Multifamily in West Palm Beach, FL 33401

614 N Tamarind Ave

POTENTIAL CASH COW!!! 2 2BR/1BA rental apartments. recently trashed out and ready to remodel. Painting of exterior will be completed 2/14/2024. Property is Compliant with WPB Code Enforcement, rents for this zipcode are $2100-$2200/mo . PROPERTY IS CLEAR OF LIENS AND WE HAVE THE TITLE COMMITTMENT IN PLACE. CAN CLOSE IN 3-4 DAYS FOR CASH SALE. TOTAL RENOVATION NEEDED. 2 2BR/1BA POTENTIAL RENTAL UNITS WITH ATTACHED 1 CAR GARAGE. FANTASTIC OPPORTUNITY WITH BIG THINGS PROPOSED FOR THIS NEIGHBORHOOD . REDEVELOPMENT IS ALL AROUND AND ONGOING. NO STREET ACCESS AT THIS TIME AS TAMARIND HAS LIMITED ACCESS DUE TO ONGOING UNDERGROUND(STREET) PIPE REPLACEMENT AND REPAIRS. FOR UTILITIES REPAIRS. . EXPECT TO INVEST AT LEAST $25 K PER UNIT IN RENOVATIONS. This 2 Unit building features 2BR/1Ba units in need of complete and total renovations. Property is Boarded Up and the only showings will be after we have a fully executed Contract with deposit on file with CLA Title and Escrow. 2 700Sq ft 2br rental apartments in the HOT Northwest Neighborhood which is going thru a major rennaisance with big things planned for the future. Hundreds of properties have been acquired by some leading Hedge Funds and redevelopment with high end luxury rental buildings are being rented currently. Imagine a Duplex with 1800 sq ft and a 1 car garage for $265,000!.. you'll need to spend a considerable amount of $$$ renovating and redoing this building but you'll have a CASH COW on your hands if you do. LA