627 32nd Street West Palm Beach, FL 33407
1,946 Sqft, Quad Plex
AGENT'S REMARKS ABOUT 627 32ND STREET
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!PROPERTY DETAILS
- Property Type: Quad Plex
- Approx Living Area: 1,946 SqFt
- Year Built: 1928
- Lot Size: 5,950 SqFt
- Age Restrictions: No Hopa
- County: Palm Beach
- Area: 5410
- Subdivision: NORTHWOOD ADD
- Age Restricted: No Hopa
- Annual Property Taxes: $6,018
- Repo/Reo: No
- Short Sale: No
VIDEO TOUR
MAP LOCATION FOR 627 32ND STREET WEST PALM BEACH, FL 33407
Directions: NORTHBOUND ON AUSTRALIAN, RIGHT ON 25TH ST, LEFT ON PINEWOOD AVE, RIGHT ON 32ND ST
SIMILAR LISTINGS NEAR 627 32ND STREET
Listing courtesy of Partnership Realty Inc. 10.18.2023
If you are interested in this property at 627 32nd Street or any other properties in West Palm Beach please contact The Rucco Group at (561) 737-0366.