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.
Property Details
Price:
$315,999
MLS #:
T3551791
Status:
Active
Beds:
4
Baths:
2
Address:
321 W 15TH STREET UNIT 1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
BLUE HERON PARK 04
Neighborhood:
33404 – West Palm Beach
City:
WEST PALM BEACH
Listed Date:
Aug 27, 2024
State:
FL
Finished Sq Ft:
1,370
Total Sq Ft:
1,370
ZIP:
33404
Lot Size:
6,421 sqft / 0.15 acres (approx)
Year Built:
1953
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Schools
Interior
Appliances
None
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Other
Heating
None
Laundry Features
Common Area
Exterior
Construction Materials
Stucco, Wood Siding
Exterior Features
Private Mailbox
Roof
Shingle
Financial
Tax Year
2023
Taxes
$588
Map
Community
- Address321 W 15TH STREET UNIT 1 WEST PALM BEACH FL
- SubdivisionBLUE HERON PARK 04
- CityWEST PALM BEACH
- CountyPalm Beach
- Zip Code33404
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Courtesy of RICHARD PETERS REALTY LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than Stonecrest International Realty include the name of the listing broker. Neither the listing company nor Stonecrest International Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
321 W 15TH STREET UNIT 1
WEST PALM BEACH, FL
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