This fantastic property is located in the highly sought-after Northwood neighborhood, known for its growing appeal and investment potential. With no HOA restrictions, this property offers a world of opportunitiesThe house structure includes two separate apartments a 2/1 and a 1/1, ideal for stable rental income. The Monthly Rental Income of this property currently generates over $4,000 in rental income. With the renovation of the back cottage, you could add $1,300/month or more bringing the total potential income to over $5,000/month. Both units are occupied by long-term tenants, with leases ending in May 2025 and February 2025.
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Listing courtesy of Compass Florida, LLC (Jupiter) Phone: (561) 406-5228
3210 Greenwood Avenue, West Palm Beach, FL, 33407
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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