513 47th Street
513 47th Street
$499,000
—
2,625
2,625
$190
Closed 12/8/23
Description
Presenting a unique opportunity for an investor to acquire a strong cash flow asset with major value add opportunity. 513 47th Street is located in the Northwood neighborhood of West Palm Beach where there is a strong rental market and ever growing demand. This multifamily consists of 3 buildings, 5 possible units (currently 4) in total which have been gutted and preliminary plans drawn to show highest and best use. The proposed units are listed below along with their renovated rent projections....Presenting a unique opportunity for an investor to acquire a strong cash flow asset with major value add opportunity. 513 47th Street is located in the Northwood neighborhood of West Palm Beach where there is a strong rental market and ever growing demand. This multifamily consists of 3 buildings, 5 possible units (currently 4) in total which have been gutted and preliminary plans drawn to show highest and best use. The proposed units are listed below along with their renovated rent projections. Full rehab is needed. The renovated property can generate $7,700 a month. That's a 10% CAP rate! Unit #1 650 SF 2/1 $1,700 Unit #2 650 SF 2/1 $1,700 Unit #3 650 SF 2/1 $1,700 Unit #4 275 SF Studio $1,200 Unit #5 400 SF 1/1 $1,400
- Listed by Jennifer B Kilpatrick • The Corcoran Group
- Listed by Lilia Torchio • The Corcoran Group
Property Details for 513 47th Street
Subdivision
NORTH PALM BCH 1
WaterfrontNo
Waterfront DetailsNone
StyleNo Pool/No Water
Location
LISTING UPDATED: 12/21/2023 01:55 PM
Property Details for 513 47th Street
Status | Closed |
---|---|
MLS # | RX-10929358 |
Days on Market | 8 |
Taxes | $7,238 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Quad Plex |
Year Built | 1942 |
Lot Size | 0.12 AC / 5,256 SF |
County | Palm Beach County |
Location
Building Information for 513 47th Street
Stories2Residences5Year Built1942Building Size-Lot Size0.12 AC / 5,256 SF
Payment Calculator
$3,326 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 513 47th Street
Property History for 513 47th Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 513 47th Street
Taxable ValueLand$147,168Additions$229,191Total$376,359
Tax Record2023$8,017 ($668 / month)
Home Facts
Baths4Total Finished SqFt1,270 SqFtAbove Grade Finished SqFt1,270 SqFtStories2Lot Size5,258 SqFtStyleDuplexYear Built1942Year Renovated1962ZoningSF7-C4CountyPALM BEACHAPN74-43-43-04-04-020-0310
Schools near 513 47th Street
This home is within Palm Beach.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Northmore Elementary School PublicPK to 5 | ||
John F. Kennedy Middle School Public6 to 8 | ||
Palm Beach Lakes High School Public9 to 12 | ||
Northboro Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.