415 31st St, West Palm Beach, FL

$2,200,000

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3,905

Square feet

0.50

Acres

About 415 31st St

Welcome to Your Next Investment Opportunity! Renovated Charming Multifamily in Northwood Historic DistrictBeautifully restored 6-unit historical home is a rare gem nestled in the vibrant and artsy Northwood Village. Each apartment is thoughtfully renovated to honor the historic charm while offering all the modern amenities today's vacationers and residents desire. Just steps away from the bustling downtown area, serene intracoastal waterway, and the pristine sandy beaches, this property retains its historical charm, featuring original architectural details, lush gardens, and an intimate courtyard that tell a story of a bygone era.Don't miss your chance to own a piece of West Palm Beach history while enjoying lucrative returns from this thriving rental income producing property!Most of the leases have tenants paying utilities and they agree any lease renewals in the future will require them to pay utilities. We also rent each of the properties as short-term vacation rentals from November to April and each can fetch $200-$300 more per month each in season! Also please see the list of improvements done since purchasing the property in May 2022: " Complete hurricane impact windows and doors. " New roof on both buildings and attic insulation. " Knob & tube wiring completely replaced, all electrical brought up to code. " All lighting replaced with high efficiency LED overhead lighting. " Security system with 3 cameras and 1 motion light. " New deadbolt keyless lock system integrated with WiFi & phone app. " New dryer in laundry room. " Completely remodeled kitchen & bathroom in casa 3 and new plumbing. " Completely remodeled kitchen and lighting in casa 1. " Complete interior painting of all 6 units. " Offered furnished (except what belongs to tenants) and each apartment is fully furnished as seen in the photos. " New landscaping and sprinkler system installed. " New emergency stairwell in the back alley. " Hurricane windows & doors, roofs on both buildings paid off.

Features of 415 31st St

MLS® # RX-11002081
Price $2,200,000
Square Footage 3,905
Acres 0.50
Year Built 1926
Type Commercial
Sub-Type Income
Style Resident. Multi-Fam.
Status Active

Community Information

Address 415 31st St
Area 5600
Subdivision NORTHWOOD ADD
City West Palm Beach
County Palm Beach
State FL
Zip Code 33407

Amenities

Utilities 3-Phase Electric, Public Sewer, Public Water, Cable
Is Waterfront No

Interior

Appliances Furniture
Heating No Heat
Cooling Ceiling Fan, Wall-Win A/C, Paddle Fans
# of Stories 2

Exterior

Lot Description 6 Unit
Roof Fiberglass
Construction Frame/Stucco

Additional Information

Zoning SF14(c
RE / Bank Owned No

Listing Details

OfficeThe Corcoran Group

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