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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.
| DAYS ON MARKET | 143 | LAST UPDATED | 1/9/2025 |
|---|---|---|---|
| TRACT | BLUE HERON PARK 04 | YEAR BUILT | 1953 |
| COMMUNITY | 33404 - West Palm Beach | COUNTY | Palm Beach |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Sep 2, '24 | $379,999 |
|---|---|
| Sep 2, '24 - Sep 4, '24 | $349,999 |
| Sep 4, '24 - Sep 9, '24 | $299,999 |
| Sep 9, '24 - Sep 16, '24 | $349,999 |
| Sep 16, '24 - Sep 18, '24 | $369,999 |
| Sep 18, '24 - Sep 25, '24 | $359,999 |
| Sep 25, '24 - Oct 7, '24 | $349,999 |
| Oct 7, '24 - Oct 10, '24 | $329,999 |
| Oct 10, '24 - Oct 21, '24 | $339,999 |
| Oct 21, '24 - Oct 28, '24 | $335,999 |
| Oct 28, '24 - Nov 20, '24 | $319,999 |
| Nov 20, '24 - Jan 2, '25 | $315,999 |
| Jan 2, '25 - Jan 6, '25 | $309,999 |
| Jan 6, '25 - Jan 8, '25 | $305,999 |
| Jan 8, '25 - Jan 9, '25 | $289,999 |
| Jan 9, '25 - Today | $299,999 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | None |
| AREA | 33404 - West Palm Beach |
| CONSTRUCTION | Stucco, Wood Siding |
| HEAT | None |
| LOT | 6534 sq ft |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | BLUE HERON PARK 04 |
| TAXES | 588 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by KEVIOUS DOUGLAS, RICHARD PETERS REALTY LLC
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 1/12/25 2:57 AM PST.
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