627 32nd Street, West Palm Beach, FL, 33407
6 beds
4 Full baths
1928
3,370 sqft
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!
Status:
Active
Type:
Multi-family
Furnished Remarks:
No
Zoning:
SF7(ci
Subdivision:
NORTHWOOD ADD
Heating:
Central, Electric
Cooling:
Wall-Win A/C
Levels:
1
Parking:
Open Parking, Space Parking
Est. Taxes:
$6,018
Construction
Frame,Stucco
Utilities
Electric,Public Water,Water Available
Lot Description:
< 1/4 Acre
Amenities:
None
MLS #:
RX-10928257
Community Info
School Info
Walk Score
Yelp
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