House in West Palm Beach, Florida 4 bedrooms, 122.63 sq.m. № 1338204
1
ID1338204
$ 379 999
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Discover a golden opportunity in this multi-family property, perfect for the visionary investor or handy homeowner. This 3/1 & 1/1 multi-family is a diamond in the rough, waiting for your personal touch to unlock its true potential. While the property requires significant renovations, its location is poised for exponential growth. Nearby construction projects and emerging businesses are set to transform the area, promising a bright future for this investment. With an impressive 11% cap rate, this property offers substantial rental income possibilities for the savvy investor. Imagine the satisfaction of breathing new life into this space, creating a comfortable home or lucrative rental units. The property's "as-is" condition presents an exciting canvas for your creativity and renovation skills. Located in a vibrant community, this property benefits from proximity to local amenities. The Inlet Grove Community High School is just a short distance away, perfect for families or student tenants. For commuters, the Mangonia Park train station provides convenient transportation options. Daily necessities are easily accessible with a Family Dollar nearby, while the Riviera Beach Marina Village Event Center offers recreational opportunities for residents to enjoy. Not to mention, the Blue Heron Bridge, one of the country's top-rated beach dive sites, only 5 minutes away. Whether you're an investor seeking strong cash flow or a handyman ready for a rewarding project, this property holds the key to your real estate dreams. Needs Cosmetic rehab. Investor notes: Gross income - $46,440. CC credits and buy down rate options available. Feel free to soft pitch purchase agreements to listing agent before writing anything up. Ask me anything, big or small. I’m happy to help. FULL COOPERATION WITH ALL AGENTS IF THIS IS “NOT ON MY MLS.” Please just reach out to listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.
MLS #: T3551791
West Palm Beach - Statistics
Choose a city for comparison
Compare
| Parameters | West Palm Beach |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 500.00 |
| Apartment (1 bedroom) Outside of Centre | $ 1 800.00 |
| Apartment (3 bedrooms) in City Centre | $ 4 575.00 |
| Apartment (3 bedrooms) Outside of Centre | $ 3 100.00 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 4 284.00 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 4 284.00 |
Choose a city for comparison
Compare
| Parameters | West Palm Beach |
|---|---|
| Crime Index | 57.42 |
| Traffic Commute Time Index | 30.92 |
| Restaurant Price Index | 73.08 |
| Property Price to Income Ratio | 4.62 |
| Climate Index | 88.04 |
| Safety Index | 42.58 |
| Traffic CO₂ Index | 8046.50 |
| Traffic Inefficiency Index | 146.30 |
| Rent Index | 56.14 |
| Health Care Index | 67.18 |
| Traffic Index | 145.22 |
| Pollution Index | 43.01 |
Choose a city for comparison
Compare
| Parameters | West Palm Beach |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 18.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 82.50 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 10.00 |
| Domestic Beer (0.5 liter draught) | $ 6.00 |
| Imported Beer (0.33 liter bottle) | $ 7.50 |
| Coke/Pepsi (0.33 liter bottle) | $ 3.03 |
| Water (0.33 liter bottle) | $ 1.92 |
| Cappuccino (regular) | $ 5.25 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.11 |
| Loaf of Fresh White Bread (500g) | $ 2.92 |
| Eggs (regular) (12) | $ 4.78 |
| Local Cheese (1kg) | $ 22.24 |
| Water (1.5 liter bottle) | $ 1.72 |
| Bottle of Wine (Mid-Range) | $ 15.00 |
| Domestic Beer (0.5 liter bottle) | $ 1.73 |
| Imported Beer (0.33 liter bottle) | $ 3.25 |
| Cigarettes 20 Pack (Marlboro) | $ 9.00 |
| Apples (1kg) | $ 4.48 |
| Chicken Fillets (1kg) | $ 12.82 |
| Oranges (1kg) | $ 6.39 |
| Potato (1kg) | $ 3.81 |
| Lettuce (1 head) | $ 2.56 |
| Rice (white), (1kg) | $ 5.56 |
| Tomato (1kg) | $ 5.34 |
| Banana (1kg) | $ 1.66 |
| Onion (1kg) | $ 4.61 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 16.04 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.00 |
| Gasoline (1 liter) | $ 0.91 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 40 025.00 |
| Taxi Start (Normal Tariff) | $ 2.50 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 25 612.90 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 167.01 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 60.14 |
| $ 43.00 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 638.00 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.57 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 50.00 |
| Cinema, International Release, 1 Seat | $ 15.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 50.00 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 37.50 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 89.67 |
| 1 Pair of Men Leather Business Shoes | $ 100.00 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 840.00 |
| International Primary School, Yearly for 1 Child | $ 40 000.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityWest Palm Beach
Address321 W 15TH STREET UNIT 1
TypeHouse
Bedrooms4
Living space122.63 m²
- m²
- sq. ft
Completion dateIV quarter, 1953
Price
- Price
- per m²
$ 379 999
- EUR €
- USD $
- RUB ₽
- GBP £
Offer your price