401 Southwind Drive
North Palm Beach, Florida

MLS#: RX-10980489

$3,400,000 USD

  • Total rooms
    16
  • Minimum sellable space
    957m²  (10,304ft²)
The details

Property features

Construction details

  • Year built: 1968
  • Roofing: tar and gravel

Other features

  • Cooling system: Ceiling Fan Central
  • Heating system: Central

Area

  • Property size: 957m²  (10,304ft²)
  • Land/Lot size: 1,416m²  (0.35ac)
  • Bathrooms: 16
  • Total rooms: 16

Description

DO NOT DISTURB TENANTS....INCOME = $239,000 / NOI = $209,000Fully 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.

Location

North Palm Beach, Florida
Courtesy of Jeffery D Green Palm Beachers Realty LLC