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Multifamily in West Palm Beach, FL 33407Northwood Pines, 618 32nd St
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OFF MARKET
Beds
2,464
SqFt$345
$/SqFtMultifamily
Built in 1928
Fourplex
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.
MLS Number: A11387844
On Site: 1220 Days
Updated: 1073 Days ago
Page Views: 0
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Carpet, CeramicTile, Vinyl
- Year Built: 1928
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2023-05-15T14:52:12.000-00:00
Taxes, Fees & More
- Taxes: 6219
Apples-to-Apples Comparables
Price History
Current
$850K
High
$850K
Low
$829K
Total Change
2.5%Date
Event
Price
Change
Price Per
10/03/2023
Price Increased
$850K
2.53%$345 ft2
$3,713 m2
05/15/2023
Listed
$829K
$336 ft2
$3,621 m2
10/03/2023
$850K
Event
Price Increased
Change
2.53%Price Per
$345 ft2
$3,713 m2
05/15/2023
$829K
Event
Listed
Price Per
$336 ft2
$3,621 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Mariano Saal • TIR Prime Properties Corp. • Buyer Agency Compensation .
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Scores
45
100
35
100
61
100
74
100
0
100
34
100
1
100
Community Snapshot
3 – 4 BR
Bedrooms
$300K – $680K
Price Tier
520 - 3,974
SqFt Range
1928
Year Build
1
Total Floors
Subdivision Amenities
None
Sidewalks
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