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2840 Avenue S, West Palm Beach, FL 33404 (MLS# R10239519)

2840 Avenue S, West Palm Beach, FL 33404

$295,000
Property Type: Residential Income Square Footage: 3,108 Status: Closed
Current Price: $295,000 List Date: 8/24/2016 Last Modified: 5/20/2026

Overview

Description

Excellent, Turn-Key Investment opportunity. TRUE 10% CAP RATE. This 4-plex has been completely renovated this year at a cost of over $120,000. Two - 2-bed/1 bath Units; Two 3 bed/1 bath units. All units have laminate flooring throughout, knock down finish on walls and ceiling, freshly painted, new kitchen cabinets, new appliances, new bathroom tile and fixtures, new central AC units, new water heaters. All code compliance work done! Unit 2 Leased at $900 per month, Section 8, Unit 3 lease pending at $900 per month. Units 1 & 4 listed for $1,200 per month. Owner is being very selective with tenants to assure a turn-key investment to your buyer. See attached pro forma for projected returns and detailed expenses.

Listing Details MLS# R10239519

General Property Information

Property Sub Type
Quadruplex
Building Area Main
3108
Building Area Source
Public Records
Living Area Main
3108
Year Built
1965
Lot Size Area
8886
Lot Size Acres
0.2
Lot Size Dimensions
99.0 ft x 0.0 ft
Senior Community YN
No
Stories
Yes
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: Copy Of Lease(s); Investment Analysis Exterior Features: None Flooring: Ceramic Tile; Laminate Property Condition: Resale Tenant Pays: Electricity Source Of Expenses: Pro Forma Construction Materials: CBS Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional Possession: Negotiable Restrictions: Other Restrictions Other Leasing Restrictions: Tenant Approval Roof: Composition Sewer: Public Sewer Tax Information: City/County Utilities: Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Showing Requirements: Appointment Only; Combination Lock Box; See Remarks Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Parking Space Contingencies: Other Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
330000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
2840
Street Name
Avenue S
City Name
West Palm Beach
State Or Province
FL
Postal Code
33404
Postal Zip
33404
Subdivision Name
ACREHOME PARK
Area
5280
Geographic Area
PB26
Parcel Number
56434229010000370
Zoning
RM-15(
Directions
Blue Heron to Avenue S, Left on Avenue S, Property on the right hand side of the street.

Financial Information

Tax Annual Amount
1502.3
Tax Year
2015
Tax Legal Description
ACREHOME PARK LT 37 TRGLR PT OF S 1/2 OF BASEBALL PARK IN OR26382P767 & ABND PT OF 10 FT ACREHOME AVE LYG BET (LESS N

Status Change Information

Major Change Timestamp
2016-12-07T15:47:54Z
Major Change Type
Status Change
Price Change Timestamp
2016-10-11T14:33:55Z
Status Change Date
2016-12-07
Under Contract Date
2016-11-01
Close Date
2016-11-23
Close Price
295000
Buyer Financing
Cash

More Information

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
14673
Gross Income
50400
Net Operating Income
33207

Unit 1 Details

Actual Rent
1200
Baths Full
Yes
Furnished
Unfurnished
SqFt
830

Unit 2 Details

Actual Rent
900
Baths Full
Yes
Furnished
Unfurnished
SqFt
750

Unit 3 Details

Actual Rent
900
Baths Full
Yes
Furnished
Unfurnished
SqFt
750

Unit 4 Details

Actual Rent
1200
Baths Full
Yes
Furnished
Unfurnished
SqFt
830

Price Calculations

Current Price To SqFt
94.91
Original List Price To Close Price
1.11

Originating Details

Originating System Key
20160601155708708577000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Exterior Features

None
Yes

Flooring

Ceramic Tile
Yes
Laminate
Yes

Property Condition

Resale
Yes

Documents Available

Copy Of Lease(s)
Yes
Investment Analysis
Yes

Tenant Pays

Electricity
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

View

Garden
Yes

Heating

Central
Yes

Water Access

None
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Composition
Yes

Water Source

Public
Yes

Source Of Expenses

Pro Forma
Yes

Cooling

Central Air
Yes

Showing Requirements

Appointment Only
Yes
Combination Lock Box
Yes
See Remarks
Yes

Restrictions

Other Restrictions
Yes

Other Leasing Restrictions

Tenant Approval
Yes

Tax Information

City/County
Yes

Contingencies

Other
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Parking Space
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes

Unit 2 Parking Features

Parking Space
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Other Equipment

Air Conditioning Unit
Yes

Unit 3 Parking Features

Parking Space
Yes

Unit 4 Appliances

Range
Yes
Refrigerator
Yes

Unit 4 Other Equipment

Air Conditioning Unit
Yes

Unit 4 Parking Features

Parking Space
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: Home Source Inc.
IDX
Last Updated: May - 20 - 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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