Address627 32Nd St, West Palm Beach, FL, 33407
Price$820,000
- 6 Beds
- 4 Baths
- Multi-unit
- 3,370 SQ FT
- Built in 1928
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!
Essential Information
- MLS® #RX-10928257
- Price$820,000
- HOA Fees$0
- Taxes$6,018 (2022)
- Bedrooms6
- Bathrooms4.00
- Full Baths4
- Square Footage3,370
- Acres0.14
- Price/SqFt$243 USD
- Year Built1928
- TypeMulti-Unit
- Sub-TypeQuad Plex
- RestrictionsNone
- StyleNo
- StatusActive
Community Information
- Address627 32Nd St
- Area5410
- SubdivisionNORTHWOOD ADD
- CityWest Palm Beach
- CountyPalm Beach
- StateFL
- Zip Code33407
Amenities
- Parking Spaces6
- WaterfrontNone
Interior
- HeatingCentral, Electric
- CoolingWall-Win A/C
- # of Stories1
Exterior
- Exterior FeaturesNone
- Lot Description< 1/4 Acre
- RoofComp Shingle
- ConstructionFrame, Frame/Stucco
Additional Information
- Days on Website215
- ZoningSF7(ci
Listing Details
- OfficePartnership Realty Inc.
Utilities
3-Phase Electric, Public Water, Water Available
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