Bought with Charles Rutenberg Realty LLC
$955,000
$1,100,000
13.2%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
2,460 SqFt
SOLD DATE : 09/06/2019
Key Details
Sold Price $955,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,460 sqft
Price per Sqft $388
Subdivision North Palm Bch 3
MLS Listing ID RX-10534600
Sold Date 09/06/19
Bedrooms 6
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1952
Annual Tax Amount $4,535
Tax Year 2018
Lot Size 8,531 Sqft
Property Description
This Turnkey multi-family property is nestled on two parcels and features Four 2 bedroom 1 bath units and Two 1 bedroom 1 bath units. Completely renovated, impact glass and all electrical has been buried underground. The kitchens have been updated with granite counter-tops, stainless steel appliances, solid wood cabinets and all new bathrooms. Across from the Intracoastal and Osprey Park this compound was formerly leased to a religious group at $11,000 per Month triple net and has the projected lease potential of $1500 per Month for each 2 bedroom unit and $1100 per Month for each 1 bedroom unit. For a solid cap rate return, call today before it's gone! Property is located in the Opportunity Zone and with the combined 3 buildings has a total of 10 bedrooms.
Location
State FL
County Palm Beach
Area 5420
Zoning SF7(ci
Interior
Heating Central
Cooling Central, Paddle Fans
Flooring Ceramic Tile
Exterior
Exterior Feature Auto Sprinkler, Fence, Open Porch
Community Features Sold As-Is
Utilities Available Electric Service Available, Public Sewer, Public Water
Amenities Available Boating, Picnic Area
Waterfront Description Intracoastal,None
Water Access Desc Common Dock
View Intracoastal
Roof Type Comp Shingle,Concrete Tile
Present Use Sold As-Is
Private Pool No
Building
Lot Description 1/2 to < 1 Acre, East of US-1, Paved Road, Public Road, Sidewalks
Story 2.0
Foundation CBS
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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