513 N Sapodilla Ave, West Palm Beach, FL 33401

This property currently has a 6 plex each 2/1's and then there is a 5 bedroom house and a vacant space. The property is zoned multi-use so one could potentially build on the vacant space another multi unit or even mixed commercial and residential.The location is very close to downtown West Palm and going to be a great future location for development but currently a hot rental area as places don't stay vacant long. Currently a low income neighborhood but city has done quote a few improvements and build outs, beautification of the street. Currently the units are all gutted but the 6 plex has a new roof and new electrical and the single family has new plumbing and electrical. But all the units are gutted and will need to be completely redone. I have a quote from two contractors to redo all the units and single family for $30k. There is also a utility lien for $12-$14k and a lien for another building which is being sorted currently. Potential income as follows.2/1's currently rent for $600-$750 in this area5 bed house rents section 8 for $1800But conservatively - 2/1's $3,600 house - $1400 Potential Gross Income - $5000.