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904 4th Street

West Palm Beach, FL 33401
  • $975,000
  • STATUS: Active
  • ON SITE: 164 Days
  • ID#: RX-10997568
UPDATED: 46 min ago
$975,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,430
    SQFT
  • $284
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Information

Description

Located in the heart of West Palm Beach within walking distance of downtown, this unique property features three detached buildings. The main house boasts 8 bedrooms and 3.5 bathrooms, complemented by a guest house with 1 bedroom and 1 bathroom, and a smaller studio with its own bathroom. All three buildings are situated on a spacious 6,534 SQFT lot. This triplex is located just 5 minutes from Clematis Street, 10 minutes from Palm Beach Island, and 10 minutes from Palm Beach International Airport. Generating $8,150 a month, the property has a new roof installed in 2022 and underwent modern renovations in 2023. With its prime location and recent upgrades, the possibilities are endless for this exceptional investment opportunity. Showings are by appointment only, as it is fully occupied.

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www.kaufman-propertiesfl.com/homes/151833915
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904 4th Street West Palm Beach, FL 33401

  • Price: $975,000
  • Status: Active
  • On Site: 164 Days
  • Updated: 46 min ago
  • ID#: RX-10997568
0
Beds
0
Baths
0
½ Baths
0.15
Acres
3,430
SQFT
$284
$/SQFT
1925
Built
Neighborhood:
Clows
County:
Palm Beach
Area:
West Palm Beach
Elementary School:
Roosevelt Elementary School
Middle School:
Conniston Middle School
High School:
Forest Hill Community High School
Property Description
Located in the heart of West Palm Beach within walking distance of downtown, this unique property features three detached buildings. The main house boasts 8 bedrooms and 3.5 bathrooms, complemented by a guest house with 1 bedroom and 1 bathroom, and a smaller studio with its own bathroom. All three buildings are situated on a spacious 6,534 SQFT lot. This triplex is located just 5 minutes from Clematis Street, 10 minutes from Palm Beach Island, and 10 minutes from Palm Beach International Airport. Generating $8,150 a month, the property has a new roof installed in 2022 and underwent modern renovations in 2023. With its prime location and recent upgrades, the possibilities are endless for this exceptional investment opportunity. Showings are by appointment only, as it is fully occupied.
Exterior Features

Carport Spaces 0.00 Construction CBSFrame Exterior Features FenceFruit Tree(s) Lot Description < 1/4 Acre Private Pool YN No Roof Comp Shingle Storm Protection Panel Shutters Partial Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Individual Flooring LaminateVinyl Floor Heating Central Individual Unit1 Bedrooms 8 Unit1 Desc A/C UnitDishwasherDryerKitchenMicrowaveRange - ElectricRefrigerator Unit1 Full Baths 3 Unit1 Furnished Partial Unit1 Half Baths 1 Unit1 Sq Ft 2758 Unit2 Desc Electric MeterKitchenMicrowaveRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished Partial Unit2 Info Efficiency Unit2 Sq Ft 216 Unit3 Bedrooms 1 Unit3 Desc Electric MeterKitchenMicrowaveRange - ElectricRefrigerator Unit3 Full Baths 1 Unit3 Furnished Partial Unit3 Sq Ft 456

Property Features

Annual Net Operating Income 67000.00 Annual Total Expenses 30000.00 Auction No Available Info Deposit SecurityLeases Built Desc Resale Gated Community No Gross Operating Income 97200.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes A/C MaintenanceCommon AreasCommon R.E. Tax Multifamily Type Triplex Possession At ClosingSubject to Lease REO No Restrictions Other Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Sq Ft Total 3499.00 Subdivision Amenities None Tax Amount 7533.56 Tax Year 2023 Taxes City/County Tenant Pays CableElectricWater Terms Considered CashConventionalFHA Unit1 Lease Ends 2025-03-31 Unit1 Monthly Income 5450.00 Unit2 Monthly Income 1000.00 Unit3 Lease Ends 2025-03-14 Unit3 Monthly Income 1700.00 Utilities Public SewerPublic Water Zoning NWD-R(

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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432