618 32nd St ,Quadruplex, Northwood Add for Sale

618 32nd St for Sale

Price $829,000.00

• Lot size 2656
• Year Build 1928
• Waterfront
• Zip 33407
• Style
• Parking Description
• Pool Yes
• Status Active

Description

This is a strong cash flowing fourplex with long term tenants. Value can be further added by raising rents, submetering utilities, installing laundry facilities, or renovating the interiors.? All tenants are on month-to-month leases which could be readjusted to market rents.??Currently, the four units are generating a gross annual income of $81,600. The City of West Palm Beach collects waste and landlord just pays for 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 downtown West Palm Beach, which offers a variety of shops, restaurants, and cultural venues. The Palm Beach International Airport is also just a short drive away.

100% rented long term. Per seller, no showings until receipt of acceptable offer and proof of funds/financing. Offering memorandum available at: properties.tirprime.com/618-32nd-St

NORTHWOOD ADD LT 8 BLK 41

Less Than 1/4 Acre Lot

This is a strong cash flowing fourplex with long term tenants. Value can be further added by raising rents, submetering utilities, installing laundry facilities, or renovating the interiors.? All tenants are on month-to-month leases which could be readjusted to market rents.??Currently, the four units are generating a gross annual income of $81,600. The City of West Palm Beach collects waste and landlord just pays for 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 downtown West Palm Beach, which offers a variety of shops, restaurants, and cultural venues. The Palm Beach International Airport is also just a short drive away.

City:West Palm Beach,Roof:1:Other,Zoning:SF7 (cit,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Flooring:1:Ceramic Floor,2:Vinyl,Latitude:26.7421827,Cooling Y N:1,Heating Y N:1,List Price:829000,Listing Id:A11387844,Longitude:-80.0575622,Mls Status:Active,Year Built:1928,Living Area:2464,Postal Code:33407,Street Name:32nd St,Coordinates:1:26.7421827,Photos Count:14,Building Name:NORTHWOOD ADD,Days On Market:49,Lot Size Units:Square Feet,M L S Area Major:Northwood Add,On Market Date:2023-05-15,Parcel Number:74434309050410080,Parking Total:3,Property Type:Residential Income,Rent Includes:1:Trash Collection,2:Water,Stories Total:2,Street Number:618,M I A M I R E_ Style:Fourplex,Public Remarks:This is a strong cash flowing fourplex with long term tenants. Value can be further added by raising rents, submetering utilities, installing laundry facilities, or renovating the interiors.? All tenants are on month-to-month leases which could be readjusted to market rents.??Currently, the four units are generating a gross annual income of $81,600. The City of West Palm Beach collects waste and landlord just pays for 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 downtown West Palm Beach, which offers a variety of shops, restaurants, and cultural venues. The Palm Beach International Airport is also just a short drive away.,Structure Type:1:Fourplex,County Or Parish:Palm Beach County,Expiration Date:2023-11-14,List Office Name:TIR Prime Properties Corp.,Private Remarks:100% rented long term. Per seller, no showings until receipt of acceptable offer and proof of funds/financing. Offering memorandum available at: properties.tirprime.com/618-32nd-St,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4876,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:NORTHWOOD ADD,Tax Annual Amount:6219,Total Actual Rent:81600,Unparsed Address:618 32nd St, West Palm Beach FL 33407,Listing Agreement:Exclusive Right To Sell,Operating Expense:21166,Year Built Details:Resale,Building Area Total:2656,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:336.4448,Original List Price:829000,I D X Participation Y N:1,Net Operating Income:60434,Number Of Units Total:4,Syndication Remarks:This is a strong cash flowing fourplex with long term tenants. Value can be further added by raising rents, submetering utilities, installing laundry facilities, or renovating the interiors.? All tenants are on month-to-month leases which could be readjusted to market rents.??Currently, the four units are generating a gross annual income of $81,600. The City of West Palm Beach collects waste and landlord just pays for 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 downtown West Palm Beach, which offers a variety of shops, restaurants, and cultural venues. The Palm Beach International Airport is also just a short drive away.,Listing Contract Date:2023-05-15,Originating System I D:miamire,Showing Instructions:See Broker Remarks,Street Number Numeric:618,Tax Legal Description:NORTHWOOD ADD LT 8 BLK 41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:3%,M I A M I R E_ Adjusted Area S F:2506,Contract Status Change Date:2023-05-15,Internet Address Display Y N:1,Number Of Units In Community:4,Dual Variable Compensation Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:336.44,