Bought with Southeast Regional Realty Corp
$238,500
$255,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Baths
1,656 SqFt
SOLD DATE : 03/25/2019
Key Details
Sold Price $238,500
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,656 sqft
Price per Sqft $144
Subdivision North Palm Bch 1
MLS Listing ID RX-10448180
Sold Date 03/25/19
Full Baths 3
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 20
Year Built 1952
Annual Tax Amount $2,686
Tax Year 2017
Lot Size 7,306 Sqft
Property Description
Long-term tenants with below market rent on two of the three units. Current monthly gross is $2,400 potential monthly gross is $2,700, annual current gross income is $28,800, potential annual gross income is $32,400. Operating expenses are property taxes : $2,687, property insurance (optional ) $1,277, general liability (optional) $458, utilities $2400/year and lawn $600/year total expenses $7,422.69. Current net annual income is $21,331, potential net annual income is $24,978. Actual cap rate is 7.75%, potential cap rate is 9.0%.
Location
State FL
County Palm Beach
Area 5420
Zoning SF7(ci
Interior
Heating Window/Wall
Cooling Wall-Win A/C
Flooring Ceramic Tile
Exterior
Exterior Feature None
Utilities Available Public Sewer
Amenities Available None
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Parking Type Open Parking
Private Pool No
Building
Lot Description < 1/4 Acre
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Get More Information