4234 Melaleuca Street, West Palm Beach, FL 33406
- $850,000
- 4
- BA
- 3,120
- SqFt
- Sold Price
- $850,000
- List Price
- $850,000
- Days on Market
- 2
- Closing Date
- Dec 21, 2023
- MLS#
- R10939255
- Sq. Ft
- 3,120
- Subtype
- Quadruplex
- County
- Palm Beach
- Subdivision
- Pine Air
- Year Built
- 1972
Property Description
***Amazing Investment Opportunity!*** 2 Separate buildings. 2 units per building. Property is in Excellent condition with Great tenants. Separate water & Electric each unit. Laundry in each unit. All units have been remodeled except 1. Owner only pays landscape, taxes and insurance. Very low overhead. Currently bringing in $7,400 per month but rents could be raised to reach $8,000 monthly. Great 1031 exchange property of for the 1st time investor. Property is turn key ready. New Septic, new drain field, piping and lift station. Newer roof and A/C Unit 1 Lease end 7/2024 - $1,800 Unit 2 Lease end 7/2024 - $1,900 Unit 3 Lease ends 9/2024 - $1,800 UNit 4 Lease end 7/2024 - $1,900 All units should rent for $2,000 per area market rents. Photos are current and accurate.
/u.realgeeks.media/homesforsaleinwellington/400dpiLogoHorizontal.png)
Additional Information
- Construction
- Block, Concrete
- Cooling
- Central Air
- Flooring
- Ceramic Tile
- Heating
- Central
- Restrict
- OkToLease
- Roof
- Composition
- Taxes
- $8,480
- Amenities
- Park
- Waterfront
- None
- Stories
- 1
- Acres
- 0.40
- Price Per Sqft
- $272
Mortgage Calculator
Listing courtesy of The Keyes Company. Contact: 561-577-0398
Selling Office: The Keyes Company.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Michael J Johnston | Email: michael@johnstonhometeam.com