Property Description

Fully Remodeled, New Everything, 8 Unit Apartment Building, Each Unit Separate Electric and Water Meters. Each Unit has 3 Bedrooms and 2 Bathrooms with Balconies and/or Fenced in Yards. Income and Expenses on MLS under Documents. NOI = $179,000 Cap Rate = 6% @ Full Purchase Price, with Room to Raise Rents. All Tenants On Annual Leases, with Rent Increases Scheduled Annually Per Lease. Each Tenant was screened and Paid $6,300 or More w/ Pet Fee at Move In, 1st Month, Last Month, & 1 Month Deposit. This is a Great Building that will require No Work as over $500,000 was put into the building in the start of 2020, As you see the Photos. Every Unit looks like the photos completely redone & Balconies Look onto the Water, 1st Floor Patios have Fenced yards.

MLS Info
Palm Beachers Realty LLC
Active
Cash
10,304 Sqft
100
8
R3
$24,984
2020
From Northlake Blvd. Then North on Southwind Drive, Building on Left.
Tax Rolls
No
8 Unit Building
No
$0
$0
$291
Video
  • Video1

Multifamily (5+ units) For Sale

401 Southwind Drive, North Palm Beach, Florida 33408

0 Bedrooms
16 Bathrooms
0 Sqft
$3,000,000
Listing ID #RX-10698986
Basic Details
Property Type : Multifamily (5+ units)
Listing Type : For Sale
Listing ID : RX-10698986
Price : $3,000,000
Bedrooms : 0
Bathrooms : 16
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1968
Lot Area : 0 Sqft
Country : US
State : FL
County : Palm Beach
City : North Palm Beach
Subdivision : NORTH PALM BEACH VILLAGE OF 3
Zipcode : 33408
Contact Agent
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *