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401 Southwind Drive, North Palm Beach, FL 33408 | For Sale


Property Highlights

Listing ID R10980489/RX-10980489 Status of this Listing: Active For Sale Property Type Commercial Sale Multi Family Year Built 1968 Time of this property on Rebonus 25 Day(s)
37 Photos of this Property

401 Southwind Drive, North Palm Beach, FL 33408

Property Description: DO NOT DISTURB TENANTS....INCOME = $239,000 / NOI = $209,000Fully Remodeled, New Everything, 8 Unit Apartment Building, Each Unit Separate Electric and Water Meters. Each Unit has 3 Bedrooms and 2 Bathrooms with Balconies and/or Fenced in Yards. Income and Expenses on MLS under Documents with Room to Raise Rents. All Tenants On Annual Leases, with Rent Increases Scheduled Annually Per Lease. Each Tenant was screened and Paid $6,300 or More w/ Pet Fee at Move In, 1st Month, Last Month, & 1 Month Deposit. This is a Great Building that will require No Work as over $500,000 was put into the building in the start of 2020, As you see the Photos. Every Unit looks like the photos completely redone & Balconies Look onto the Water, 1st Floor Patios have Fenced yards.

Useful Info

Original List Price:$3,450,000

Land Lot (Parcel) Details

Lot Size Acres:0.35


Number of Units Total:1
Construction Materials:
  • Block
  • Ceramic Tile

Property Features

  • Smoke Detector(s)
  • Tar/gravel
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$20,029

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 Appraiserā€™s Office.

Tax Year:2023


Documents Available:
  • Survey
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Close Of Escrow
Tenant Pays:
  • Exterior Electric
  • Water
Lease Considered:No


Senior Community:No


Covered Spaces:0


  • Public Sewer
Utilities Available:
  • Cable Available
  • Electricity Available
  • Sewer Available

More Details

Other Information:
Data exchange original Listing Number: RX-10980489

Zoning and Legal

Tax Legal Description:NORTH PALM BEACH VILLAGE OF PL 3 LT 16 BLK 38
Real Estate Folio Number (Parcel Number):68434216040380160
Zoning Description:R3(cit

Listing History

Published Date:April 22, 2024 11:01 am
On Market Date:April 22, 2024
Listing Contract Date:April 22, 2024
Last Important Update Description:New Listing
Date and Time of Last Important Update:April 22, 2024 11:10 am
Status Last Changed:April 22, 2024 12:00 am
Photos Last Modified:April 22, 2024 4:50 pm
Last Modified:May 16, 2024 2:52 pm
Days on the Market Reference Date:May 16, 2024
Days on the Market (updated on Last Modified*):24
Cumulative Days on the Market (updated on Last Modified**):24

Additional Information

Lot Size Range:,
Number of Photos Count:37
Geographical Area:Palm Beach 5260; 5300; 5310; 5320
Ref ID:1071098988
Automated Valuation Display:Yes
Courtesy of:Palm Beachers Realty LLC
Universal Property Id:US-12099-N-68434216040380160-R-N


Show Property Address:Yes
Street Name:Southwind Drive
Street Number:401
Street Address:401 Southwind Drive
City : North Palm Beach
State : Florida
Zip Code : 33408
County : Palm Beach County
Full Address:401 Southwind Drive, North Palm Beach, FL 33408
Latitude:N26° 48' 34.9''
Longitude:W81° 56' 1.6''


Postal City:North Palm Beach

Property Map