Lake Worth, FL 33461,4429 Melvin RD
Listed by The Keyes Company
Bought with RE/MAX Services

$353,000

$355,000

0.6%
Est.Price: ?

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Est. payment /mo

7 Beds

6 Baths

2,930 SqFt


SOLD DATE : 09/19/2016

Key Details

Sold Price $353,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,930 sqft

Price per Sqft $120

Subdivision Palm Beach Farms Co 7

MLS Listing ID RX-10237580

Sold Date 09/19/16

Bedrooms 7

Full Baths 6

Construction Status Resale

HOA Y/N No

Abv Grd Liv Area 17

Year Built 1975

Annual Tax Amount $4,168

Tax Year 2015

Lot Size 0.333 Acres

Property Description

Investors delight! Excellent condition. New impact glass windows. Turnkey. Units 1 and 2 are 2BR/2BA at 900 square feet each and unit 3 is an open design floor plan, tastefully remodeled 3BR/2BA at 1130 square feet with a storage unit and a private fenced back yard with new sod and tropically landscaped. New sprinkler system. New septic field. Ideally suited for a landlord or unit 3 can be rented potentially at $1250/mth. Unit 1 lease expires Dec 1, 2016 and contains a 5% increase in rent. Unit 2 lease expires June 1, 2016 and contains a 5% increase. $37,800 projected gross income. With large down payment owner will consider holding a mortgage.

Location

State FL

County Palm Beach

Area 5700

Zoning RM

Interior

Heating Central, Electric

Cooling Central, Paddle Fans

Flooring Ceramic Tile, Other

Exterior

Exterior Feature Fence

Utilities Available Electric, Septic, Water Available, Well Water

Amenities Available None

Waterfront Description None

View Garden

Roof Type Comp Shingle

Private Pool No

Building

Lot Description 1/4 to 1/2 Acre, Paved Road, Public Road

Story 1.0

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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