Bought with Jupiter Lighthouse Realty Inc
$2,173,000
$2,385,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
10,620 SqFt
SOLD DATE : 06/22/2021
Key Details
Sold Price $2,173,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 10,620 sqft
Price per Sqft $204
Subdivision Uno Lago (Or Ocean Trace)
MLS Listing ID RX-10705213
Sold Date 06/22/21
Bedrooms 8
Full Baths 8
Construction Status Resale
HOA Fees $530/mo
HOA Y/N Yes
Abv Grd Liv Area 28
Year Built 1985
Annual Tax Amount $36,000
Tax Year 2020
Property Description
Unbelievable opportunity to purchase 9 units in the same condo complex in Juno Beach. Bike to the beach or walk to FP&L corporate headquarters (all tenants work there)! All units are 2 bedrooms with 2 bathrooms & have large patios with lakefront views. Gated community with pools and exercise facility. Tenants are long term with written leases that all expire on June 30 of each year. Owner is older, retiring and has kept the rents low ($1,300-$1,500). Market rent is $1,800 (Last rental was $1800 & there are none currently available). No waiting period for new owner to rent right away. Condo fees average $530 & include building insurance & maintenance & water/sewer. Close on this group of properties and start getting rent on day 1; no vacancies, rental commissions or renovations!
Location
State FL
County Palm Beach
Community Uno Lago (Ocean Trace)
Area 5220
Zoning Condo
Interior
Heating Central
Cooling Central
Flooring Carpet, Ceramic Tile
Exterior
Exterior Feature Covered Balcony, Screened Balcony
Utilities Available Cable, Public Sewer, Public Water, Electric
Amenities Available Clubhouse, Sidewalks, Pool, Manager on Site, Fitness Center, Community Room
Waterfront Description Lake
View Lake, Pool
Roof Type Comp Rolled
Private Pool No
Building
Lot Description Sidewalks
Story 5.0
Foundation CBS, Concrete
Construction Status Resale
Others
HOA Fee Include 530.00
Senior Community No Hopa
Restrictions Buyer Approval,Tenant Approval,Pet Restrictions,Commercial Vehicles Prohibited
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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