tomo logo

$565,000

Beds
5
Baths
2.0
sq ft
1,977

700 38th St, West Palm Beach, FL 33407

700 38th St

West Palm Beach, FL 33407

  • <1 day on market
TURNKEY CASH FLOWING SOBER HOME - OVER $10K/MONTH IN INCOME.Seize this rare opportunity to own a fully operational, high income producing sober home in the heart of West Palm Beach. This 4-bedroom, 2-bathroom property spans 2,433 sq. ft. on almost 6,000 sqft. lot, offering a perfect condition, hassle free investment with management already in place. Generating over $10,000 per month, this is an ideal turnkey asset for investors looking for strong, consistent returns.Great Location, situated in the vibrant and rapidly growing Northwood area, you're just minutes from the Northwood Village, a trendy district with art galleries, boutique shops, and top rated restaurants.This property is a rare find. Schedule your private showing today before this opportunity slips away.

Details

Property type

Single Family Residence

Est. home value

$423,761

Lot size

5,998 sq ft

Price per sq ft

$286

Year built

1926

Annual property taxes

$7,581

Price History

02/22/2025
Beaches

Beaches #R11065017

Listed
$565,000
08/09/2024
Beaches

Beaches #R10974462

Removed
$565,000
08/07/2024
Beaches

Beaches #R10974462

Price change
$565,000
-5.68%

Schools & Community

Neighborhood: 

Pinewood Park

Elementary school: 

Northmore

Middle school: 

John F. Kennedy (Palm Beach)

High school: 

Palm Beach Lakes

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$274,748
Asking price
$565,000
Closing costs (~8% of asking)
-$45,200
Est. remaining loan balance
-$245,052
Cash to seller
$274,748

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

March 2021

Original loan amount

$269,000

Est. remaining balance

$245,052

Interest rate

2.73%

Loan type

VA, 30 year

Seller

Ivan Horsky Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 12:00 AM

Listing updated: 02/22/2025 at 9:55 PM

Listed by: Alexander Moein, Debuire International Realty Phone #: (305) 424-2803

MLS: Beaches #R11065017

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