Modern Living Group
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$2,749,000ACTIVE

5015 N FLAGLER Drive, West Palm Beach, FL 33407

—beds0baths4,264sq ft$645/ sq ft
THE RESIDENCE

About this home

Prime Location on North Flagler Drive, directly across the street from a City Park directly on the Intracoastal Waterway. All 4 units have Park views and partial water views thru the Park. New Luxury construction projects including Alba, Icon, Mandarin Oriental, and others to expand Billionaire's row along North Flagler Drive. Easy walking distance to La Marina Restaurant, Rybovich Megayacht marina, Currie Park, Downtown WPB, and Palm Beach Island. The land is approximately 80' of frontage on Flager and 125' Deep. Concrete Block Construction, All units are 2 bedroom with 1.5 bathrooms and 4 Laundry Rooms. Each unit has a Park facing Patio. Roof & Impact Windows from 2015, New Electric Service, Tankless WH's, Newer Central AC, 8 parking spots. Seller Financing Available with 35% Down Payment subject to review of Buyer financials. Corporate Tenant in place thru 09/2027 that occupies all 4 units, $10,400 monthly income.

THE DETAILS

Property details

List Price$2,749,000
Price / Unit$687,250
Units4
Cap Rate3.27%
Gross Income$124,800/yr
Net Operating Income$89,800
Inside Sq Ft4,264
Year Built1978
ZoningSF7 (city)
Lot Dimensions80 x 125
Property TypeQuadruplex
MLS #B26085831
StatusActive
Original List Price$2,749,000
GRM22.0
Tenant PaysCable TV, Electricity, Repairs
Stories2
Lot Size0.22 acres
Show all details (8 more)
WaterfrontNo
ViewCity,Intercoastal
Days on Market0
Annual Taxes$17,509
FlooringTile
CityWest Palm Beach
Zip Code33407
ConstructionCBSConcreteBlockStructure,Block,Concrete
LOCATION

Where you'll live

Tyler Melik
FEATURED AGENT
Tyler Melik
Real Estate Specialist

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