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608 5TH Street 1thru16, West Palm Beach, FL 33401 (MLS# R2722927)

608 5TH Street 1thru16, West Palm Beach, FL 33401

$1,100,000
Property Type: Commercial Sale Square Footage: 23,940 Status: Closed
Current Price: $1,100,000 List Date: 9/20/2006 Last Modified: 5/20/2026

Overview

Description

5 LOCATIONS WITHIN A FEW BLOCKS OF EACH OTHER, COMBINED $ RENTAL INCOME IS $340,368 (SECTION 8 SUBSIDIZED TENANTS), CBS BUILDINGS, VERY WELL MAINTAINED BUILDINGS (4 NEW ROOFS, TENANTS PAY UNIT UTILITIES, EXPENSES INCLUDE FULL TIME MAINTENANCE MAN. PLEASE USE FAR COMMERCIAL CONTRACT PREQUAL BUYERS ONLY SELLER IS USING SYMPHONY TITLE

Listing Details MLS# R2722927

General Property Information

Building Area Main
23940
Year Built
1960
Lot Size Area
34848
Lot Size Acres
0.8
Stories
2

Property Features

Ceiling: Ceiling Height Varies; Drywall; Plastered Common Area Maintenance Includes: Management Fees Documents Available: Books & Records; Contracts; Copy Of Lease(s); Existing Survey; Financial Statement; Investment Analysis; Owner Managed Electric: Separate Meters Flooring: Ceramic Tile; Terrazzo; Other Heating: Central; Central Individual; Electric Location of Property: Central Business District; City Location Possession: Close Of Escrow Property Condition: New Construction Sale Includes: Building; Land; License Source Of Expenses: Owner Provided Tenant Pays: Cable TV; Electricity; Water Construction Materials: CBS Cooling: Central Air; Central Individual Listing Terms: Cash; Conventional Roof: Built-Up; Mixed; Tar/Gravel; Other Security Features: Security Lights; None Sewer: Public Sewer Special Information: Corporate Owned Utilities: Cable Available; Other Water Source: Public Showing Requirements: 24 Hour Notice; Occupied

Contract Information

Comp Sale YN
No
Original List Price
2980000
Owner Phone
WITHHELD

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
608
Street Name
5TH
Street Suffix
Street
Unit Number
1thru16
City Name
West Palm Beach
State Or Province
FL
Postal Code
33401
Area
5420
Geographic Area
PB20
Parcel Number
74434321060170030
Zoning
MULTIF
Directions
95 EXIT OKEECHOBEE EAST LEFT ON ROSEMARY THRU CITY PLACE LEFT ON 5TH
Property Description
40 UNIT INCOME PORTF

Financial Information

Tax Annual Amount
30302
Tax Year
2006
Tax Legal Description
CLOWS ADDITION LTS 3 & 4 BLK 17 WEST PALM BEACH TOWN OF E 1/2 OF LT 3 BLK 39

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y

More Information

Status Change Information

Major Change Timestamp
2007-03-03T23:36:00Z
Major Change Type
Contingency
Status Change Date
2007-04-23
Under Contract Date
2007-04-10
Close Date
2007-04-16
Close Price
1100000
Buyer Financing
Cash

Building and Property Details

# Of Tenants
80
# Of Toilets
40
% Air Conditioned
100
Door Height
0-8'
Interior Ceiling Height
9
Maximum Ceiling Height
9

Meter Information

Number Of Meters Total
40

Income and Expenses

Gross Income
340368
Gross Scheduled Income
340368
Inc/Exp Statement Period
2006
Insurance Expense
21023
Maintenance Expense
2800
Net Operating Income
336964
Operating Expense
117395
Other Expense
600
Supplies Expense
6500
Utilities Expense
13500
Other Income
0

Description of Unit Type 1

Unit Type
2 Bedroom
Units Total
40
Full Baths
Yes
Annual Rent
8509
Seasonal Rent
0
Off Season Rent
0

Description of Unit Type 2

Unit Type
2 Bedroom

Price Calculations

Current Price To SqFt
45.94
Original List Price To Close Price
2.7

Originating Details

Originating System Key
20130215221259152991000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Separate Meters
Yes

Flooring

Ceramic Tile
Yes
Terrazzo
Yes
Other
Yes

Property Condition

New Construction
Yes

Documents Available

Books & Records
Yes
Contracts
Yes
Copy Of Lease(s)
Yes
Existing Survey
Yes
Financial Statement
Yes
Investment Analysis
Yes
Owner Managed
Yes
Photos
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Water
Yes

Location of Property

Central Business District
Yes
City Location
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Special Information

Corporate Owned
Yes

Utilities

Cable Available
Yes
Other
Yes

Ceiling

Ceiling Height Varies
Yes
Drywall
Yes
Plastered
Yes

Common Area Maintenance Includes

Management Fees
Yes

Heating

Central
Yes
Central Individual
Yes
Electric
Yes

Sale Includes

Building
Yes
Land
Yes
License
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Built-Up
Yes
Mixed
Yes
Tar/Gravel
Yes
Other
Yes

Security Features

Security Lights
Yes
None
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Air
Yes
Central Individual
Yes
Electric
Yes

Showing Requirements

24 Hour Notice
Yes
Occupied
Yes
Listing Office: Richard Attenberg RE LLC
IDX
Last Updated: May - 20 - 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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