720 N Street, 1-6 (Entire Building), West Palm Beach, FL 33401
$2,495,000
Property Type:
Comm/Industry
Baths:
8
Square Footage:
3,650
Status:
Active Under Contract
Current Price:
$2,495,000
Last Modified:
5/16/2024
Description
DO NOT WALK PROPERTY - This phenomenal six-unit condominium building with EIGHT bedrooms and EIGHT baths total, in coveted Grandview Heights neighborhood is conveniently located right behind the Convention Center across Okeechobee Blvd. from City Place, The Kravis Center, and in a walking distance from Howard Park. The property features a 2016 roof, full-impact windows, and new/newer HVACs & appliances. Four of the condos feature great 1-bedroom layouts while the other two are spacious 2-bedroom units. Sold fully finished featuring beautiful granite countertops and stunning marble flooring. Currently serving as annual rentals with the ability to be used as vacation rentals. All the units come fully furnished and equipped with electronic locks that can be easily changed for each.
Supplements: The building comes with parking spaces. This is truly turn-key ownership, with all the major expenses covered. Don't miss this opportunity to own a piece of paradise in the heart of West Palm Beach.
More Information MLS# RX-10984534
Contract Information
Status: Active Under Contract
Original List Price: 2495000
Auction: No
List Price: $2,495,000
Current Price: $2,495,000
List Price/Bldg SqFt: 683.56
Listing Date: 2024-05-04
Comm/Non-Rep: 0%
Comm/Buyer Agent: 2%
Comm/Trans Brk: 2%
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: Six-Unit Multi-Famil
Subdivision: 720 N STREET CONDO
Year Built: 1972
Built Desc: Resale
SqFt - Living: 3650
SqFt Source: Owner
# of Stories: 2
Total Units: 6
Baths - Total: 8
Acres: 0.17
% Air Conditioned: 100
Waterfront: No
Location, Tax & Legal
Area: 5430
Geo Area: PB20
Country: United States
County: Palm Beach
Parcel ID: 74434328290000010
Street #: 720
Street Name: N
Street Suffix: Street
Unit #: 1-6 (Entire Building)
State/Province: FL
Zip Code: 33401
Zoning: MF14(c
Legal Desc: 720 N STREET CONDOMINIUM
Tax Year: 2023
Real Estate Taxes: 20082
Geo Lat: 26.702391
Geo Lon: -80.058858
Remarks & Misc
Directions: From I95 - Okeechobee Blvd. east. Right on Parker Ave. Left on Park Pl. Left on Lake Ave. Right on N St.
Office/Member Info
DXORIGMLNO: RX-10984534
DXORIGMLSID: RML
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2024-05-16
Building Info
# of Tenants: 6
Monetary Info
Gross Oper Income: 144353.33
Total Expenses: 50455
Net Oper Income: 93898.33
Source of Expenses: Owner
Unit 1
Unit Desc: 1 Bedroom
Full Baths: 1
Ann Rent: 1975
Unit 2
Unit Desc: 1 Bedroom
Full Baths: 1
Ann Rent: 1875
Unit 3
Unit Desc: 1 Bedroom
Full Baths: 1
Ann Rent: 1875
Unit 4
Unit Desc: 1 Bedroom
Full Baths: 1
Ann Rent: 1875
Unit 5
Unit Desc: 2 Bedroom
Full Baths: 2
Ann Rent: 2575
Unit 6
Unit Desc: 2 Bedroom
Full Baths: 2
Ann Rent: 2495
Property Features
Unit 1: Furnished
Unit 2: Furnished
Unit 3: Furnished
Unit 4: Furnished
Unit 5: Furnished
Unit 6: Furnished
Use: Income; Mixed
Type of Building: Condo; Resident. Multi-Fam.
Construction: CBS; Stucco
Sale Includes: Building and Land; Fixtures; Furniture; Inventory
Avail Docs: None
Avail Info: Copies of Lease; Deed; Existing Survey; Owner managed
Miscellaneous 1: Laundry; Sprinkler City
Miscellaneous 2: Rear Access; Storage
Flooring: Tile
Cooling: Central; Central Building
Heating: Central; Electric
Fire Protect: Smoke Alarm
Tenant Pays: Electric; Insurance; Sewer; Water
Utilities: Cable; Electric; Public Sewer; Public Water
Waterfront Details: None
Roof: Other
Terms Considered: Cash; Conventional
Lease: Annual; Long Term; Month to Month
Possession: At Closing; Funding
Contingencies: Inspection
Listing Office: Redfin Corporation
Last Updated: May - 16 - 2024
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