627 32nd Street

$820,000

West Palm Beach, FL 33407

Property Details

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!

RX-10928257
Oct 13, 2023
NORTHWOOD ADD
None
1
2022
None
Last Updated: Jun 17, 2024
Brokered By Partnership Realty Inc.
Listed By Gustavo A Chaux

Directions

NORTHBOUND ON AUSTRALIAN, RIGHT ON 25TH ST, LEFT ON PINEWOOD AVE, RIGHT ON 32ND ST

Beaches MLS

This information is believed to be accurate, but without warranty.