PRICED AT ONLY: $950,000
Address: 904 4th Street, West Palm Beach, FL 33401
Description
EXCEPTIONAL OPPORTUNITY to acquire this 7.8% + CAP RATE NWD Zoning TURNKEY 3 UNIT income producing property( approved for 4 rental units ) located in the path of progress, just West of the NORA development, slated for completion by late 2025. The property is steps away from City Place, the Bright Line, and minutes from ocean beaches, Worth Avenue, and PBI Airport . The property consists of three structures featuring FOUR approved rental units: the main house has a 3 BR/ 1.5 BA unit, & a 5BR /2BA unit; a 1BR/ 1BA Guest House; and a Studio/1 BA cottage. This 6,534 SF lot enjoys NWD zoning. New Roof 2022, renovations in 2023. Offered TURNKEY & FURNISHED. Please do not disturb the tenants. Financials & Zoning info in Documents. Just steps from NORA !
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- MLS#: RX-11073730 ( Quad Plex )
- Street Address: 904 4th Street
- Viewed: 5
- Price: $950,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1925
- Bldg sqft: 0
- Days On Market: 214
- Additional Information
- Geolocation: 26.7169 / -80.061
- County: PALM BEACH
- City: West Palm Beach
- Zipcode: 33401
- Subdivision: Clows
- Provided by: Douglas Elliman
- Contact: Giuliana Torre
- (561) 655-8600
- DMCA Notice
Features
Building and Construction
- Absolute Longitude: 80.060995
- Construction: CBS
- Exterior Features: None
- Flooring: Ceramic Tile
- Roof: Other
- Sqft Source: Tax Rolls
- Sqft Total: 3499.00
- Total Building Sqft: 3430.00
Property Information
- Property Condition: Resale
- Property Group Id: 19990816212116581394000000
Land Information
- Lot Description: < 1/4 Acre
- Lot Dimensions: 50.0 ft x 131.0 ft
- Subdivision Information: Sidewalks
Eco-Communities
- Private Pool: No
- Storm Protection: None
- Waterfront Details: None
Utilities
- Carport Spaces: 0.00
- Cooling: Central
- Heating: Other
- Number Of Stories: 2.0
- Separate Elec Meters: Yes
- Separate Wtr Meters: No
- Utilities: Electric, Public Water
Finance and Tax Information
- Application Fee: 0.00
- Home Owners Association poa coa Monthly: 0.00
- Homeowners Assoc: None
- Income Expenses Annual Net Oper Inc: 73866.00
- Income Expenses Annual Total Expense: 25134.00
- Income Expenses Gross Operating Inc: 99000.00
- Source Of Expenses: Owner
- Tax Year: 2024
Rental Information
- Tenant Pays: Electric
Other Features
- Avail Info: Leases
- Country: United States
- Housing For Older Persons Act: No Hopa
- Legal Desc: CLOWS ADDITION LT 2 BLK 23
- Parcel Id: 74434321060230020
- Special Assessment: No
- Zoning: NWD-R
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- Provided by Palm Beach Real Estate Club, LLC
- Contact Jeremy Schmitt
- (561) 203-0070
- Provided through
- DMCA Notice
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
