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321 W 15th Street Unit 1

WEST PALM BEACH, FL 33404

4 beds
2 baths
1,320 sqft
6,421 sqft lot
$239 per sqft
1953 build
– on site

Discover a golden opportunity in this multi-family property, perfect for the visionary investor or handy homeowner. This 3/1 & 1/1 multi-family is a diamond in the rough, waiting for your personal touch to unlock its true potential. While the property requires significant renovations, its location is poised for exponential growth. Nearby construction projects and emerging businesses are set to transform the area, promising a bright future for this investment. With an impressive 11% cap rate, this property offers substantial rental income possibilities for the savvy investor. Imagine the satisfaction of breathing new life into this space, creating a comfortable home or lucrative rental units. The property's "as-is" condition presents an exciting canvas for your creativity and renovation skills. Located in a vibrant community, this property benefits from proximity to local amenities. The Inlet Grove Community High School is just a short distance away, perfect for families or student tenants. For commuters, the Mangonia Park train station provides convenient transportation options. Daily necessities are easily accessible with a Family Dollar nearby, while the Riviera Beach Marina Village Event Center offers recreational opportunities for residents to enjoy. Not to mention, the Blue Heron Bridge, one of the country's top-rated beach dive sites, only 5 minutes away. Whether you're an investor seeking strong cash flow or a handyman ready for a rewarding project, this property holds the key to your real estate dreams. Needs Cosmetic rehab. Investor notes: Gross income - $46,440. CC credits and buy down rate options available. Feel free to soft pitch purchase agreements to listing agent before writing anything up. Ask me anything, big or small. I’m happy to help. FULL COOPERATION WITH ALL AGENTS IF THIS IS “NOT ON MY MLS.” Please just reach out to listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.

Listing courtesy of STELLAR_MLS / RICHARD PETERS REALTY LLC

Last checked: Checking… • Last updated Nov 21, 2024 •

MLS# T3551791 —

The Building

Year Built:

1953
New Construction:

false
Construction Materials:

Stucco
Levels:

One
Roof:

Shingle
Foundation Details:

Block
Unit Number:

1
Building Area Total:

1370
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ninguno
Flooring:

Other
Fireplace:

false

Room Dimensions

Living Area:

1320
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From I95-S, Use the 2nd from the right lane to take exit 76 for FL-708 E. Use any lane to turn left onto FL-708 E/W Blue Heron Blvd. Drive 2.1 miles then turn right onto Old Dixie Hwy/President Barack Obama Hwy. Drive 0.6 miles, turn left onto W 13th St. Drive 0.1 miles, turn left onto Avenue H. Drive another 0.1 miles & turn right onto W 15th St. In 423 ft, destination will be on the right.
Latitude:

26.775212
Longitude:

-80.060318
Coordinates:

-80.060318, 26.775212

The Property

Parcel Number:

56434228080040080
Property Type:

Residential
Property Subtype:

Single Family Residence
Lot Size Acres:

0.15
Lot Size Area:

6421
Lot Size SqFt:

6421
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

RS6
Direction Faces:

North
View:

false
Exterior Features:

Private Mailbox
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12099C0393F
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

8
Tax Block:

4
Tax Legal Description:

BLUE HERON PARK PL 4 LT 8 BLK 4
Tax Book Number:

24-22
Tax Annual Amount:

588

Beds

Bedrooms Total:

4

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

None
Heating:

false
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Public
Sewer:

Public Sewer

Appliances

Appliances:

None
Laundry Features:

Common Area

The Community

Subdivision Name:

BLUE HERON PARK 04
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Monthly cost estimate

Asking price

$315,999

Expense	Monthly cost
Mortgage	$1,692
Taxes	$49
Insurance	$86
Utilities	$165 See report
Total	$1,992/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
11/20/24 Nov 20, 2024	Price Changed	STELLAR_MLS	$315,999	-1.3%
10/28/24 Oct 28, 2024	Price Changed	STELLAR_MLS	$319,999	-4.8%
10/21/24 Oct 21, 2024	Price Changed	STELLAR_MLS	$335,999	-1.2%

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This house located in Park Manor, Riviera Beach, FL 33404 is currently for sale for $315,999. 321 W 15th Street Unit 1 is a 1,320 square foot house with 4 beds and 2 baths that has been on Estately for 87 days. 321 W 15th Street Unit 1 is in the Park Manor neighborhood of Riviera Beach and has a WalkScore® of 43, making it car-dependent. This house is in the attendance area of Lincoln Elementary School and John F. Kennedy Middle School.

Listing Courtesy of: STELLAR_MLS and RICHARD PETERS REALTY LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.