This fourplex property has a tremendous cash flow generating a gross annual income of $81,600. Value can be further added to this property by raising rents, submetering utilities, installing laundry facilities, or renovating the interiors. All units are occupied and the tenants are on month-to-month leases which could be readjusted to market rents. The City of West Palm Beach collects waste and landlord pays for just the utilities and property taxes. Actual rents yield a 7.23% capitalization rate. The Northwood Historic District is known for its historic charm, diverse architectural styles, and sense of community. Located near the heart of downtown West Palm Beach, offering a variety of shops, restaurants, and cultural venues. On top of blocks away from the beach!
Property Details
Price:
$820,000
MLS #:
RX-10928257
Status:
Active
Baths:
0
Address:
627 32nd Street
Type:
Residential Income
Subtype:
Quad Plex
Subdivision:
NORTHWOOD ADD
City:
West Palm Beach
Listed Date:
Oct 17, 2023
State:
FL
Finished Sq Ft:
3,370
ZIP:
33407
Lot Size:
5,950 sqft / 0.14 acres (approx)
Year Built:
1928
See this Listing
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…
More About CynthiaMortgage Calculator
Schools
Interior
Cooling
Wall- Win A/ C
Flooring
Tile
Heating
Central, Electric
Exterior
Construction
Frame, Stucco
Exterior Features
None
Homeowners Assoc
None
Lot Description
< 1/4 Acre
Roof
Comp Shingle
Waterfront Details
None
Financial
Buyer Agent Compensation
3%%
Taxes
$0
Utilities
Electric, Public Water, Water Available
Map
Community
- Address627 32nd Street West Palm Beach FL
- CityWest Palm Beach
- CountyPalm Beach
- Zip Code33407
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Listing courtesy of Partnership Realty Inc., (561)–355–0270
© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed.
© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed.
627 32nd Street
West Palm Beach, FL
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