NOT LISTED FOR SALE

608 5th St Unit 1-16 West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood
-- Bed
-- Bath
9,300 Sq Ft
0.32 Acres

Last Sold April 20, 2018

Last sale price $1,500,000 $161 Per Sq Ft

40 Days on Market

Highlights

  • Water Views
  • Balcony
  • Tile Flooring
  • 14,000 Sq Ft lot
  • Open Patio
  • 3-minute walk to Alice Mickens Park

About This Home

As of April 2018

608 5th Street includes (16) well appointed 2 bedroom 1 bathroom units in a very centralized location in West Palm Beach with being in close proximity to I-95, public transit including just being a few walking blocks away from the new high speed Brightline Train , as well as The Palm Beach Outlet Mall, City place , and the pristine beaches of Palm Beach, amongst many other local destinations. During ownership the property has gone under updates such as new roof, driveway, and interior upgrades to units to ensure rents can maintain and reach their market value. West Palm Beach has experienced very strong economic growth over the last 5-10 years, owed in-part to steady population growth in South Florida at-large. As one of the country's largest cultural and commercial centers, Palm Beac

Last Agent to Sell the Property

Alexis Shapiro

MRG Associates LLC License #3346131 Listed on: 02/08/2018

MRG Associates LLC

Co-Listed By

Martin Goldstein

MRG Associates LLC License #3263158

Last Buyer's Agent

Gustavo Cepeda

Highlight Realty Corp/LW License #3322766

Highlight Realty Corp/LW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,480

Year Built

  • Built in 1968

Lot Details

  • 0.32 Acre Lot

Property Views

  • Water
  • Garden

Home Design

  • Fiberglass Roof

Interior Spaces

  • 9,300 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Water Not Available

Listing and Financial Details

  • Assessor Parcel Number 74434321060170030

Community Details

Overview

  • 4 Units
  • Clows Subdivision

Building Details

  • Operating Expense $35,835
  • Net Operating Income $122,565

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,480

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: 95 EXIT OKEECHOBEE EAST LEFT ON ROSEMARY THRU CITY PLACE LEFT ON 5TH
  • Year Built: 1968
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 9300.0

Exterior Features

  • Exterior Features: Balcony
  • View: Garden, Water
  • Pool Features: None
  • View: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open
  • Property Condition: Resale
  • Roof: Fiberglass

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: None, Water Not Available
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434321060170030
  • Lot Size Sq Ft: 14000.0
  • Zoning Description: NWD-R(
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 122565.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 35835.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 15480.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2018 04/20/18 Sold $1,500,000 -1.3% $161 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
02/08/2018 02/08/18 For Sale $1,520,000 -- $163 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Alexis Shapiro

    MRG Associates LLC

    Section Image
  • Martin Goldstein

    Seller Co-Listing Agent in 2018

    Martin Goldstein

    MRG Associates LLC

    (561) 310-0935

    Martin Goldstein
    Section Image

  • G

    Buyer's Agent in 2018

    Gustavo Cepeda

    Highlight Realty Corp/LW

    (202) 604-2746

    1 in this area

    31 Total Sales

    Gustavo Cepeda
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10404096

BeachesMLS
Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

608 5th St Unit 1-16, West Palm Beach, FL

This home is located at 608 5th St Unit 1-16, West Palm Beach, FL 33401 since 08 February 2018. This property was built in 1968. 608 5th St Unit 1-16 is a home located in Palm Beach County with nearby schools including Roosevelt Elementary School, Conniston Middle School, and Forest Hill Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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