Address: 512 Independence Rd, West Palm Beach, FL 33405
Beds/Baths: 4 Bed / 2 Bath
Living Area: 1,030 sqft per tax records
Seller-Reported Size: Approximately 1,300 sqft
Year Built: 1955
Property Type: Single Family Residence
Lot Size: 5,150 sqft
Zoning: SF7
HOA: No HOA
Pool: No
Construction: CBS / Concrete Block
Roof: Shingle
Parking: Driveway / Guest Parking
Water: Municipal
Sewer: Public Sewer
PRICING:
Purchase Price: $479,900
Estimated ARV: $600,000
Purchase Price % of ARV: 79.98%
CURRENT CONFIGURATION:
Currently configured as two separate living areas with independent entrances.
The garage has been converted into a separate efficiency with its own kitchen, independent from the main 4-bedroom / 2-bath living area.
Public-facing records classify the property as a single-family residence, while the current listing confirms that it is presently set up as two units with separate entrances. Buyer should independently verify permitting and legal use of the additional unit.
PROPERTY CONDITION:
Condition: Needs updating / improvements.
A/C: 2017
Electrical: Entire system updated
Plumbing: No known issues
Water Heater: 2020
Impact Windows: No
Roof: Shingle
Title: Clean
Exterior: Fully fenced backyard with room for a pool.
Solar: Approximately 20 solar panels / 8,000-watt system reported in the current listing.
RENTAL POTENTIAL:
Estimated Average LTR: $3,126 / Month
Estimated Average STR: $8,383 / Month
Separate entrances and the additional efficiency provide multiple potential rental configurations, subject to buyer verification of permitted use.
INVESTMENT HIGHLIGHTS:
Purchase at 79.98% of estimated ARV.
$120,100 spread between purchase price and $600K estimated ARV before repairs, closing costs and holding costs.
4 Bed / 2 Bath main configuration.
Separate efficiency with its own kitchen.
Two independent entrances.
Updated electrical system.
2017 A/C.
2020 water heater.
No HOA.
CBS construction.
Fully fenced backyard.
Room for a future pool.
Approximately 20 solar panels reported.
CONTACT:
For additional property details, walkthrough instructions, or to submit an offer, please contact:
Mike Graham
NexKey Collective
Phone: (917) 746-5159
BUYERS, PLEASE CONDUCT YOUR DUE DILIGENCE.
More About This Property
Nearby Deals
Nearby Markets12 cities · 7 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
500 deals visible on map
Zoom in to see deals.
Zoom in to see deals
ARV $600,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $577,000.
