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PRICED AT ONLY: $995,000

Address: 904 4th Street, West Palm Beach, FL 33401

Description

***EXCEPTIONAL OPPORTUNITY to acquire this 7 % + CAP RATE prime 4 UNIT income producing property located in the path of progress, just West of the NORA development, slated for completion by late 2025. The property is steps away from City Place, the Bright Line, and minutes from ocean beaches, Worth Avenue, and PBI Airport . The property consists of three structures featuring FOUR approved rental units: the main house has a 3 BR/ 1.5 BA unit, & a 5BR /2BA unit; a 1BR/ 1BA Guest House; and a Studio/1 BA cottage. This 6,534 SF lot enjoys NWD zoning. New Roof 2022, renovations in 2023. Offered TURNKEY & FURNISHED. Please do not disturb the tenants. Financials & Zoning info in Documents.

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  • MLS#: RX-11073730 ( Quad Plex )
  • Street Address: 904 4th Street
  • Viewed: 2
  • Price: $995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 0
  • Days On Market: 8

Description

***EXCEPTIONAL OPPORTUNITY to acquire this 7 % + CAP RATE prime 4 UNIT income producing property located in the path of progress, just West of the NORA development, slated for completion by late 2025. The property is steps away from City Place, the Bright Line, and minutes from ocean beaches, Worth Avenue, and PBI Airport . The property consists of three structures featuring FOUR approved rental units: the main house has a 3 BR/ 1.5 BA unit, & a 5BR /2BA unit; a 1BR/ 1BA Guest House; and a Studio/1 BA cottage. This 6,534 SF lot enjoys NWD zoning. New Roof 2022, renovations in 2023. Offered TURNKEY & FURNISHED. Please do not disturb the tenants. Financials & Zoning info in Documents.
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Features
Building and Construction
  • Absolute Longitude: 80.060995
  • Construction: CBS
  • Exterior Features: None
  • Flooring: Ceramic Tile
  • Roof: Other
  • Sqft Source: Tax Rolls
  • Sqft Total: 3499.00
  • Total Building Sqft: 3430.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre
  • Lot Dimensions: 50.0 ft x 131.0 ft
  • Subdivision Information: Sidewalks
Eco-Communities
  • Private Pool: No
  • Storm Protection: None
  • Waterfront Details: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central
  • Heating: Other
  • Number Of Stories: 2.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Utilities: Electric, Public Water
Finance and Tax Information
  • Application Fee: 0.00
  • Home Owners Association poa coa Monthly: 0.00
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 71466.00
  • Income Expenses Annual Total Expense: 25134.00
  • Income Expenses Gross Operating Inc: 96600.00
  • Source Of Expenses: Owner
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electric
Other Features
  • Avail Info: Leases
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: CLOWS ADDITION LT 2 BLK 23
  • Parcel Id: 74434321060230020
  • Possession: At Closing
  • Special Assessment: No
  • Zoning: NWD-R
Nearby Subdivisions
Belle Vue Add To Wpb   Bonnyview   Carlberg Court Add 1   Cityside Condo   Clows   Clows Add   Clows Add To Wpb   Clows Addition   Flamingo Park   Flamingo Park In   Freshwater Add To Wpb   Freshwater Add To Wpb Amd Pl O   Grandview Heights   Gruber Carlberg   Mercer Park   Sunshine Park Add 1   West Palm Beach   Zimmermans Repl West Gate  
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Kevin Mecabe

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