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Palm Beach Post
For Sale For Rent
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bedrooms
bedrooms
4
bathrooms
bathrooms
2
square feet
square feet
1,320
acreage
Acreage
0.15
open houses
Open Houses
-
year built
year built
1953
full baths
Full Baths
2
half baths
Half Baths
0
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.
Location
Subdivision BLUE HERON PARK 04
County Palm Beach
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: T3551791
Listing agent: Kevious Douglas #3609835
Listing broker: Richard Peters Realty Llc (352) 448-9712
Copyright © 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Friday, December 6 2024 at 8:40 p.m. EST
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