627 32nd Street

West Palm Beach, FL 33407

$820,000
Price
Beds
1,946 Sq. Ft.
$421 / Sq. Ft.
1,946
Sq. Ft.
$421
per Sq. Ft.

Description

This fourplex property has a tremendous cash flow generating a gross annual income of $81,600. Value can be further added to this property by raising rents, submetering utilities, installing laundry facilities, or renovating the interiors. All units are occupied and the tenants are on month-to-month leases which could be readjusted to market rents. The City of West Palm Beach collects waste and landlord pays for just the utilities and property taxes. Actual rents yield a 7.23% capitalization rate....This fourplex property has a tremendous cash flow generating a gross annual income of $81,600. Value can be further added to this property by raising rents, submetering utilities, installing laundry facilities, or renovating the interiors. All units are occupied and the tenants are on month-to-month leases which could be readjusted to market rents. The City of West Palm Beach collects waste and landlord pays for just the utilities and property taxes. Actual rents yield a 7.23% capitalization rate. The Northwood Historic District is known for its historic charm, diverse architectural styles, and sense of community. Located near the heart of downtown West Palm Beach, offering a variety of shops, restaurants, and cultural venues. On top of blocks away from the beach!
  1. Listed by Gustavo A Chaux • Partnership Realty Inc.
  2. Listed by Sergio Chaux • Partnership Realty Inc.

Property Details for 627 32nd Street

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

Location

Listing Courtesy of Partnership Realty Inc.
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LISTING UPDATED: 10/18/2023 10:36 AM

Property Details for 627 32nd Street

StatusActive
MLS #RX-10928257
Days on Market200
Taxes$6,018 / 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 Partnership Realty Inc.
Add your commute

Building Information for 627 32nd Street

Stories1Residences-Year Built1928Building Size-Lot Size0.14 AC / 5,950 SF

Payment Calculator

$4,977 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,475

Property Taxes

$502

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 627 32nd Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: NORTHBOUND ON AUSTRALIAN, RIGHT ON 25TH ST, LEFT ON PINEWOOD AVE, RIGHT ON 32ND ST
  • Geo Area: Palm Beach 5400; 5410; 5450
  • Special Info: Sold As-Is
  • Street Number: 627
  • Subdivision Complex Bldg: NORTHWOOD ADD
  • Municipal Code: West Palm Beach
  • State: FL
  • City Postal ID: 33407
  • MLS Area: 5410
  • MLS Sub Area: PB23
Parking
  • Carport Spaces: 6
Taxes and HOA Information
  • Comm/Trans Brk: 3%
  • HOPA: No Hopa
  • Tax Year: 2022
  • Maintenance Fee Incl: None
Property
Lot Information
  • Area: 5410
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Parcel ID: 74434309050400170
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 3,370
  • Square Ft Source: Tax Rolls
  • Zoning: SF7(ci
Property and Assessments
  • Legal Desc: NORTHWOOD ADD LT 17 BLK 40
  • Sq Ft Liv Area: 1946.0
  • Legal Description: NORTHWOOD ADD LT 17 BLK 40
Utilities
  • Utilities: Electric, Public Water, Water Available
Interior and Exterior Features
Exterior Features
  • Construction: Frame Construction, Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: No
  • Separate Wtr Meters: No
  • Cooling: Wall-Win A/C
  • Flooring: Tile
  • Heating: Central, Electric
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $.00
  • Income & Expenses: Annual Total Expense: $.00
  • Income & Expenses: Gross Operating Inc: $.00
  • Tenant Pays: Cable
Unit 1
  • Unit 1 Desc: A/C Unit, Range - Electric, Refrigerator
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 2,000
  • Unit 1 Info: SqFt: 0.0
  • Unit 1 Parking: Open Parking, Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Kitchen, Range - Electric, Refrigerator
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,900
  • Unit 2 Info: SqFt: 0.0
  • Unit 2 Parking: Open Parking, Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Kitchen, Range - Electric, Refrigerator
  • Unit 3 Info: Bedrooms: 2
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: No
  • Unit 3 Info: Monthly Income: $1,700.00
  • Unit 3 Info: SqFt: 0.0
  • Unit 3 Parking: Open Parking, Space Parking
Unit 4
  • Unit 4 Desc: A/C Unit, Kitchen, Range - Electric, Refrigerator
  • Unit 4 Info: Efficiency
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Monthly Income: $1,350.00
  • Unit 4 Info: SqFt: 0.0
  • Unit 4 Parking: Open Parking, Space Parking
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 627 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 627 32nd Street

Taxable ValueLand$80,660Additions$261,313Total$341,973
Tax Record2023$6,719 ($560 / month)
Home Facts
Beds0Baths2Total Finished SqFt1,040 SqFtAbove Grade Finished SqFt1,040 SqFtStories2Lot Size5,950 SqFtStyleSingle Family ResidenceYear Built1928Year Renovated1974ZoningSF7CountyPALM BEACHAPN74-43-43-09-05-040-0170

Schools near 627 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.

Similar Homes

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627 32nd Street is a multi-family home for sale in West Palm Beach, FL 33407. This property was listed for sale on October 13, 2023 by Partnership Realty Inc., it's currently listed at $820,000. It has been on the market for a total of 200 days and was last sold on January 30, 2014. This listing's school district is Palm Beach. Nearby schools include Northmore Elementary School, Roosevelt Middle School and Palm Beach Lakes High School. 627 32nd Street is a 0-bed, 0-bath, 1,946 sqft multi-family home built in 1928.

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 Partnership Realty 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.