Skip To Content
    Return to Previous Page

    700 New York Street

    West Palm Beach, FL 33401
    • $1,279,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: RX-10653285
    $1,279,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,159
      SQFT
    • $405
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1952
    County:

    School Ratings & Info

    Description

    Impeccably maintained 5-unit Art Deco apartment complex in the heart of Historic Grandview Heights. The property consists of 2 2BR/1BTH units & 3 1BR/1BTH units. One 1BR/1BTH unit is in a detached structure that includes a garage, laundry hook-up & driveway. Each light filled, fully furnished unit has a living room, kitchen and TV. Situated on a double lot, the units share a large common yard. Each unit has beautiful well maintained floors throughout & updated bathrooms. Currently run as a vacation rental, but can easily be transitioned into a yearly rental if desired. The entire property is being sold furnished. Cap rate of 6+%, fully documented for 2019 & 2018. Close proximity to Rosemary Square, Palm Beach International Airport, Warehouse District & Grandview Market, & Palm Beach Island

    Monthly Payment Calculator

    www.myrealestateauthority.com/homes/109799736
    Print Image

    700 New York Street West Palm Beach, FL 33401

    • Price: $1,279,000
    • Status: Active
    • ID#: RX-10653285
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    3,159
    SQFT
    $405
    $/SQFT
    1952
    Built
    Neighborhood:
    Grandview Heights
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    Impeccably maintained 5-unit Art Deco apartment complex in the heart of Historic Grandview Heights. The property consists of 2 2BR/1BTH units & 3 1BR/1BTH units. One 1BR/1BTH unit is in a detached structure that includes a garage, laundry hook-up & driveway. Each light filled, fully furnished unit has a living room, kitchen and TV. Situated on a double lot, the units share a large common yard. Each unit has beautiful well maintained floors throughout & updated bathrooms. Currently run as a vacation rental, but can easily be transitioned into a yearly rental if desired. The entire property is being sold furnished. Cap rate of 6+%, fully documented for 2019 & 2018. Close proximity to Rosemary Square, Palm Beach International Airport, Warehouse District & Grandview Market, & Palm Beach Island
    Exterior Features

    Construction Cbs Roof Tar/Gravel

    Interior Features

    Bath Toilets 5.00 Cooling Ceiling FanWall-Win A/C Flooring Terrazzo FloorWood Floor Heating Window/Wall Miscellaneous1 FencedLandscapedSprinkler City Miscellaneous2 StorageTermite Bond Percent Air Conditioned 100.00 Unit1 Furnished Unit1 Full Baths 1 Unit1 Unit Desc 2 Bedroom Unit2 Furnished Unit2 Full Baths 1 Unit2 Unit Desc 2 Bedroom Unit3 Furnished Unit3 Full Baths 1 Unit3 Unit Desc 1 Bedroom Unit4 Furnished Unit4 Unit Desc 1 Bedroom Unit5 Furnished Unit5 Full Baths 1 Unit5 Unit Desc 1 Bedroom

    Property Features

    Available Docs Occupational License Available Info Full FinancialsOwner ManagedPhotosTax Return Expenses Accounting And Legal 91.00 Expenses Common Area Maint 2669.38 Expenses Insurance 2102.00 Expenses Maint And Repair 8975.00 Expenses Management 4583.81 Expenses Miscellaneous 6864.00 Expenses Real Estate Taxes 8053.00 Expenses Total Expenses 46886.19 Expenses Utilities 13548.00 Fire Protection Smoke Alarm For Lease No For Sale Yes Lease Subject To Lease List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Monetary Info Gross Oper Income 122689.00 Monetary Info Net Oper Income 75802.81 Monetary Info Source Of Expenses Tax Return Monetary Info Total Expenses 46886.19 Possession At Closing Sale Includes FixturesFurniture Tax Amount Real Estate Taxes 9515.67 Tax Year 2020 Tenant Pays None Terms Considered CashConventional Type Of Building Resident. Multi-Fam. Use Income Utilities CableElectricPublic SewerPublic Water

    Listing provided courtesy of Coldwell Banker/ Wpb. Listing information © 2020 BeachesMLS
     
    https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_2_RX-10653285-2.jpg https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_2_RX-10653285-2.jpg https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_2_RX-10653285-2.jpg
    Logo
    Real Estate Authority
    5220 S University Drive #210C
    Davie FL, 33328