West Palm Beach Townhome

The house is located at 809 8th Way, West Palm Beach, FL 33407 in the Sandalwood Lakes North townhome development. It is a 2 bedroom/2 ½ bath townhome with 1,236 sq ft under air, built in 1983. It needs some work, estimated at $10-12,000 (carpet/flooring, painting, kitchen countertops, kitchen appliances). The after-repaired market value is estimated at $155-160,000 (tax appraisal of $152,000, Zillow value of $170,000). It is a very nice waterfront unit that offers privacy as well as a great view.

The location is convenient to I-95, downtown West Palm Beach and the beach. The community includes a park with a large swimming pool, tennis courts and basketball courts.

“As is” price is $124,900. Including the cost of the repairs, the total investment would leave the buyer with immediate equity in the property of $25,000 or more.

I can discuss alternative financing with a buyer that cannot qualify for a standard mortgage.