4338 Forest Rd West Palm Beach, FL 33406
Pine Air NeighborhoodEstimated payment $7,433/month
Highlights
- Water Views
- Marble Flooring
- Patio
- Fruit Trees
- Impact Glass
- Central Heating and Cooling System
About This Home
Exceptional investment opportunity! QUADPLEX PLUS LAND LOT! This updated quadplex with no HOA offers impact windows throughout plus separate water & electric meters for each unit. The property is 100% occupied with great tenants, generating a super strong cap rate!Included in the sale is the adjacent vacant land lot 0 Preston Dr, bringing the total combined lot size to over half an acre. This prime land unlocks tremendous upside potential for future development, additional units, or value-add opportunities in a high-demand rental market.Whether you're looking for steady rental income, expansion opportunities, or a high-performing asset in a sought-after location, this property checks all the boxes. Don't miss out on this rare multifamily + land package!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,814
Year Built
- Built in 1988
Lot Details
- 0.28 Acre Lot
- Fruit Trees
Home Design
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,084 Sq Ft Home
- 1-Story Property
- Water Views
- Impact Glass
Flooring
- Marble
- Ceramic Tile
Outdoor Features
- Patio
Utilities
- Central Heating and Cooling System
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 00424412020000631
Community Details
Overview
- 4 Units
- Bergantino Est Subdivision
Building Details
- Operating Expense $15,316
- Net Operating Income $71,684
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,814 | $411,604 | -- | -- |
| 2023 | $8,215 | $374,185 | $149,136 | $300,288 |
| 2022 | $7,594 | $340,168 | $0 | $0 |
| 2021 | $6,813 | $309,244 | $97,607 | $211,637 |
| 2020 | $8,234 | $389,353 | $156,000 | $233,353 |
| 2019 | $6,607 | $350,427 | $144,000 | $206,427 |
| 2018 | $5,915 | $332,856 | $121,622 | $211,234 |
| 2017 | $5,241 | $277,379 | $101,351 | $176,028 |
| 2016 | $4,984 | $190,053 | $0 | $0 |
| 2015 | $4,394 | $172,775 | $0 | $0 |
| 2014 | $4,153 | $157,068 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/24/2025 02/24/25 | For Sale | $1,200,000 | +155.3% | $389 / Sq Ft |
| 10/17/2019 10/17/19 | Sold | $470,000 | -5.8% | $152 / Sq Ft |
| 09/17/2019 09/17/19 | Pending | -- | -- | -- |
| 08/17/2019 08/17/19 | For Sale | $499,000 | -- | $162 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $470,000 | Attorney | |
| Warranty Deed | $225,000 | Unity Title & Escrow Inc | |
| Warranty Deed | $325,000 | Fidelity National Title Insu | |
| Warranty Deed | $260,000 | Fidelity National Title Ins | |
| Warranty Deed | $186,500 | Fidelity National Title Ins | |
| Warranty Deed | $144,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $412,087 | FHA | |
| Previous Owner | $170,250 | Balloon | |
| Previous Owner | $369,000 | Unknown | |
| Previous Owner | $260,000 | Purchase Money Mortgage | |
| Previous Owner | $208,000 | No Value Available | |
| Previous Owner | $184,501 | FHA | |
| Previous Owner | $138,037 | FHA | |
| Closed | $26,000 | No Value Available |
Source: BeachesMLS
MLS Number: R11065545
APN: 00-42-44-12-02-000-0631
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