Price Reduced 5.26%
Price History
$379,999
8/27/2024
$349,999
9/2/2024
$329,999
9/4/2024
$299,999
9/4/2024
$349,999
9/9/2024
$369,999
9/16/2024
$359,999
9/18/2024
321 W 15th STREET, #1, West Palm Beach, FL, 33404
5 rooms
4 beds
2 Full baths
1953
1,320 sqft
Highest & best offer by 9/23! Discover a golden opportunity in this multi-family property, perfect for the visionary investor or handy homeowner. This 3/1 & 1/1 multi-family is a diamond in the rough, waiting for your personal touch to unlock its true potential. While the property requires significant renovations, its location is poised for exponential growth. Nearby construction projects and emerging businesses are set to transform the area, promising a bright future for this investment. With an impressive 11% cap rate, this property offers substantial rental income possibilities for the savvy investor. Imagine the satisfaction of breathing new life into this space, creating a comfortable home or lucrative rental units. The property's "as-is" condition presents an exciting canvas for your creativity and renovation skills. Located in a vibrant community, this property benefits from proximity to local amenities. The Inlet Grove Community High School is just a short distance away, perfect for families or student tenants. For commuters, the Mangonia Park train station provides convenient transportation options. Daily necessities are easily accessible with a Family Dollar nearby, while the Riviera Beach Marina Village Event Center offers recreational opportunities for residents to enjoy. Not to mention, the Blue Heron Bridge, one of the country's top-rated beach dive sites, only 5 minutes away. Whether you're an investor seeking strong cash flow or a handyman ready for a rewarding project, this property holds the key to your real estate dreams. Needs Cosmetic rehab. Investor notes: Gross income - $46,440. CC credits and buy down rate options available. Feel free to soft pitch offers to listing agent before writing anything up. Ask me anything, big or small. I’m happy to help. FULL COOPERATION WITH ALL AGENTS IF THIS IS “NOT ON MY MLS.” Please just reach out to listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.
Status:
Active
Type:
Single-family residential
Laundry Remarks:
Common Area
Subdivision:
BLUE HERON PARK 04
Heating:
None
Cooling:
Central Air
Acreage:
0.15
Est. Taxes:
$588
Construction
Stucco, Wood Siding
Utilities
Public
Days on Market:
22
Appliances:
None
Min Lease Term:
1 Month
MLS #:
T3551791
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of RICHARD PETERS REALTY LLC Phone: 352-448-9712