Bought with EXP Realty, LLC
$365,000
$425,000
14.1%For more information regarding the value of a property, please contact us for a free consultation.
5 Baths
4,913 SqFt
SOLD DATE : 08/31/2020
Key Details
Sold Price $365,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 4,913 sqft
Price per Sqft $74
Subdivision Inlet Grove
MLS Listing ID RX-10627483
Sold Date 08/31/20
Construction Status Resale
Year Built 1985
Annual Tax Amount $6,669
Tax Year 2019
Lot Size 6,534 Sqft
Property Description
Unique multifamily investment property. CASH COW and Great Value-Add Deal.Property consists of a CBS quadplex built in 1985. Each unit is a spacious 840 sqft 2 Bed/1 Bath unit with tile floors throughout and central AC. All units are separately metered for water and electric. IN ADDITION, there is a, 1,100 sqft 3 Bed/1 Bath single family house. Property consists of two parcel IDs, quadplex spans both parcels. Quadplex currently operated as a rooming-house. Manager operates the rooming house and pays $3,600 per month for the 4-units. In addition, single family home is rented for $950 per month under an annual lease. Owner collects$4,550 per month total. Manager could stay or be released.HUGE upside in cleaning units and renting on annual leases.
Location
State FL
County Palm Beach
Area 5280
Zoning RM-15(
Interior
Heating Central, Electric
Cooling Central, Electric
Flooring Ceramic Tile, Wood Floor
Fireplaces Type None, Smoke Detector
Exterior
Utilities Available Cable, Electric, Public Sewer, Public Water, Separate Meter
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Building
Story 100.00
Foundation CBS, Frame
Construction Status Resale
Others
Security Features None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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