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.
18 Baths
10,620 SqFt
SOLD DATE : 06/22/2021
Key Details
Sold Price $2,173,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 10,620 sqft
Price per Sqft $204
Subdivision Uno Lago (Ocean Trace) In Juno Beach
MLS Listing ID RX-10704844
Sold Date 06/22/21
Construction Status Resale
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
Area 5220
Zoning Condo
Interior
Heating Central
Cooling Central
Flooring Carpet, Ceramic Tile
Fireplaces Type Smoke Detector
Exterior
Garage Spaces 530.0
Utilities Available Cable, Public Sewer, Public Water, Electric
Waterfront Description Lake
Roof Type Comp Rolled
Building
Story 100.00
Foundation CBS, Concrete
Construction Status Resale
Others
Security Features Gate - Unmanned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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