Additional Details

• Important Details: --> 45 Day post occupancy with $10,000 escrow holdback --> 2025 Roof --> Flood Zone X (No flood insurance needed)
• Features: This 2/1, 981 SQFT home with a 2025 roof, Flood Zone X designation (no flood insurance required), and a 396 SQFT detached garage sits east of US-1 in the highly sought-after Northwood Harbor Historic District of West Palm Beach—an area perfectly positioned for short-term rentals with no HOA. You’re just minutes from vibrant Downtown West Palm Beach and within walking distance to the Intracoastal, Osprey Park, and Northwood Harbor. With the cheapest active listing in our pocket at 450k, this property offers plenty of upside as a flip or a strong addition to your rental portfolio, especially as a high-demand STR. Don’t miss out on this rare opportunity in a prime location.
• Potential ARV: $400,000-$450,000
• Rehab Description: To maximize resale potential, plan to install central AC and fully renovate the interior. Modernize the home by updating the flooring, kitchen, bathrooms, and fixtures/trim, then apply fresh interior and exterior paint and complete a thorough deep clean. On the exterior, replace the wood deck and the fencing for added charm and finish with landscaping to boost curb appeal. Additionally, the 396 SQFT detached garage, already equipped with electrical and plumbing, offers the option to convert it into a mother-in-law suite—a valuable upgrade that adds livable square footage, attracts more buyers, and significantly boosts your ARV to maximize profit potential.
• Comparable Rent: $2500-2800/MO
• Ideal Investment Strategy: Resale/rental
• Construction: FR
• Comp 1: 419 58th Street WEST PALM BEACH, FL 33407 2/1 1056 SQFT 1926 Build SOLD @ $345,000 6/6/25 (Clean/dated)
• Comp 2: 517 45th Street, WEST PALM BEACH, FL 33407 2/1 1050 SQFT 1938 Build SOLD @ $300,000 3/11/25 (Clean/Dated/investor purchase)
• Comp 3: 518 55th Street, WEST PALM BEACH, FL 33407 2/1 1060 SQFT 1957 Build SOLD @ $372,000 3/5/25 (Clean/dated)
• Comp 4: 504 51st Street, WEST PALM BEACH, FL 33407 2/1 1320 SQFT 1950 Build SOLD @ $458,000 7/24/25 (Slightly bigger/updated)
• Comp 5: 518 39th Street, WEST PALM BEACH, FL 33407 2/2 1291 SQFT 1950 Build SOLD @ $540,000 7/15/25 (Slightly bigger with one more bath/ updated)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money