618 32nd Street

West Palm Beach, FL 33407

$725,000
Price
Beds
2,464 Sq. Ft.
$294 / Sq. Ft.
2,464
Sq. Ft.
$294
per Sq. Ft.

Description

Finally the Investors dream has arrived in the Market. This remarkable fourplex comprises two buildings, each housing two units side by side, boasting a total of 2,464 square feet. Nestled in the thriving Northwood Area, it represents a lucrative rental income opportunity. Every unit is currently occupied with existing leases set to seamlessly transition to the new owner, ensuring an immediate stream of rental income commencing from the closing date.Finally the Investors dream has arrived in the Market. This remarkable fourplex comprises two buildings, each housing two units side by side, boasting a total of 2,464 square feet. Nestled in the thriving Northwood Area, it represents a lucrative rental income opportunity. Every unit is currently occupied with existing leases set to seamlessly transition to the new owner, ensuring an immediate stream of rental income commencing from the closing date.
  1. Listed by Shakir Ahmed • Continental Properties, Inc.

Property Details for 618 32nd Street

Subdivision
NORTHWOOD ADD
Waterfront
No
Waterfront Details
None
View
Garden
Style
No Pool/No Water

Location

Listing Courtesy of Continental Properties, Inc.
Add your commute
LISTING UPDATED: 04/29/2024 09:51 PM

Property Details for 618 32nd Street

StatusActive Under Contract
MLS #RX-10930045
Days on Market174
Taxes$6,219 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1928
Lot Size0.14 AC / 5,950 SF
CountyPalm Beach County

Location

Listing Courtesy of Continental Properties, Inc.
Add your commute

Building Information for 618 32nd Street

Stories2Residences4Year Built1928Building Size-Lot Size0.14 AC / 5,950 SF

Payment Calculator

$4,475 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

$518

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 618 32nd Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Head west on Palm Beach Lakes Blvd toward Division Ave, Right at the 1st cross street onto Division Ave, Turn right onto 23rd St, 23rd St turns left and becomes Pinewood Ave, Turn right onto 32th St
  • Geo Area: Palm Beach 5420; 5430; 5440
  • Street Number: 618
  • Subdivision Complex Bldg: NORTHWOOD ADD
  • Municipal Code: West Palm Beach
  • State: FL
  • City Postal ID: 33407
  • MLS Area: 5420
  • MLS Sub Area: PB20
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2022
  • HOA Dues: $0
Property
Lot Information
  • Area: 5420
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Parcel ID: 74434309050410080
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 2,656
  • Square Ft Source: Appraisal
  • Zoning: SF7(ci
Property and Assessments
  • Legal Desc: NORTHWOOD ADD LT 8 BLK 41
  • Sq Ft Liv Area: 2464.0
  • Legal Description: NORTHWOOD ADD LT 8 BLK 41
Utilities
  • Utilities: Cable, Electric, Gas Natural, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: Other Protection: Partial
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Quadruplex
Interior Features
  • Roof: Flat Tile
  • Separate Elec Meters: No
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Central, Wall-Win A/C
  • Flooring: Clay Tile, Concrete
  • Heating: Central, Electric, Window/Wall
  • Guest Accommodations: No
  • Spa: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $62,517.00
  • Income & Expenses: Annual Total Expense: $19,083.00
  • Income & Expenses: Gross Operating Inc: $81,600.00
  • Tenant Pays: Cable, Electric, Sewer, Water
Unit 1
  • Unit 1 Desc: A/C Unit
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 1,700
  • Unit 1 Info: SqFt: 750.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,800
  • Unit 2 Info: SqFt: 750.0
  • Unit 2 Parking: Open Parking, Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit
  • Unit 3 Info: Bedrooms: 2
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: No
  • Unit 3 Info: Monthly Income: $1,800.00
  • Unit 3 Info: SqFt: 750.0
  • Unit 3 Parking: Space Parking
Unit 4
  • Unit 4 Desc: A/C Unit
  • Unit 4 Info: Bedrooms: 1
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Furnished: No
  • Unit 4 Info: Monthly Income: $1,500.00
  • Unit 4 Info: SqFt: 600.0
  • Unit 4 Parking: Open Parking, Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 618 32nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 618 32nd Street

Taxable ValueLand$84,360Additions$281,096Total$365,456
Tax Record2023$6,843 ($570 / month)
Home Facts
Baths4Total Finished SqFt1,440 SqFtAbove Grade Finished SqFt1,440 SqFtStories1Lot Size5,950 SqFtStyleDuplexYear Built1928Year Renovated1975ZoningSF7CountyPALM BEACHAPN74-43-43-09-05-041-0080

Schools near 618 32nd 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

Roosevelt 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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Continental Properties, Inc.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.