415 31St St West Palm Beach, FL 33407
- Commercial real estate
- 3,905 SF
Current Use by Public Records
- Commercial real estate
Property Details for 415 31St St
- Year built
- 1926
- Property size
- 3,905 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a beautifully restored, six-unit multifamily property nestled in West Palm Beach's vibrant Northwood Historic District. Built in 1926, this 3,905 square foot property boasts significant recent renovations completed in 2022, including a new roof on both buildings, complete hurricane impact windows and doors, updated electrical systems (replacing knob and tube wiring), high-efficiency LED lighting, a new security system, and a keyless entry system. All six units have undergone interior renovations, with complete kitchen and bathroom remodels in two units, and fresh paint throughout. The property also features new landscaping and a sprinkler system, and a new emergency stairwell. Each unit is offered furnished (excluding tenant belongings) and is currently generating rental income. Many tenants pay their own utilities, and short-term vacation rentals (November-April) command higher seasonal rates, further enhancing the property's income potential. The property's prime location offers proximity to downtown, the intracoastal waterway, and pristine beaches, ensuring strong tenant demand. This meticulously maintained property retains its original architectural details, lush gardens, and an intimate courtyard, offering a unique blend of historic charm and modern amenities. The asking price is $2,200,000. This is a rare opportunity to acquire a piece of West Palm Beach history with substantial financial returns.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Palm Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0534268
- Latitude
- 26.7419476
