627 32nd St, West Palm Beach, FL, 33407

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627 32nd St, West Palm Beach$820,000

Buyer Closing Credits

$9,738^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeQuadruplex

Year Built1928

HeatingCentral, Electric

CoolingWindow Unit(s)

WaterfrontNone

MLS #RX-10928257

StatusActive

About 627 32nd St

This fourplex property has a tremendous cash flow generating a gross annual income of $81,600. Value can be further added to this property by raising rents, submetering utilities, installing laundry facilities, or renovating the interiors. All units are occupied and the tenants are on month-to-month leases which could be readjusted to market rents. The City of West Palm Beach collects waste and landlord pays for just the utilities and property taxes. Actual rents yield a 7.23% capitalization rate. The Northwood Historic District is known for its historic charm, diverse architectural styles, and sense of community. Located near the heart of downtown West Palm Beach, offering a variety of shops, restaurants, and cultural venues. On top of blocks away from the beach!

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Property Details

Property Features

Property Information:

• Year Built: 1928
• Stories: 1
• Living Area: 1,946 SqFt

Listing Office:

• Office Name: Partnership Realty Inc.
• Office Phone: (561) 355-0270
• Listing Agent: Gustavo A Chaux

Interior Features

Interior Information:

• Flooring Type: Tile

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: None
• Exterior: None

Virtual/3D Tour

• Virtual Tour: 627 32nd St

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Utilities

Utilities Information:

• Heating: Central, Electric
• Cooling: Window Unit(s)

School Info

Assigned Schools Information:

• Palm Beach Lakes High School, Public Magnet Grades PK-12
• Roosevelt Middle School, Public Magnet Grades 6-8
• Northmore Elementary School, Public District Grades KG-5

Other

Directions Information:

• Directions: NORTHBOUND ON AUSTRALIAN, RIGHT ON 25TH ST, LEFT ON PINEWOOD AVE, RIGHT ON 32ND ST

Price Information

Listing Price Info

Price Summary:

• List Price: $820,000
• Price Per SqFt: $421/SqFt

Tax Information:

• Annual Amount: $3,864
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in West Palm Beach, FL.

West Palm Beach, FL

City

Med. Sold Price

$386.2K

Med. Price/SqFt

$267

Avg. Days On Market

59

# of Sold Homes

345

627 32nd St vs West Palm Beach

197 DAYS ON ROCKET

+138 Days

$820,000

+$433.7K More

$421/SqFt

+$154 More

KEY TAKEAWAY

This property is $433.7K more than the Median Sold Price and $154/SqFt more than other homes in West Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-10928257

Listing Office:

• Office Name: Partnership Realty Inc.
• Office Phone: (561) 355-0270
• Listing Agent: Gustavo A Chaux

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 10:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Feb 12, 2014	Feb 12, 2014Home Sold	$61,000
Feb 12, 2014	Feb 12, 2014Home Sold	$69,000
Dec 05, 2005	Dec 05, 2005Home Sold	$219,000
Jan 27, 2004	Jan 27, 2004Home Sold	$158,000
Apr 30, 1998	Apr 30, 1998Home Sold	$60,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$3,864	$192,478
2019	$3,544	$119,647
2018	$3,255	$108,770
2017	$2,739	$98,882

History based on county public records data.

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**Disclosures

Rocket Homes›Florida›Palm Beach County›West Palm Beach›33407›627 32nd St

This home is located at 627 32nd St in West Palm Beach, FL and zip code 33407 in the Northwood Pines neighborhood. This 1,946 square foot home was built in 1928. It has been listed on Rocket Homes since October 17, 2023 and is currently priced at $820,000.

While more than 29 listings in West Palm Beach, FL in April 2024 were sold above asking price, there were more than 42 listings sold at asking price, and more than 274 were sold below. The number of homes for sale in West Palm Beach, FL increased by 6.5% between March 2024 and April 2024. In April 2024, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $386,296.

From Rocket Homes Real Estate and based on county public records data.