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1006 10th Street, West Palm Beach, FL 33401 (MLS# R11020873)

1006 10th Street, West Palm Beach, FL 33401

$725,000

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https://www.propertypanorama.com/1006-10th-Street-West-Palm-Beach-FL-33401/unbranded

Property Type: Residential Income Square Footage: 3,180 Status: Closed

Current Price: $725,000 List Date: 9/13/2024 Last Modified: 5/28/2026

Overview

Description

GREAT INVESTMENT OPPORTUNITY!!! 8-9% gross cap% with potential for more. Long term tenants in three units on 12 month leases and one vacant unit with an interested prospect already (see rental listing) Professionally managed by OCS LLC. Concrete wall added 2022 making it a gated building for the tenants. Central air in all units, new HVAC system in unit 2 and 3. CBS building, recently passed city of WPB code inspection & rental license in place. Bottom units have private rear courtyard (potential to up the rent in these units!) This building is your key to a ground floor opportunity in a rapidly growing area. Management company can stay on at your discretion.

Listing Details MLS# R11020873

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 3180
Building Area Source: Public Records
Living Area Main: 2852
Year Built: 1965
Gated Community YN: Yes
Lot Size Area: 3685
Lot Size Acres: 0.08
Senior Community YN: No
Stories: 2
Pool Private YN: No
Spa YN: No

Property Features

Association Amenities: None Documents Available: Accounting Statements; Copy Of Lease(s); Deposit - Security; Service Contracts Electric: Three Phase Fencing: Fenced Flooring: Ceramic Tile; Tile Leasing Permitted Details: Okay To Lease Property Condition: Resale Structure Type: Quadruplex Tenant Pays: Cable TV; Electricity; Water Source Of Expenses: Other Construction Materials: CBS; Concrete Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional; Trade Possession: Close Of Escrow Restrictions: Lease OK Roof: Composition Sewer: Public Sewer Tax Information: No Homestead Utilities: Cable Available; Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent; Occupied; Schedule Online Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Parking Space Unit 4 Rooms: Kitchen Contingencies: Appraisal; Inspection Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 725000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1006
Street Name: 10th
Street Suffix: Street
City Name: West Palm Beach
State Or Province: FL
Postal Code: 33401
Postal Zip: 33401
Subdivision Name: FRESHWATER ADD TO WPB
Area: 5420
Geographic Area: PB20
Elementary School: Roosevelt
Middle Or Junior School: Conniston Community
High School: Forest Hill
Special Assessment YN: No
Parcel Number: 74434316010150022
Zoning: NWD-2(
Directions: I95 - PALM BEACH LAKES - EAST to Tamarind Ave - SOUTH to 10th Street.
Multiple Offers Accepted: Yes

Financial Information

Tax Annual Amount: 7965.06
Tax Year: 2023
Tax Legal Description: FRESHWATER ADD TO WPB AMNDED N 1/2 OF LT 2 BLK 15

Status Change Information

Major Change Timestamp: 2024-10-24T15:43:08Z
Major Change Type: Status Change
Status Change Date: 2024-10-24
Under Contract Date: 2024-09-20
Close Date: 2024-10-21
Close Price: 725000
Buyer Financing: Conventional

More Information

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 18000
Gross Income: 59400
Net Operating Income: 44000

Storm Protection

Panel Shutters: Complete

Unit 1 Details

Actual Rent: 1125
Baths Full: Yes
Furnished: Unfurnished
SqFt: 750

Unit 1 Lease Description

Lease Expiration: 2024-10-31

Unit 2 Details

Actual Rent: 1300
Baths Full: Yes
Furnished: Unfurnished
SqFt: 750

Unit 2 Lease Description

Lease Expiration: 2025-09-30

Unit 3 Details

Actual Rent: 1275
Baths Full: Yes
Furnished: Unfurnished
SqFt: 750

Unit 3 Lease Description

Lease Expiration: 2024-11-30

Unit 4 Details

Actual Rent: 1250
Baths Full: Yes
Furnished: Unfurnished
SqFt: 750

Unit 4 Lease Description

Lease Expiration: 2025-05-31

Price Calculations

Current Price To SqFt: 254.2
Original List Price To Close Price: Yes

Originating Details

Originating System Key: 20240911154304159220000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

None: Yes

Electric

Three Phase: Yes

Flooring

Ceramic Tile: Yes
Tile: Yes

Property Condition

Resale: Yes

Documents Available

Accounting Statements: Yes
Copy Of Lease(s): Yes
Deposit - Security: Yes
Service Contracts: Yes

Fencing

Fenced: Yes

Structure Type

Quadruplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

Heating

Central: Yes

Water Access

None: Yes

Construction Materials

CBS: Yes
Concrete: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Trade: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Source Of Expenses

Other: Yes

Cooling

Central Air: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes
Occupied: Yes
Schedule Online: Yes

Restrictions

Lease OK: Yes

Tax Information

No Homestead: Yes

Contingencies

Appraisal: Yes
Inspection: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Parking Features

Parking Space: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Realty Today Inc.

Last Updated: May - 28 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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1006 10th Street, West Palm Beach, FL 33401 (MLS# R11020873)