Conveniently Located 4 Unit Multi-Family Home Just Minutes From The Beach. 🌴🌊

Description

~ Buy and Hold or Flip ~
Located in “NORTHWOOD ADD” Subdivision

Offers lots of possibilities, street parking for 6/8 cars. Located near historic Old Northwood close to booming Broadway/Dixie area of trendy shops, restaurants and art galleries. Close to St Mary’s Hospital,5 mins to new Brightline Train Station with express service to Ft Lauderdale and Miami, 10 mins to Cityplace, 15 mins to Palm Beach International Airport

Key Features 🔑
12 minutes to the Beach 🏖️

11 minutes from City Plaza 🛒

18 minutes from Palm Beach Airport ✈️

Property Details 🏠
Rehab Level: Light

Construction: Block

Electrical Panel: Good Condition

Air Conditioner: 5-10 years

Water Heater: Good Condition

Roof: 10 years

Occupancy: Rented

Opportunity💰
Front House – 2 units:
Unit 1: rented out for $2,100 – M2M
This kitchen was painted 2 years ago
Shower floor was changed 2 years ago

Unit 2: rented out for $2,000 – M2M

Back House – 2 units – 2/1 & efficiancy:
Unit 1: (2/1) rented out for $1,700 – 1 year lease expires May 31, 2025
Window AC and Age is about 5 -10 years old

Unit 2: rented out for $1,350 1 year lease expires Jan 31, 2025
This Unit has Window AC —– Age is about 5-10 years
This kitchen was painted 2 years ago
Shower floor was changed 2 years ago

Local rents for 2/1’s $3,000 a month
Efficiancies rent out for $1,250 a month

Property Details:
1 water meter and 2 electric meters (Utilites included in all monthly rents)
City Sewer

Don’t miss this opportunity to get the best deal in the neighborhood!