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805 20th Street

$700,000

805 20th Street, Riviera Beach, FL 33407

Active
Last Updated: 06/10/2026

62,800

NOI

2,944 sqft

Building Size

Details:
NOI:    $62,800
Building Size:    2,944 sqft
Units:    3
Year Built:    1929
Floors:    2
Gross Leaseable Area:    2,716
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot, Less Than 1 Acre
  • Building Features: Outside Storage
  • Gross Income: 72600
  • Bathrooms Total: 4
  • Documents Available: Copies Of Lease(S)
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Window/Wall
  • Electric: 3 Phase Electric
  • Flooring: Vinyl
Description:

Rare investment opportunity with a front single-family home (3/1, approx. 1,600 SF) and a two-story duplex in the rear. Duplex includes a 4/2 upstairs $2,000 per month lease expires 6/30/27. 3/1 downstairs $1,800 until April 2027. Front house leased for $2,400 month-to-month creating flexibility for rental increases or future redevelopment. Total rents up to $6,200 or more. Front home features A/C (2018), . Rear units include newer wall A/Cs and water heater (2016). Below-market rents provide built-in value-add. Drive-by only--please do not disturb tenants. According to the West Palm Housing Authority, market rates for a 3-bedroom unit are $2,590 and for a 4-bedroom unit are $3,130. Additional Features: Utilities: Three separate electric meters, one shared water meter (average $300 per month) Lawn care: Approximately $60 per month Investment Highlights: Immediate Upside: Rents are currently below market, with the opportunity to increase to align with West Palm Housing Authority rates, totaling $8,310 per month across all units. Strong Rental Demand: Close to employment hubs, Clematis Street, and major transit routes including I-95, Brightline, and Palm Beach International Airport. Area Revitalization: Northwood is undergoing significant redevelopment, leading to increasing property values and rental demand. Strategic Location: Steps from the Northwood Historic District, 1.8 miles from downtown West Palm Beach, and minutes from the Intracoastal. Why Invest Here? This property offers strong rental income potential, a prime location, and long-term appreciation, making it an excellent investment for steady cash flow and future growth. Whether you are looking to maximize rental income or owner-occupy a unit, this opportunity provides flexibility and potential in one of South Florida's most promising markets.

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