700 38th Street
West Palm Beach, FL 33407
- 5 beds
- 2 baths
- 1,977 sqft
- $285 per sqft
- 1926 build
- – on site
TURNKEY CASH FLOWING SOBER HOME - OVER $10K/MONTH IN INCOME.Seize this rare opportunity to own a fully operational, high income producing sober home in the heart of West Palm Beach. This 4-bedroom, 2-bathroom property spans 2,433 sq. ft. on almost 6,000 sqft. lot, offering a perfect condition, hassle free investment with management already in place. Generating over $10,000 per month, this is an ideal turnkey asset for investors looking for strong, consistent returns.Great Location, situated in the vibrant and rapidly growing Northwood area, you're just minutes from the Northwood Village, a trendy district with art galleries, boutique shops, and top rated restaurants.This property is a rare find. Schedule your private showing today before this opportunity slips away.
Last checked:
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Last updated Feb 23, 2025
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MLS# RX-11065017 —
The Building
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Year Built:1926
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Construction:CBS
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Stories:2
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Front Exposure:North
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SqFt Total:2433
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SqFt Source:Tax Rolls
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Storm Protection Panel Shutters:Complete
Interior
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Furnished:Yes
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Interior Features:None
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Master Bedroom/Bath:None
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Flooring:Tile, Wood Floor
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Rooms:Laundry-Inside, Laundry-Util/Closet
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SqFt Living:1977
Financial & Terms
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Terms Considered:Cash, Conventional, Exchange, FHA, VA
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Short Sale:No
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Possession:Funding
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HOPA:No Hopa
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Price Per SqFt:$285.79
Location
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Directions:45th Street to Broadway. Turn right on Broadway then make a right onto 38th street. House is 8th down on the left.
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Area:5420
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Latitude:26.747348
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Longitude:-80.058488
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Geographic Area:PB20
The Property
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Parcel ID:74434309050350150
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Zoning:SF7(ci
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Type:Single Family Detached
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Lot SqFt:5,998 Sqft
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Waterfront:None
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Waterfront:No
Listing Agent
- Contact info:
- Agent phone:
- (561) 207-1844
- Office phone:
- (305) 424-2803
Taxes
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Taxes:$7,580.96
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Taxes:City/County
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Tax Year:2024
Beds
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Total Bedrooms:5
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Main Level Bedrooms:2
Baths
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Total Baths:2
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Full Baths:2
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Main Level Baths:1
The Listing
Heating & Cooling
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Heating:Central, Electric
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Cooling:Ceiling Fan, Central, Electric
Utilities
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Utilities:Electric, Public Sewer, Public Water, Water Available
Appliances
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Appliances Included:Dishwasher, Dryer, Freezer, Microwave, Range - Electric, Refrigerator, Smoke Detector, Washer
Schools
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Elementary School:Northmore Elementary School
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Middle School:John F. Kennedy Middle School
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High School:Palm Beach Lakes High School
The Community
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Subdivision:NORTHWOOD ADD
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Subdivision Amenities:None
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Pets Allowed:Yes
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Pets on Premises:No
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Restrictions:Daily Rentals OK, Lease OK
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Governing Bodies:None
Monthly cost estimate
Asking price
$565,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,025
|
| Taxes | $631 |
| Insurance | $155 |
| Utilities | $184 See report |
| Total | $3,995/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/22/25
Feb 22, 2025
|
Listed / Active | BMLS | $565,000 | 219.2% (34.7% / YR) |
|
8/7/24
Aug 7, 2024
|
Price Changed | BMLS | ||
|
5/19/24
May 19, 2024
|
Price Changed | BMLS |
