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627 32nd Street
West Palm Beach, FL 33407

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Property Details


List Price: $820,000
Beds: 6
Baths: 4
Status: Active
SqFt: 1946
Agency: Partnership Realty Inc.

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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


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.


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