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$319,999

Beds
4
Baths
2.0
sq ft
1,320

321 W 15th St Unit 1, Riviera Beach, FL 33404

321 W 15th St Unit 1

WEST PALM BEACH, FL 33404

  • 87 days on market
    • Price drop $16,000↓
Highest & best by 11/11! 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.

Details

Property type

Single Family Residence

Lot size

6,421 sq ft

Price per sq ft

$243

Year built

1953

Annual property taxes

$588

HOA

No

Price History

10/28/2024
StellarMLS

StellarMLS #T3551791

Price change
$319,999
-4.76%
10/21/2024
StellarMLS

StellarMLS #T3551791

Price change
$335,999
-1.18%
10/10/2024
StellarMLS

StellarMLS #T3551791

Price change
$339,999
+3.03%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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Status: Active

Tomo last checked: 11/22/2024 at 11:00 AM

Listing updated: 10/28/2024 at 2:51 PM

Listed by: KEVIOUS DOUGLAS, RICHARD PETERS REALTY LLC Phone #: (352) 448-9712

MLS: StellarMLS #T3551791

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