooring Type: Tile, Vinyl
Laundry Features: Inside, Laundry Room
Rooms: 3
Has Fireplace
Fireplace Features: Wood Burning
Exterior Details
Square Footage: 2436
Square Footage Source: $0
Security Features: Security System Leased, Carbon Monoxide Detector(s), Smoke Detector(s)
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