627 32nd Street
West Palm Beach,
FL
33407
Property Details
List Price: |
$820,000 |
Beds: |
6 |
Baths: |
4 |
Status: |
Active |
SqFt: |
1946 |
Agency: |
Partnership Realty Inc. |
Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1928 |
Notes: |
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! |
MlsNumber: |
RX-10928257 |
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Listing Provided By: |
Partnership Realty Inc., original listing |
Name: |
Partnership Realty Inc. |
Phone: |
(561) 355-0270 |
Office Name: |
Partnership Realty Inc. |
Office Phone: |
(561) 355-0270 |
Agent Name: |
Gustavo A Chaux |
Disclaimer: |
Copyright © 2024 BeachesMLS / Flexmls. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |