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Brian Hawes

brian.hawes@engelvoelkers.com +1(760) 828-8340

$ 319,999

Est. payment -/mo

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Price Dropped by $16K

321 W 15TH ST #1 West Palm Beach, FL 33404

4 Beds

2 Baths

1,320 SqFt

UPDATED:

10/28/2024 10:49 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,320 sqft

Price per Sqft $242

Subdivision Blue Heron Park 04

MLS Listing ID T3551791

Bedrooms 4

Full Baths 2

HOA Y/N No

Originating Board Stellar MLS

Year Built 1953

Annual Tax Amount $588

Lot Size 6,534 Sqft

Acres 0.15

Property Description

Highest & best by 11/11! 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 purchase agreements 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.

Location

State FL

County Palm Beach

Community Blue Heron Park 04

Zoning RS6

Interior

Interior Features Ninguno

Heating None

Cooling Central Air

Flooring Other

Fireplace false

Appliance None

Laundry Common Area

Exterior

Exterior Feature Private Mailbox

Utilities Available Public

Waterfront false

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Block

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Stucco,Wood Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Listed by RICHARD PETERS REALTY LLC

Brian Hawes

Advisor | License ID: SL3425990

+1(760) 828-8340

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