Overview
Closing Costs Calculator- Status: Closed
- Parking 0
- Size: 2,625 ft2/243.87 m2
- Price Per: $190.10 ft2/$2,046.17 m2
- Type: Single Family Home
- Built: 1942
- HOA: No info
- MLS Number: RX-10929351
- View No info
- On Site: 214 days
- Updated: 164 Days Ago
- Page Views: 1
Unfurnished 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
Contact AdvisorDevelopment Amenities
Development Amenities:
- Basketball Court
- Bike And Jog Path
- Park
- Sidewalk
- Street Lights
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 12/08/2023 | Sold | $499,000.00 | $190.10 ft2/$2,046.17 m2 | |
| 10/20/2023 | Listed | $499,000.00 | $190.10 ft2/$2,046.17 m2 |
Features
Property Details for 513 47th, West Palm Beach, FL 33407
North Palm Bch, Single Family Home current status is Closed, 513 47th is a Single Family Home in , West Palm Beach, FL 33407 with property MLS ID# RX-10929351.
This 2625square foot Single Family Home sits on a 2625 square foot lot and features 8 bedrooms and 5 bathrooms. This Single Family Home has been listed on Best of Luxury Realty since October 20, 2023 and is currently priced at 499,000. This property was built in 1942.
- Bedrooms
- Bedrooms: 8
- Bedroom Description: No info
- Bathrooms
- Full Bathrooms: 5
- Half Bathrooms: No info
- Master Bathroom Description: No info
- Exterior and Lot Features
- Exterior Features: No info
- View: No info
- Interior, Heating and Cooling
- Interior Features: Entry Lvl Lvng Area
- Appliances: None
- Heating Description: No Heat
- Cooling Description: No info
- Building and Construction
- Floor Description: Other
- Windows/Treatment: No info
- Construction Type: Frame
- Year Built: 1942
- Waterfront and Water Access
- Waterfront Property: Yes
- Waterfront Frontage: No info
- Waterfront Description: None
- Water Access: No info
- Water Description: No info
- School Information
- Elementary School: No info
- Middle School: No info
- High School: No info
- Other Property Info
- Community Name: North Palm Bch
- Subdivision Name: NORTH PALM BCH 1
- Property Type: Single Family Home
- Property Subtype: A
- Type of Association: Homeowners
- Garage Spaces: 0
- Listing Date: 10/20/2023
- Closing Date: 12/08/2023
- Directions: I-95 East to Broadway, go north to 47th Street, right turn onto 47th street first block
- Pets Allowed: Yes
- Area: 5420
- Brokered By: The Corcoran Group
- Legal Description: NORTH PALM BEACH PLAT NO 1 LT 31 & 32 BLK 20
- Taxes, Fees & More
- Maintenance/HOA Fees: No info
- Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $7,238.00 (2022)
- Real Estate Taxes: No info
- Style Tran: No info
- Special Information: Handyman, Sold As-is
- Security Information: No info
- Pet Restrictions: No info
- Unit Design: Dup/tri/row, Multi-level
- Front Exposure: South
- Model Name: No info
- Previous List Price: No info
- Parking Description: No info
Nearest Schools
Mortgage Calculator
Property Price:
$499,000.00
Initial Payment:
Interest Rate:
Loan Term (in Years):
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Area Specialist
Buyer/Tenant EtiquetteAdbutler placeholder
Tracey Schmitt Office
Real Estate Advisors
Office: (561) 948-1657
Email: info@bestofluxuryrealty.com
This property is courtesy of the The Corcoran Group. This listing has been viewed 1 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
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