Pending

321 W 15TH ST #1

WEST PALM BEACH FL, 33404

$299,999


$227.27 per sqft

Pending

4 Beds

2 Baths

1,320 sqft

Residential

Built in 1953

Under contract-accepting backup offers. Discover a golden opportunity in this multi-family property, perfect for the visionary investor or handy homeowner. This 3/1 & 1/1 multi-family is a diamond in the rough, waiting for your personal touch to unlock its true potential. While the property requires significant renovations, its location is poised for exponential growth. Nearby construction projects and emerging businesses are set to transform the area, promising a bright future for this investment. With an impressive 11% cap rate, this property offers substantial rental income possibilities for the savvy investor. Imagine the satisfaction of breathing new life into this space, creating a comfortable home or lucrative rental units. The property's "as-is" condition presents an exciting canvas for your creativity and renovation skills. Located in a vibrant community, this property benefits from proximity to local amenities. The Inlet Grove Community High School is just a short distance away, perfect for families or student tenants. For commuters, the Mangonia Park train station provides convenient transportation options. Daily necessities are easily accessible with a Family Dollar nearby, while the Riviera Beach Marina Village Event Center offers recreational opportunities for residents to enjoy. Not to mention, the Blue Heron Bridge, one of the country's top-rated beach dive sites, only 5 minutes away. Whether you're an investor seeking strong cash flow or a handyman ready for a rewarding project, this property holds the key to your real estate dreams. Needs Cosmetic rehab. Investor notes: Gross income - $46,440. CC credits and buy down rate options available. Feel free to soft pitch purchase agreements to listing agent before writing anything up. Ask me anything, big or small. I'm happy to help. FULL COOPERATION WITH ALL AGENTS IF THIS IS "NOT ON MY MLS." Please just reach out to listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.

T3551791

MLS ID

August 27, 2024

Listed

January 20, 2025

Updated

Map

321 W 15TH ST #1
WEST PALM BEACH FL, 33404

Interior Features

Total Stories

1


Bedrooms

4


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Ninguno


Appliances

None


Laundry Description

Common Area


Floor Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

0.15 Acres


Exterior Features

Private Mailbox


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

33404 - West Palm Beach


Taxes

$588


Tax Frequency

Annually


Days on Market

141


Association Fee Frequency

Monthly


Garage

No


View

No


County

Palm Beach


Municipality

42


Water Source

Public


Pool

No


Zoning

RS6

Listing History

Date

Event

Price

1/20/2025

Pending

1/9/2025

Price change

$299,999

3%

1/8/2025

Price change

$289,999

-6%

1/6/2025

Price change

$305,999

-2%

1/2/2025

Price change

$309,999

-2%

11/20/2024

Price change

$315,999

-2%

10/28/2024

Price change

$319,999

-5%

10/21/2024

Price change

$335,999

-2%

10/10/2024

Price change

$339,999

3%

10/7/2024

Price change

$329,999

-6%

9/25/2024

Price change

$349,999

-3%

9/18/2024

Price change

$359,999

-3%

9/16/2024

Price change

$369,999

5%

9/9/2024

Price change

$349,999

16%

9/4/2024

Price change

$299,999

-10%

9/4/2024

Price change

$329,999

-6%

9/2/2024

Price change

$349,999

-8%

Listed by RICHARD PETERS REALTY LLC
Listing Contact: 813-417-1391 

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Data last updated 1/20/2025, 11:40 PM UTC

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