401 Southwind Drive
North Palm Beach, FL 33408

Property

Ownership: Commercial
Type: Multi-Family
Area: 5260 sq ft

Financials

Price: $3,400,000
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Palm Beachers Realty LLC

Description

DO NOT DISTURB TENANTS....INCOME = $239,000 / NOI = $209,000Fully 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 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.

Unbranded Virtual Tour: https://www.propertypanorama.com/401-Southwind-Drive-North-Palm-Beach-FL-33408/unbranded

DO NOT DISTURB TENANTS...


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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.