511 40th Street
About This Property
1 mile to Downtown West Palm Beach,
1 block from the water..
walking distance to Northwood.
Sprinkler System, Security,hurricane shutters and generator..
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2023 | Sold | ||
| Sold | |||
| Oct 4, 2021 | Sold | ||
| Sold | |||
| Jul 19, 2021 | Listed by Engel & Volkers Wellington | $430,000 | |
| Listed by Engel & Volkers Wellington | |||
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If you have been searching for ''the home'' in Historic Northwood- this is it! This updated home incorporates both historic Florida charm and modern conveniences, boasting a premier West Palm location just a short walk to the water's edge! Featuring two bedrooms, one bathroom, and a one-car garage, This Key West style renovated home is equipped with a new metal roof, hardwood floors, backup generator, tankless water heater, hurricane impact windows and doors, and new paint, plumbing and electrical. The modern kitchen is outfitted with top end stainless appliances, gas stove, new white shaker cabinets, quartz counters and bar seating. Wait til you see the backyard!! This spacious paradise includes an elevated deck, outdoor shower, large paver patio, storage shed, and is fully fenced. The property also features a decorative brick driveway as well as a side yard with double gates for additional parking.
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| Feb 23, 2021 | No longer available | - | |
| No longer available | |||
| Jan 9, 2021 | Relisted | $469,000 | |
| Relisted | |||
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About North Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017