Overview
Closing Costs Calculator- Status: Active
- Parking No info
- Size: 1,946 ft2/180.79 m2
- Price Per: $421.38 ft2/$4,535.67 m2
- Type: Multifamily
- Built: 1928
- HOA: No info
- MLS Number: RX-10928257
- View No info
- On Site: 192 days
- Updated: 191 Days Ago
- Page Views: 1
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!
Contact AdvisorDevelopment Amenities
Development Amenities:
- Basketball Court
- Bike And Jog Path
- Boating
- Cabana
- Clubhouse / Clubroom
- Community Room
- Dog Park
- Extra Storage
- Picnic Area
- Pool
- Sidewalk
- Street Lights
- Tennis Court
Price History
Date | Event | Price | Change Rate | Price Per |
---|---|---|---|---|
10/17/2023 | Listed | $820,000.00 | $137.82 ft2/$1,483.43 m2 |
Features
Property Details for 627 32nd, West Palm Beach, FL 33407
- Bedrooms
- Bedrooms: No info
- Bedroom Description: No info
- Bathrooms
- Full Bathrooms: 0
- Half Bathrooms: No info
- Master Bathroom Description: No info
- Exterior and Lot Features
- Exterior Features: None
- View: No info
- Interior, Heating and Cooling
- Interior Features: No info
- Appliances: No info
- Heating Description: Central, Electric
- Cooling Description: No info
- Building and Construction
- Floor Description: Tile
- Windows/Treatment: No info
- Construction Type: Frame, Stucco
- Year Built: 1928
- Waterfront and Water Access
- Waterfront Property: Yes
- Waterfront Frontage: No info
- Waterfront Description: None
- Water Access: No info
- Water Description: No info
- School Information
- Elementary School: No info
- Middle School: No info
- High School: No info
- Other Property Info
- Community Name: Northwood Add
- Subdivision Name: NORTHWOOD ADD
- Property Type: Multifamily
- Property Subtype: Quad Plex
- Type of Association: Homeowners
- Garage Spaces: No info
- Listing Date: 10/17/2023
- Restrictions: None
- Directions: NORTHBOUND ON AUSTRALIAN, RIGHT ON 25TH ST, LEFT ON PINEWOOD AVE, RIGHT ON 32ND ST
- Pets Allowed: No
- Area: 5410
- Brokered By: Partnership Realty Inc.
- Taxes, Fees & More
- Maintenance/HOA Fees: No info
- Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $6,018.00 (2022)