401 Southwind Drive North Palm Beach FL 33408 MLS #RX-10980489

401 Southwind Drive
North Palm Beach, FL, 33408
$3,450,000
Beds
0 Baths
SqFt
0.35 Acres
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DO NOT DISTURB TENANTS….Fully Remodeled, New Everything, 8 Unit Apartment Building, Each Unit Separate Electric and Water Meters. Each Unit has 3 Bedrooms and 2 Bathrooms with Balconies and/or Fenced in Yards. Income and Expenses on MLS under Documents with Room to Raise Rents. All Tenants On Annual Leases, with Rent Increases Scheduled Annually Per Lease. Each Tenant was screened and Paid $6,300 or More w/ Pet Fee at Move In, 1st Month, Last Month, & 1 Month Deposit. This is a Great Building that will require No Work as over $500,000 was put into the building in the start of 2020, As you see the Photos. Every Unit looks like the photos completely redone & Balconies Look onto the Water, 1st Floor Patios have Fenced yards.

Property Details

Price:
$3,450,000
MLS #:
RX-10980489
Status:
Active
Baths:
0
Address:
401 Southwind Drive
Type:
Commercial
Subtype:
MultiFamily (5+ Units)
Subdivision:
NORTH PALM BEACH VILLAGE OF 3
City:
North Palm Beach
Listed Date:
Apr 22, 2024
State:
FL
ZIP:
33408
Lot Size:
15,245 sqft / 0.35 acres (approx)
Year Built:
1968
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Michael has helped hundreds of people acquire and sell properties in Palm Beach County, Florida over the last 10+ years. He has surrounded himself with industry professionals that allow his clients to thrive in our ever-changing real estate landscape. After graduating from the University of Wisconsin, Michael migrated to South Florida in 2005 to join his family and escape the cold weather. He began his real estate career in Southwest Florida as a manager for a real estate developer in new home…

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Schools

Interior

Cooling
Ceiling Fan, Central
Flooring
Ceramic Tile
For Lease
No
Heating
Central

Exterior

% Air Conditioned
100.00
Construction
C B S
Roof
Tar/ Gravel

Financial

Buyer Agent Compensation
2%%
Gross Operating Income
$239,700
Net Operating Income
$209,200
Utilities
Cable, Electric, Public Sewer

Map

Community

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