714 47th St West Palm Beach, FL 33407
Northwood Legacy Neighborhood
--
Bed
--
Bath
2,453
Sq Ft
6,578
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Ceramic Tile Flooring
- 2-minute walk to Fogleman Park
About This Home
As of March 2025Investors opportunity is knocking at the door. This property features four fully leased units on Yearly lease, offering a fantastic cash flow opportunity. Located in the vibrant heart of West Palm Beach, it's just minutes from downtown, the railway station, the supermarket, and top-rated schools. This prime location ensures convenience and strong returns.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,089
Year Built
- Built in 1955
Interior Spaces
- 2,453 Sq Ft Home
- 1-Story Property
- Ceramic Tile Flooring
Utilities
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Assessor Parcel Number 74434304050250611
Community Details
Overview
- 4 Units
- North Palm Bch Pl 2 Subdivision
Building Details
- Operating Expense $18,000
- Net Operating Income $60,240
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2025 03/19/25 | Sold | $610,000 | +1.7% | $249 / Sq Ft |
| 03/12/2025 03/12/25 | For Sale | $599,900 | 0.0% | $245 / Sq Ft |
| 03/05/2025 03/05/25 | Off Market | $599,900 | -- | -- |
| 02/19/2025 02/19/25 | For Sale | $599,900 | +733.2% | $245 / Sq Ft |
| 08/10/2012 08/10/12 | Sold | $72,000 | -19.9% | $34 / Sq Ft |
| 07/11/2012 07/11/12 | Pending | -- | -- | -- |
| 01/13/2012 01/13/12 | For Sale | $89,900 | -- | $42 / Sq Ft |
Source: BeachesMLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,089 | $231,242 | -- | -- |
| 2023 | $5,952 | $210,220 | $90,224 | $245,291 |
| 2022 | $5,334 | $191,109 | $0 | $0 |
| 2021 | $4,826 | $212,064 | $36,400 | $175,664 |
| 2020 | $4,679 | $219,112 | $58,500 | $160,612 |
| 2019 | $4,301 | $188,921 | $52,000 | $136,921 |
| 2018 | $3,490 | $141,806 | $26,072 | $115,734 |
| 2017 | $3,169 | $129,456 | $13,722 | $115,734 |
| 2016 | $2,959 | $107,876 | $0 | $0 |
| 2015 | $2,791 | $98,069 | $0 | $0 |
| 2014 | $2,644 | $90,889 | $0 | $0 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $50,000 | New Conventional | |
| Previous Owner | $231,000 | Unknown | |
| Previous Owner | $16,600 | Credit Line Revolving | |
| Previous Owner | $172,500 | Purchase Money Mortgage | |
| Previous Owner | $176,700 | Purchase Money Mortgage | |
| Previous Owner | $135,000 | Purchase Money Mortgage | |
| Previous Owner | $119,000 | Purchase Money Mortgage | |
| Previous Owner | $72,000 | Stand Alone First | |
| Previous Owner | $44,600 | New Conventional |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $610,000 | Truly Title | |
| Warranty Deed | $133,000 | None Available | |
| Warranty Deed | $115,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $72,000 | Universal Land Title Llc | |
| Warranty Deed | $230,000 | -- | |
| Warranty Deed | $186,000 | Flagler Title Company | |
| Warranty Deed | $150,000 | -- | |
| Warranty Deed | $170,000 | Approved Title Closers Inc | |
| Warranty Deed | $72,000 | Express Land Title Inc | |
| Warranty Deed | $70,000 | -- |
Source: Public Records
Similar Homes in West Palm Beach, FL
Source: BeachesMLS
MLS Number: R11063803
APN: 74-43-43-04-05-025-0611
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