401 Southwind Drive, North Palm Beach, FL 33408

1968

YEAR BUILT

$3,450,000

LISTING PRICE

MultiFamily (5+ Units)

TYPE

MLS#: RX-10980489

Type of Building: Free Standing and Resident. Multi-Fam.


For More Information Call:

561-283-4663

DO NOT DISTURB TENANTS....Fully Remodeled, New Everything, 8 Unit Apartment Building, Each Unit Separate Electric and Water Meters. Each Unit has 3 Bedrooms and 2 Bathrooms with Balconies and/or Fenced in Yards. Income and Expenses on MLS under Documents with Room to Raise Rents. All Tenants On Annual Leases, with Rent Increases Scheduled Annually Per Lease. Each Tenant was screened and Paid $6,300 or More w/ Pet Fee at Move In, 1st Month, Last Month, & 1 Month Deposit. This is a Great Building that will require No Work as over $500,000 was put into the building in the start of 2020, As you see the Photos. Every Unit looks like the photos completely redone & Balconies Look onto the Water, 1st Floor Patios have Fenced yards.


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This listing is courtesy of Palm Beachers Realty LLC. Real Estate and Luxury homes in Boca Raton, Delray Beach, Deerfield Beach, Juno Beach, 0 Lake Worth, Palm Beach Gardens, West Palm Beach and surrounding areas in Palm Beach County and South Florida. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

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  • Acres0.35 acres
  • Available DocumentsSurvey
  • Available InformationDeed and Title/ Abstract
  • Built DescriptionResale
  • CityNorth Palm Beach
  • ConstructionCBS
  • CoolingCeiling Fan and Central
  • CountyPalm Beach
  • Directions95 to East on Northlake to Southwind Drive, Building on Left
  • Expenses: Total Expenses$30,500
  • Fire ProtectionSmoke Detector
  • FlooringCeramic Tile
  • For LeaseNo
  • For SaleYes
  • HeatingCentral
  • LeaseNone
  • Legal DescriptionNORTH PALM BEACH VILLAGE OF PL 3 LT 16 BLK 38
  • List Price$3,450,000
  • List Price/SqFt$334.82 / sqft
  • Listing DateMonday, April 22nd, 2024
  • Listing IDRX-10980489
  • Listing Price$3,450,000
  • Listing StatusActive
  • Monetary Info: Gross Operating Income$239,700
  • Monetary Info: Net Operating Income$209,200
  • Monetary Info: Source of ExpensesOwner
  • Monetary Info: Total Expenses$30,500
  • Multiple Offers AcceptedNo
  • Number of Meters8
  • Number of Stories2
  • Number of Toilets16
  • Percent Air Conditioned100%
  • PossessionAt Closing
  • Property Description8 Unit Building
  • Property TypeCommercial
  • Real Estate Taxes$20,028.60
  • RoofTar/Gravel
  • Sale IncludesBuilding and Land and Fixtures
  • SqFt SourceTax Rolls
  • State/ProvinceFL
  • StatusActive
  • Status Change DateMonday, April 22nd, 2024
  • Street NameSouthwind
  • SubdivisionNorth Palm Beach Village Of 3
  • Tax Year2023
  • Tenant PaysCommon Area Maint., Electric and Water
  • Terms ConsideredCash, Conventional and Other
  • Total Building SqFt10,304 sqft
  • Total Units in Building8
  • TypeMultiFamily (5+ Units)
  • Type of BuildingFree Standing and Resident. Multi-Fam.
  • Unit 1: Annual Rent$2,700
  • Unit 1: Full Baths2
  • Unit 1: Number of Units8
  • Unit 1: Unit Description3 Bedroom
  • UtilitiesCable, Electric and Public Sewer
  • Virtual TourYes
  • WaterfrontNo
  • Year Built1968
  • Zip Code33408
  • ZoningR3(cit

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