401 Southwind Drive North Palm Beach, FL $ 3,450,000
401 Southwind Drive
$ 3,450,000
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401 Southwind Drive

North Palm Beach, FL, 33408
$ 3,450,000
Baths16.0 Sq 10,304

Monthly Estimate*

$ 22,930

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Studio

Commercial Property for sale in North Palm Beach, FL

for $3,450,000 with 16 full baths. This 10,304 square foot building was built in 1968.

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.

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Commercial Active

Price

$ 3,450,000

Bedrooms

Studio

Full Bath

16

Property Type

Commercial

Taxes

$ 20,028

Style

Income

Year Built

1968

Town/City

North Palm Beach

County/Region

Palm Beach

MLS | Web ID

RX10980489

Features
General
Construction CBS
Heating Central
Cooling Ceiling Fan Central
Utilities Cable Electric Public Sewer
Possession At Closing
Roof Tar/Gravel
Zoning R3(cit
Status Active
Year Built 1968
Subdivision NORTH PALM BEACH VILLAGE OF 3
Stories 2.0
Type MultiFamily (5+ Units)
Property Type E
Area 5260
Auction No
Tax Year 2023
Terms Considered Cash Conventional Other
Use Income Other
Virtual Tour https://www.propertypanorama.com/401-Southwind-Drive-North-Palm-Beach-FL-33408/unbranded
Geo Area PB29
Legal Description NORTH PALM BEACH VILLAGE OF PL 3 LT 16 BLK 38
Total Expenses 30500.00
Assoc Fees 0.00
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Exterior
Waterfront No
Lot Size 0.35
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Interior
Flooring Ceramic Tile
Total Number of Units 8
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Internal Only
OriginalMLSID RX-10980489
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* Excluded Features
List By
Jeffery D Green

Listing Agent

Palm Beachers Realty Llc

Broker

regcjeff@gmail.com

Email

Affordability Calculator

$24,599
Per Month
93%
7%
0%
Monthly Principal & Interest
$22,930
Monthly Property Taxes
$1,669
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
368239 Elementary School
368240 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2024$3,450,000 Listed Price

Map


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401 Southwind Drive, North Palm Beach, FL, 33408 is a Commercial Property for sale at $3,450,000 with 10,304 sqft. 401 Southwind Drive is a studio with 16.0 baths and was built in 1968. The property's zip code is 33408 which is in North Palm Beach, FL