Home » West Palm Beach » 518 Biscayne Drive, West Palm Beach, FL 33401 | R11052500/RX-11052500

For Sale 518 Biscayne Drive, West Palm Beach, FL 33401

$1,250,000

Property Highlights

Listing ID R11052500/RX-11052500 Status of this Listing: Active For Sale Property Type Residential Income (Multifamily 2-4) Living Space 3,372 Sqft/313.27 m2 approx. Building Area 3,612 Sqft/335.57 m2 approx. Lot area 6,250 Sqft/580.64 m2 approx. Year Built 1925 Time of this property on Rebonus 15 Day(s)

518 Biscayne Drive, West Palm Beach, FL 33401

Property Description: 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 (2014) and updated barrel tile roof. Plumbing is originally cast iron and much has been replaced with PVC.

Useful Info

Original List Price:$1,250,000

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
  • Sprinklers Automatic
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Units Total:4
Property Condition:
  • Resale
Levels:Two
Construction Materials:
  • Frame
Flooring:
  • Wood
  • Ceramic Tile
  • Hardwood
Stories:2

Property Features

Waterfront:No
Roof:
  • Barrel
  • Built-up
  • Tar/gravel
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$15,905

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024

Terms

Disclosures:
  • Pet On Property
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • 1031 Exchange
Buyer Possession:
  • Close Of Escrow
Tenant Pays:
  • Exterior Electric
Lease Considered:No

Community

Subdivision Name:FLAMINGO PARK IN
Community Features:
  • Non-gated
Complex Name:FLAMINGO PARK IN
Senior Community:No
Restrictions:No Restrictions

Parking

Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available
  • Electricity Available
  • Sewer Available
  • Water Available

More Details

Other Information:
Housing Older Persons ActNo HOPA
Data exchange original Listing NumberRX-11052500
Ref1102868190

Zoning and Legal

Tax Legal Description:FLAMINGO PARK LT 3 BLK 19
Real Estate Folio Number (Parcel Number):74434328060190030
Zoning Description:SF14(c

Listing History

Update/EventDate/Days
Published Date:January 15, 2025 9:37 am
On Market Date:January 14, 2025
Listing Contract Date:January 14, 2025
Last Important Update Description:New Listing
Date and Time of Last Important Update:January 15, 2025 9:47 am
Status Last Changed:January 15, 2025 12:00 am
Photos Last Modified:January 15, 2025 4:32 pm
Last Modified:January 29, 2025 10:52 pm
Days on the Market Reference Date:January 29, 2025
Days on the Market (updated on Last Modified*):15
Cumulative Days on the Market (updated on Last Modified**):15

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot, 1/4 Acre Or Less
Number of Photos:28
Location:,
Included:,,
Geographical Area:Palm Beach 5420; 5430; 5440
Area:5430
Automated Valuation Display:Yes
Courtesy of:49 Units, LLC
Universal Property Id:US-12099-N-74434328060190030-R-N

Location

Show Property Address:Yes
Street Name:Biscayne Drive
Street Number:518
Street Address:518 Biscayne Drive
City : West Palm Beach
State : Florida
Zip Code : 33401
County : Palm Beach
Full Address:518 Biscayne Drive, West Palm Beach, FL 33401
Latitude:N26° 41' 42.6''
Longitude:W81° 56' 36''

Neighborhood

Postal City:West Palm Beach

Property Map