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516 20th Street A, West Palm Beach, FL 33407 (MLS# R10448186)

516 20th Street A, West Palm Beach, FL 33407

$310,000
Property Type: Residential Income Square Footage: 2,760 Status: Closed
Current Price: $310,000 List Date: 8/02/2019 Last Modified: 5/17/2026

Overview

Description

Long-term tenants with below market rent on two of the three units. Current monthly gross is $3,200 potential monthly gross is $3,550, annual current gross income is $38,400, potential annual gross income is $42,600. Operating expenses are property taxes : $3,442 property insurance (optional ) $1,943, general liability (optional) $458, lawn $900 a year total expenses $6,743.69 Current net annual income is $31,656, potential net annual income is $35,856. Actual cap rate is 8.50%, potential cap rate is 9.56%.

Listing Details MLS# R10448186

General Property Information

Property Sub Type
Triplex
Building Area Main
2760
Building Area Source
Public Records
Living Area Main
2520
Year Built
1961
Lot Size Area
7505
Lot Size Acres
0.17
Lot Size Dimensions
50.0 ft x 0.0 ft
Senior Community YN
No
Stories
2
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: Accounting Statements; Copy Of Lease(s); Deposit Held Fencing: Fenced Flooring: Ceramic Tile Property Condition: Resale Tenant Pays: Cable TV; Electricity; Water Source Of Expenses: Books Construction Materials: Block; CBS; Concrete Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: None Listing Terms: Cash; Conventional Lot Features: Room for Pool Possession: Negotiable Restrictions: No Restrictions Roof: Other Tax Information: City/County Utilities: Cable Available Water Access: None Window Features: Blinds Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Office Unit 1 Appliances: Range; Refrigerator Unit 1 Interior Features: Split Bedroom Plan Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Kitchen; Separate Dining Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Open Parking Unit 2 Rooms: Kitchen; Separate Dining Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Open Parking Unit 3 Rooms: Kitchen; Separate Dining Contingencies: None Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
375000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
516
Street Name
20th
Street Suffix
Street
Unit Number
A
City Name
West Palm Beach
State Or Province
FL
Postal Code
33407
Postal Zip
33407
Subdivision Name
PLEASANT CITY
Area
5420
Geographic Area
PB20
Parcel Number
74434316150020040
Zoning
MF14(c
Directions
West of Dixie.
Multiple Offers Accepted
Yes

Financial Information

Tax Annual Amount
3441.66
Tax Year
2017
Tax Legal Description
PLEASANT CITY LT 4 BLK 2

Status Change Information

Major Change Timestamp
2020-02-04T17:46:45Z
Major Change Type
Status Change
Price Change Timestamp
2019-04-17T13:12:57Z
Status Change Date
2020-02-04
Under Contract Date
2019-11-12
Close Date
2020-01-22
Close Price
310000
Buyer Financing
Conventional

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
6744
Gross Income
38400

Unit 1 Details

Actual Rent
1200
Baths Full
2
Furnished
Unfurnished
SqFt
0

Unit 2 Details

Actual Rent
1000
Baths Full
Yes
Furnished
Unfurnished
SqFt
1300

Unit 3 Details

Actual Rent
1000
SqFt
680

Unit 4 Details

SqFt
680
Actual Rent
0

Price Calculations

Current Price To SqFt
123.01
Original List Price To Close Price
1.2

Originating Details

Originating System Key
20180716205628536685000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Flooring

Ceramic Tile
Yes

Property Condition

Resale
Yes

Documents Available

Accounting Statements
Yes
Copy Of Lease(s)
Yes
Deposit Held
Yes

Fencing

Fenced
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Water
Yes

Possession

Negotiable
Yes

Utilities

Cable Available
Yes

Heating

None
Yes

Water Access

None
Yes

Window Features

Blinds
Yes

Construction Materials

Block
Yes
CBS
Yes
Concrete
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Room for Pool
Yes

Roof

Other
Yes

Source Of Expenses

Books
Yes

Cooling

Ceiling Fan(s)
Yes
Wall/Window Unit(s)
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Office
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes

Contingencies

None
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Interior Features

Split Bedroom Plan
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes
Smoke Detector(s)
Yes

Unit 1 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 1 Rooms

Kitchen
Yes
Separate Dining
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes
Smoke Detector(s)
Yes

Unit 2 Parking Features

Open Parking
Yes

Unit 2 Rooms

Kitchen
Yes
Separate Dining
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Other Equipment

Air Conditioning Unit
Yes

Unit 3 Parking Features

Open Parking
Yes

Unit 3 Rooms

Kitchen
Yes
Separate Dining
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: KSR Properties
IDX
Last Updated: May - 17 - 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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