206 Inlet Way, Palm Beach Shores, FL 33404 (MLS # RX-10473118)

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PRICE $3,600,000 dsIDX morgage calculator
SIZE 5,236 sq ft
LOT SIZE 18,730 sqft

New SVN Income-Producing Multifamily, Single-Family Guest Cottages, or Redevelopment Opportunity. 206 Inlet Way contains a total of ten units. Renovations are underway for units 2, 3 & 4. This multi-family property includes four studios, five one-bedroom units, one unit being on the second floor, and one two-bedroom unit. Situated on 0.43+/- acres with 75+/- feet of waterfront, this property includes a swimming pool, and gorgeous, unobstructed views of the Palm Beach Inlet, Atlantic Ocean, and the Island of Palm Beach. If desired, this property can be acquired with 150 & 200 Inlet Way for a total of 23-units spanning 1.34+/- acres along 225+/- feet of waterfront. Redevelopment options for the whole portfolio include an increase to a 40+/--unit MF development project, or a 74+/--unit hotel

DAYS ON MARKET 93 LAST UPDATED 1/15/2019
TRACT PALM BEACH SHORES YEAR BUILT 1953
COUNTY Palm Beach STATUS Conditional
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Oct 19, '18 $2,500,000
Oct 19, '18 - Today $3,600,000


ADDITIONAL DETAILS
AIR Central Individual
AIR CONDITIONING Yes
HEAT Central Individual
LOT 0.43 acre(s)
LOT DESCRIPTION RESIDENTIAL INCOME
STORIES 1
SUBDIVISION PALM BEACH SHORES
TAXES 40817.30
UTILITIES Cable,Electric
WATERFRONT Yes
WATERFRONT DESCRIPTION Oceanfront,Seawall
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Data last updated: 1/17/19 3:53 AM PST.

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