628 Southwind ,Quadruplex, Fourplex, North Palm Beach Village для продажи

628 Southwind для продажи

Цена $4,450,000.00

• Размер территории 11040
• Год постройки 1968
• Вид на воду Canal Front, Canal Width 121 Feet Or More, Fixed Bridge(S), Canal, Lagoon, Navigable Water, Ocean Access
• Zip 33408
• Стиль
• Парковка
• Бассейн Yes
• Статус Active

Описание

Presenting one of the most unique multifamily properties in all of Palm Beach County, welcome to Cutler's Cove in North Palm Beach. This waterfront, twelve (12) unit apartment complex is 100% leased with virtually zero turnover in the last five years is the cash cow you have been waiting for! Cutler's Cove has a diverse unit mix consisting of five (5) one bedroom units, five (5) two bedroom units, one (1) three bedroom unit, and a studio apartment with a GLA of approximately 11,040 SF and an average of 829 SF per unit. Additionally, this property is also situated on an enormous cove with 210' of linear water-frontage, providing tenants beautiful waterfront views that demand a premium. This water-frontage gives any value-add investor the rare ability install a large dock capable of accommodating several boat slips, which will undoubtedly produce additional rental income. With just one fixed bridge (with a maximum height clearance of 17') before hitting the intracoastal waterway, this is truly one of the most unique value-add opportunities in South Florida's multifamily market. All twelve (12) units were renovated after the current owner purchased the property and every unit has ceramic tile floors, durable millwork throughout, and granite countertops in both the kitchen and bathrooms. Each unit also has its own private, waterfront balcony with beautiful views at any time of the day. other building amenities include complete hurricane impact windows & doors, two staircases on either side of the building, and most importantly, a top of the line elevator for tenants unable to utilize stairs. The exterior of the building was painted within the last twelve months and the asphalt parking lot was redone and re-striped at the same time. Currently, the gross monthly income is approximately $20,500 which gives an average for all twelve units of only $1.85 PSF and is far below current market rates in the area. In addition, all twelve units are on month-to-month leases, which gives any investor the ability to raise rents immediately after the acquisition. When comparing the average rent per unit at the subject property ($1,705/month) to the Palm Beach County average ($2,530/month), it is clear to see that there is a massive opportunity for growth here with this asset. For the conservative investors, bumping the average rent to an affordable rate of $2,000/month (20% below county average) per unit would still generate a 17% increase to the monthly gross income without spending a dollar and would take the annual income from $245,460 to $288,000 overnight. Opportunities like this do not last long!

NORTH PALM BEACH VILLAGE OF PL 3 LT 21 BLK 38

1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre

Presenting one of the most unique multifamily properties in all of Palm Beach County, welcome to Cutler's Cove in North Palm Beach. This waterfront, twelve (12) unit apartment complex is 100% leased with virtually zero turnover in the last five years is the cash cow you have been waiting for! Cutler's Cove has a diverse unit mix consisting of five (5) one bedroom units, five (5) two bedroom units, one (1) three bedroom unit, and a studio apartment with a GLA of approximately 11,040 SF and an average of 829 SF per unit. Additionally, this property is also situated on an enormous cove with 210' of linear water-frontage, providing tenants beautiful waterfront views that demand a premium. This water-frontage gives any value-add investor the rare ability install a large dock capable of accommodating several boat slips, which will undoubtedly produce additional rental income. With just one fixed bridge (with a maximum height clearance of 17') before hitting the intracoastal waterway, this is truly one of the most unique value-add opportunities in South Florida's multifamily market. All twelve (12) units were renovated after the current owner purchased the property and every unit has ceramic tile floors, durable millwork throughout, and granite countertops in both the kitchen and bathrooms. Each unit also has its own private, waterfront balcony with beautiful views at any time of the day. other building amenities include complete hurricane impact windows & doors, two staircases on either side of the building, and most importantly, a top of the line elevator for tenants unable to utilize stairs. The exterior of the building was painted within the last twelve months and the asphalt parking lot was redone and re-striped at the same time. Currently, the gross monthly income is approximately $20,500 which gives an average for all twelve units of only $1.85 PSF and is far below current market rates in the area. In addition, all twelve units are on month-to-month leases, which gives any investor the ability to raise rents immediately after the acquisition. When comparing the average rent per unit at the subject property ($1,705/month) to the Palm Beach County average ($2,530/month), it is clear to see that there is a massive opportunity for growth here with this asset. For the conservative investors, bumping the average rent to an affordable rate of $2,000/month (20% below county average) per unit would still generate a 17% increase to the monthly gross income without spending a dollar and would take the annual income from $245,460 to $288,000 overnight. Opportunities like this do not last long!

City:North Palm Beach,Roof:1:Flat Roof With Facade Front,View:1:River,2:Bay View,Sewer:1:Public Sanitation,2:Sewer,View Y N:1,Zoning:R3,Cooling:1:Central Air,2:Electric,Country:United States,Heating:1:Electric,List A O R:BeachesMLS,Stories:3,Tax Year:2025,Latitude:26.8106917,Cooling Y N:1,Heating Y N:1,List Price:4450000,Listing Id:B26035280,Longitude:-80.0674073,Mls Status:Active,Utilities:1:Cable Available,2:Electricity Available,3:Sewer Available,4:Water Available,Year Built:1968,High School:Palm Beach Gardens,Inclusions:Restricted Salt Water Access,Living Area:11040,Postal Code:33408,Street Name:Southwind,Tenant Pays:1:Water,Coordinates:1:26.8106917,Lot Features:1:Less Than 1 Acre,Photos Count:35,Days On Market:7,Lot Size Acres:0.45,Lot Size Units:Square Feet,M I A M I R E_ Area:5250,M L S Area Major:North Palm Beach Village,On Market Date:2026-06-01,Parcel Number:68434216040380210,Property Type:Residential Income,Stories Total:3,Street Number:628,Street Suffix:Circle,Waterfront Y N:1,Public Remarks:Presenting one of the most unique multifamily properties in all of Palm Beach County, welcome to Cutler's Cove in North Palm Beach. This waterfront, twelve (12) unit apartment complex is 100% leased with virtually zero turnover in the last five years is the cash cow you have been waiting for! Cutler's Cove has a diverse unit mix consisting of five (5) one bedroom units, five (5) two bedroom units, one (1) three bedroom unit, and a studio apartment with a GLA of approximately 11,040 SF and an average of 829 SF per unit. Additionally, this property is also situated on an enormous cove with 210' of linear water-frontage, providing tenants beautiful waterfront views that demand a premium. This water-frontage gives any value-add investor the rare ability install a large dock capable of accommodating several boat slips, which will undoubtedly produce additional rental income. With just one fixed bridge (with a maximum height clearance of 17') before hitting the intracoastal waterway, this is truly one of the most unique value-add opportunities in South Florida's multifamily market. All twelve (12) units were renovated after the current owner purchased the property and every unit has ceramic tile floors, durable millwork throughout, and granite countertops in both the kitchen and bathrooms. Each unit also has its own private, waterfront balcony with beautiful views at any time of the day. other building amenities include complete hurricane impact windows & doors, two staircases on either side of the building, and most importantly, a top of the line elevator for tenants unable to utilize stairs. The exterior of the building was painted within the last twelve months and the asphalt parking lot was redone and re-striped at the same time. Currently, the gross monthly income is approximately $20,500 which gives an average for all twelve units of only $1.85 PSF and is far below current market rates in the area. In addition, all twelve units are on month-to-month leases, which gives any investor the ability to raise rents immediately after the acquisition. When comparing the average rent per unit at the subject property ($1,705/month) to the Palm Beach County average ($2,530/month), it is clear to see that there is a massive opportunity for growth here with this asset. For the conservative investors, bumping the average rent to an affordable rate of $2,000/month (20% below county average) per unit would still generate a 17% increase to the monthly gross income without spending a dollar and would take the annual income from $245,460 to $288,000 overnight. Opportunities like this do not last long!,County Or Parish:Palm Beach County,Documents Count:1,Expiration Date:2026-10-30,Frontage Length:210,List Office Name:Compass Florida LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5320,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:NORTH PALM BEACH VILLAGE ,NORTH PALM BEACH VIL,Tax Annual Amount:33404,Unparsed Address:628 Southwind Circle, North Palm Beach FL 33408,Exterior Features:1:Other,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Year Built Details:Resale,Building Area Total:11040,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:403.0797,M I A M I R E_ Num Floors:3,M I A M I R E_ Num Meters:1,Original List Price:4450000,I D X Participation Y N:1,Number Of Units Total:2,Syndication Remarks:Presenting one of the most unique multifamily properties in all of Palm Beach County, welcome to Cutler's Cove in North Palm Beach. This waterfront, twelve (12) unit apartment complex is 100% leased with virtually zero turnover in the last five years is the cash cow you have been waiting for! Cutler's Cove has a diverse unit mix consisting of five (5) one bedroom units, five (5) two bedroom units, one (1) three bedroom unit, and a studio apartment with a GLA of approximately 11,040 SF and an average of 829 SF per unit. Additionally, this property is also situated on an enormous cove with 210' of linear water-frontage, providing tenants beautiful waterfront views that demand a premium. This water-frontage gives any value-add investor the rare ability install a large dock capable of accommodating several boat slips, which will undoubtedly produce additional rental income. With just one fixed bridge (with a maximum height clearance of 17') before hitting the intracoastal waterway, this is truly one of the most unique value-add opportunities in South Florida's multifamily market. All twelve (12) units were renovated after the current owner purchased the property and every unit has ceramic tile floors, durable millwork throughout, and granite countertops in both the kitchen and bathrooms. Each unit also has its own private, waterfront balcony with beautiful views at any time of the day. other building amenities include complete hurricane impact windows & doors, two staircases on either side of the building, and most importantly, a top of the line elevator for tenants unable to utilize stairs. The exterior of the building was painted within the last twelve months and the asphalt parking lot was redone and re-striped at the same time. Currently, the gross monthly income is approximately $20,500 which gives an average for all twelve units of only $1.85 PSF and is far below current market rates in the area. In addition, all twelve units are on month-to-month leases, which gives any investor the ability to raise rents immediately after the acquisition. When comparing the average rent per unit at the subject property ($1,705/month) to the Palm Beach County average ($2,530/month), it is clear to see that there is a massive opportunity for growth here with this asset. For the conservative investors, bumping the average rent to an affordable rate of $2,000/month (20% below county average) per unit would still generate a 17% increase to the monthly gross income without spending a dollar and would take the annual income from $245,460 to $288,000 overnight. Opportunities like this do not last long!,Waterfront Features:1:Canal Width 121 Feet Or More,2:Fixed Bridge(S),3:Canal,4:Lagoon,5:Navigable Water,6:Ocean Access,Listing Contract Date:2026-06-01,Originating System I D:miamire,Showing Instructions:Appointment Only,See Broker Remarks,List Agent Must Accompany,Street Number Numeric:628,Tax Legal Description:NORTH PALM BEACH VILLAGE OF PL 3 LT 21 BLK 38,M I A M I R E_ Current Price:4450000,Middle Or Junior School:Howell L. Watkins,M I A M I R E_ Municipal Code:68,M I A M I R E_ Num Leases Year:12,M I A M I R E_ Year Installed:1968,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Palm Bch 5200; 5210; 5220; 5230; 5240; 5250,M I A M I R E_ Parcel Number M L X:6843,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-06-01,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Acreage Description:1/4+ To 1/2 Acre,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Num Times Leased Year:12,M I A M I R E_ Agent Alternate Phone:561-789-7208,M I A M I R E_ Approx Sqft Total Area:19602,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:1624515,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:403.08,Internet Automated Valuation Display Y N:1,