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.

The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2023 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on June 4, 2023

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Property Details of 618 32nd Street

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Property Details of 618 32nd Street

Property Details

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Interior Features

Interior Features

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Map Location

Driving Directions

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Jupiter Lighthouse Realty