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401 50th Street, West Palm Beach, FL 33407 (MLS# R10730780)

401 50th Street, West Palm Beach, FL 33407

$1,600,000
Property Type: Commercial Sale Square Footage: 4,132 Status: Closed
Current Price: $1,600,000 List Date: 7/13/2021 Last Modified: 6/06/2026

Overview

Description

NORTH FLAGLER DRIVE PARK APARTMENTS LOCATED IN COVETED NORTHWOOD MARINA HARBOR DISTRICT 9 UNIT APARTMENT COMPLEX. UNIT 401- 2 BED 1 BATH UNIT 403- 407-1 BED 1 BATH UNIT409 - STUDIO APTS UNIT 415-411- 1 BED 1 BATH COMPLETELY RENOVATED TURNKEY, WITH COMPLETE PERMITS. CENTRAL AC, IMPACT GLASS, SS APPL, PROJECT SITS ON 12,000 FT LOT ACROSS THE STREET FROM INTRACOASTAL WATERWAY & OSPREY DOG PARK, WATER VIEWS FROM MOST UNITS. LEASE ANNUAL RENTAL, SHORT TIME OR YACHTEES. JUST BLOCKS TO THE RELATED'S RYBOVICH MARINA VILLAGE & NORTHWOOD VILLAGE ARTS DIST. GREAT OPPORTUNITY IN THE ZONE PROJECT FINISHING STAGE & SHOULD BE COMPLETED WITH C/O IN JULY. JUST MINUTES TO PALM BEACH ISLAND, BEACHES, SHOPPING, DOWNTOWN WATERFRONT, AIRPORT, MAKE OFFER NOW THIS PROJECT WILL NOT LAST. PARAD

Listing Details MLS# R10730780

General Property Information

Property Sub Type
Industrial
Number Of Units Total
9
Building Area Main
4132
Building Area Source
Public Records
Year Built
1947
Lot Size Area
21780
Lot Size Acres
0.5
Stories
Yes

Property Features

Building Features: Storage Business Type: Other Ceiling: Drywall; Plastered Documents Available: Aerial Photo(s); Contracts; Deed; Drawings; Existing Survey Electric: Three Phase Flooring: Carpet; Tile; Vinyl; Wood Heating: Central Location of Property: Beach Access; City Location; Other Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Fixtures; Inventory; Land Sprinkler Description: Other Sprinkler Zoning Information: Use Conforms To Zoning Source Of Expenses: Other Tenant Pays: Cable TV; Electricity; Insurance; Water Construction Materials: CBS Cooling: Ceiling Fan(s); Central Individual Listing Terms: Cash; Owner May Carry; Other Lot Features: Landscaped Roof: Composition Security Features: Closed Circuit Camera(s); Security Fence; Security Lights; Smoke Detector(s); None Sewer: Public Sewer Special Information: Corporate Owned Utilities: Cable Available Water Source: Public; Well Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Text Listing Agent Contingencies: Other

Contract Information

Comp Sale YN
No
Original List Price
1795000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
401
Street Name
50th
Street Suffix
Street
City Name
West Palm Beach
State Or Province
FL
Postal Code
33407
Area
5420
Geographic Area
PB20
Parcel Number
74434304060400060
Multiple Offers Accepted
Yes
Zoning
SF7(ci
Directions
45 STREET EAST TO NORTH FLAGLER DRIVE GO LEFT / NORTH TO 50 TH STREET PROPERTY ON CORNER
Property Description
MULTI 5+

Financial Information

Tax Annual Amount
9286.32
Tax Year
2020
Tax Legal Description
NORTH PALM BEACH PL 3 LTS 6 & 7, LT 8 (LESS RTN CRV AREA N FLAGLER DR R/W) & LT 9 BLK 40

Remarks and Miscellaneous

Public Historical Remarks
Miscellaneous: Y

More Information

Status Change Information

Major Change Timestamp
2021-12-15T11:09:38Z
Major Change Type
Status Change
Status Change Date
2021-12-15
Under Contract Date
2021-08-29
Close Date
2021-12-14
Close Price
1600000
Buyer Financing
Conventional

Building and Property Details

# Of Toilets
9
% Air Conditioned
100
Maximum Ceiling Height
12

Distance To Information

Miles to Beach
Yes
Miles to Expressway
3

Income and Expenses

Gross Income
168000
Insurance Expense
9500
Maintenance Expense
2500
Net Operating Income
126560
Operating Expense
38940
Professional Management Expense
3600
Real Estate Taxes
15000
Utilities Expense
8640

Description of Unit Type 1

Unit Type
2 Bedroom
Full Baths
Yes
Annual Rent
2200

Description of Unit Type 2

Unit Type
1 Bedroom
Full Baths
Yes
Annual Rent
1595

Description of Unit Type 3

Unit Type
1 Bedroom
Full Baths
Yes
Annual Rent
1595

Description of Unit Type 4

Unit Type
1 Bedroom
Full Baths
Yes
Annual Rent
1595

Description of Unit Type 5

Unit Type
Efficiency
Units Total
2
Full Baths
2
Annual Rent
2100

Description of Unit Type 6

Unit Type
1 Bedroom
Full Baths
Yes
Annual Rent
1800

Description of Unit Type 7

Unit Type
1 Bedroom
Full Baths
Yes
Annual Rent
1595

Price Calculations

Current Price To SqFt
387.22
Original List Price To Close Price
1.12

Originating Details

Originating System Key
20201217193941892586000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Carpet
Yes
Tile
Yes
Vinyl
Yes
Wood
Yes

Property Condition

Resale
Yes

Documents Available

Aerial Photo(s)
Yes
Contracts
Yes
Deed
Yes
Drawings
Yes
Existing Survey
Yes
Photos
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Insurance
Yes
Water
Yes

Location of Property

Beach Access
Yes
City Location
Yes
Other
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Special Information

Corporate Owned
Yes

Utilities

Cable Available
Yes

Zoning Information

Use Conforms To Zoning
Yes

Building Features

Storage
Yes

Business Type

Other
Yes

Ceiling

Drywall
Yes
Plastered
Yes

Heating

Central
Yes

Sale Includes

Building
Yes
Fixtures
Yes
Inventory
Yes
Land
Yes

Sprinkler Description

Other Sprinkler
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Owner May Carry
Yes
Other
Yes

Lot Features

Landscaped
Yes

Roof

Composition
Yes

Security Features

Closed Circuit Camera(s)
Yes
Security Fence
Yes
Security Lights
Yes
Smoke Detector(s)
Yes
None
Yes

Water Source

Public
Yes
Well
Yes

Source Of Expenses

Other
Yes

Cooling

Ceiling Fan(s)
Yes
Central Individual
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes
Text Listing Agent
Yes

Contingencies

Other
Yes
Listing Office: Illustrated Properties LLC (Co
IDX
Last Updated: June - 06 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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