Modern Living Group
Grandview Heights Residence
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$625,000CLOSED

1408 Florida Avenue, West Palm Beach, FL 33401

beds3baths2,400sq ft$260/ sq ft
THE RESIDENCE

About this home

Beautiful investment opportunity in the heart of Historic Grandview Heights. This Triplex features three identical 800 sq ft 2 bedroom 1 bath units. No detail was overlooked during its renovation in 2016. Each unit comes fully equipped with their own washer/dryer, individual A/C, on demand tankless water heater, and stainless steel appliances. Complete with wood-inspired porcelain tile through out the units, this opportunity is sure to impress.

THE DETAILS

Property details

List Price$625,000
Price / Unit$156,250
Units4
Cap Rate7.99%
Gross Income$54,300/yr
Net Operating Income$49,956
Inside Sq Ft2,400
Year Built1985
ConstructionBlock
FlooringTile
ZoningSF14-C2 - Hist.
Property TypeTriplex
MLS #R10597835
StatusClosed
Original List Price$625,000
Close Price$585,000
GRM11.5
Stories1
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WaterfrontNo
ViewCity,Garden
Days on Market98
Annual Taxes$8,632
CityWest Palm Beach
Zip Code33401
Tenant PaysCable TV, Electricity, Insurance, Sewer, Water
LOCATION

Where you'll live

Grandview Heights

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Wolf Velasco
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Wolf Velasco
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