Home » West Palm Beach » 1620 Avenue E, West Palm Beach, FL 33404 | R10451867/RX-10451867

Industrial For Sale 1620 Avenue E, West Palm Beach, FL 33404

$1,100,000
Price has increased by $592,000

Property Highlights

Listing ID R10451867/RX-10451867 Status of this Listing: Active For Sale Property Type Commercial Sale Industrial Year Built 1966 Time of this property on Rebonus 2323 Day(s)

1620 Avenue E, West Palm Beach, FL 33404

Property Description: Investment Property in the path of progress. The property has undergone extensive renovations, including Brand New Roof, Central HVAC, Interior Tile, exterior facade, Hurricane / Accordion Security Shutters and much more. Building consists of 5 units, all of which are leased to small churches. There is a waiting list to get into this property.*** OWNER IS A BROKER AND IS WILLING TO CONTINUE DOING MANAGEMENT AND LEASING FOR NEW BUYER. NOI is $52,780Full price offers only.... 6% CAP

Useful Info

Previous Asking Price:$1,000,000
Original List Price:$508,000

Lease Details

Lease Terms Description:4 To 6 Year Lease,7-10 Year Lease,Annual Lease,Gross Rent Shown

Land Lot (Parcel) Details

Lot Size Acres:0.31
Lot Features:
  • City Lot

Construction

Number of Units Total:1
Levels:One
Construction Materials:
  • Block
Flooring:
  • Tile
Stories:1

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
  • Security Lights
Roof:
  • Built-up
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Electric
Heating:Yes
Heating System:
  • Central
  • Electric

Taxes and Expenses

Tax Annual Amount:$4,443

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2020

Terms

Documents Available:
  • Survey
Disclosures:
  • Owner Is Listing Agent
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Lease Term:
  • 12 Months
Tenant Pays:
  • Exterior Electric
  • Water
  • Sewer
Lease Considered:No

Community

Subdivision Name:INLET GROVE IN PB 6 P 87
Association Fee Includes:
  • Trash
  • Maintenance Structure
  • Insurance
Complex Name:INLET GROVE IN PB 6 P 87
Senior Community:No
Restrictions:CityRestrictions

Parking

Covered Spaces:0

Utilities

Electric:
  • 100 Amp Service
Utilities Available:
  • Cable Available
  • Electricity Available
  • Water Available

More Details

Other Information:
Data exchange original Listing NumberRX-10451867

Zoning and Legal

Tax Legal Description:INLET GROVE LTS 13 & 14 BLK 6
Real Estate Folio Number (Parcel Number):56434233040060130
Zoning Description:CG

Listing History

Update/EventDate/Days
Published Date:July 30, 2018 11:03 pm
On Market Date:July 30, 2018
Listing Contract Date:July 30, 2018
Price Change Date Time:August 24, 2024 12:00 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:August 24, 2024 1:24 pm
Status Last Changed:September 17, 2022 12:00 am
Photos Last Modified:September 10, 2023 7:02 pm
Last Modified:September 30, 2024 9:27 pm
Days on the Market Reference Date:August 25, 2024
Days on the Market (updated on Last Modified*):2131
Cumulative Days on the Market (updated on Last Modified**):2131

Additional Information

Lot Size Range:,
Number of Photos:9
Location:City Location,Near Airport,City Location
Included:Building & Land,,
Geographical Area:Palm Beach 5270; 5280; 5290
Area:5280
Automated Valuation Display:Yes
Courtesy of:H. Alan Welles Real Est, LLC
Universal Property Id:US-12099-N-56434233040060130-R-N

Location

Show Property Address:Yes
Street Name:Avenue E
Street Number:1620
Street Address:1620 Avenue E
City : West Palm Beach
State : Florida
Zip Code : 33404
County : Palm Beach
Full Address:1620 Avenue E, West Palm Beach, FL 33404
Latitude:N26° 46' 36.8''
Longitude:W81° 56' 37.1''

Neighborhood

Postal City:West Palm Beach

Property Map