Bought with Sobri Realty Group LLC
$370,000
$425,000
12.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,145 SqFt
SOLD DATE : 04/21/2017
Key Details
Sold Price $370,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,145 sqft
Price per Sqft $117
Subdivision Lake Worth Heights
MLS Listing ID RX-10289349
Sold Date 04/21/17
Bedrooms 8
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1980
Annual Tax Amount $5,815
Tax Year 2016
Lot Size 8,769 Sqft
Property Description
PRICE REDUCED!! Income Opportunity--This is a 4 unit apartment building. Located just steps to Dixie Hwy in up and coming Lake Worth. The units feature 2BR 1BA 1Car Garage. Building is well maintained. Long term tenants. All units have Central A/C. Current rents are below market new owner has the ability to increase rents to current market rates.Cap rate is 5.4%. Projected profroma cap rate is 10.3% at market rate rents.
Location
State FL
County Palm Beach
Area 5620
Zoning SF-TF-
Interior
Heating Central
Cooling Central
Flooring Ceramic Tile, Linoleum, Other, Vinyl Floor
Exterior
Exterior Feature Covered Patio, Fence
Garage Spaces 4.0
Community Features Sold As-Is
Utilities Available Electric, Public Sewer, Public Water
Amenities Available None
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Present Use Sold As-Is
Parking Type Garage - Detached, Space Parking
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation CBS, Concrete
Construction Status Resale
Schools
Elementary Schools North Grade Elementary School
Middle Schools Lake Worth Community Middle
High Schools Lake Worth High School
Others
HOA Fee Include Water
Senior Community No Hopa
Restrictions Other
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