1620 Avenue E West Palm Beach FL 33404 MLS #RX-10451867

1620 Avenue E
West Palm Beach, FL, 33404
$1,000,000
Beds
0 Baths
SqFt
0.31 Acres
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Investment Property in the path of progress. The property has undergone extensive renovations, including Brand New Roof, Central HVAC, Interior Tile, exterior facade, Hurricane / Accordion Security Shutters and much more. Building consists of 5 units, all of which are leased to small churches. There is a waiting list to get into this property.*** OWNER IS A BROKER AND IS WILLING TO CONTINUE DOING MANAGEMENT AND LEASING FOR NEW BUYER. NOI is $52,780Full price offers only…. 6% CAP

Property Details

Price:
$1,000,000
MLS #:
RX-10451867
Status:
Active
Baths:
0
Address:
1620 Avenue E
Type:
Commercial
Subtype:
Industrial
Subdivision:
INLET GROVE IN PB 6 P 87 & PB 8 P 14
City:
West Palm Beach
Listed Date:
Jul 30, 2018
State:
FL
ZIP:
33404
Lot Size:
13,503 sqft / 0.31 acres (approx)
Year Built:
1966
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Cynthia Nalley

Cynthia Nalley

Managing Broker

Cell Phone 561 309-7770

Cynthia Nalley is Co-Broker of Acquire Palm Beach and manages the business operations in addition to real estate transactions. She is a Project Management Professional (PMP) who has created technology systems and managed complex projects for SunTrust, Citibank, JP Morgan Chase, and many more. Cynthia is a longtime Downtown West Palm Beach resident and advocate. She serves on the WPB Downtown Development Authority Board of Directors and is Vice President of the WPB Downtown Neighborhood Associa…

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Schools

Interior

Cooling
Central Individual, Electric
Flooring
Tile
For Lease
Yes
Heating
Central Individual, Electric

Exterior

% Air Conditioned
100.00
Construction
Block, C B S, Concrete
Min Lease Months
36.00
Roof
Built- Up
Security
Security Light

Financial

Buyer Agent Compensation
2%%
Net Operating Income
$43,500
Utilities
1-100 Amp, Cable, Electric, Municipal Water, Separate Meter

Map

Community

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Listing courtesy of H. Alan Welles Real Est, LLC, (561)–744–8900

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1620 Avenue E
West Palm Beach, FL