- 8
- Bedrooms
- 5/0
- Full/Half Baths
- 2,625
- SQ. Feet
- 0
- Garage
Presenting a unique opportunity for an investor to acquire a strong cash flow asset with major value add opportunity. 513 47th Street is located in the Northwood neighborhood of West Palm Beach where there is a strong rental market and ever growing demand. This multifamily consists of 3 buildings, 5 possible units in total (currently 4) which have been gutted and preliminary plans drawn to show highest and best use. The planned units are listed below along with their renovated rent projections. Property needs full rehab. The renovated property can generate $7,700 a month. That's a 10% CAP rate!Unit #1 650 SF 2/1 $1,700Unit #2 650 SF 2/1 $1,700Unit #3 650 SF 2/1 $1,700Unit #4 275 SF Studio $1,200Unit #5 400 SF 1/1 $1,400
Property Map
Basic Info
- Status: Closed
- Status_Change_Date: 2023-12-08
- MLS: RX-10929351
- Price: $499,000
- Bedrooms: 8
- BathsFull: 5
- PrivatePool: No
- SqFtLiving: 2625
- SqFtTotal: 2625
- Year Built: 1942
- Taxes: 7238
- Subdivision: NORTH PALM BCH 1
Property Details
- Waterfront_Desc: None
- Type: Single Family Detached
- 55+?: No Hopa
- VIRTUAL_TOUR: https://www.propertypanorama.com/513-47th-Street-West-Palm-Beach-FL-33407/unbranded
- Property Type: A
- TaxYear: 2022
- Waterfront: No
- PetsAllowed: Yes
Exterior Features
- LotSqFt: 5256
- Front_Exp: South
- TotalStories: 2
- TotalUnits: 5
- Zoning: SF7(ci
Association Info
- Governing_Bodies: None
- Address: 513 47th Street
- Homeowners_Assoc: None
- Membership_Equity: No
Interior Features
- LIST_1: 20231005210330546439000000
School Information
Other Information
- State: FL
- Parcel_ID: 74434304040200310
- Area: 5420
- Legal_Desc: NORTH PALM BEACH PLAT NO 1 LT 31 & 32 BLK 20
- List_Number_Main: 10929351
- Geo_Area: PB20
- Street_Name: 47th
- StreetNumber: 513
- longitude: -80.054916
- County: Palm Beach
- City: West Palm Beach
- latitude: 26.754490
Please fill out the form and click the 'SUBMIT' button for more information:
Please note that we take your privacy seriously. This is a significant financial transaction and any details you share with us will be kept confidential. We do NOT sell any of our data, nor will we contact you for any reason beyond the scope of our services.
All real estate advertised herein is subject to the "Federal Fair Housing Act", which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.
This information contained herein is deemed reliable, but not guaranteed. The Buyer is responsible for verifying all information. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is updated on a daily basis however some properties which appear for sale on this web site may subsequently have sold and/or may no longer be available.
This Information was updated 2023-12-08 13:28:03.