Bought with Bassford Realty, Inc.
$310,000
$315,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
3 Baths
2,520 SqFt
SOLD DATE : 01/22/2020
Key Details
Sold Price $310,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $123
Subdivision Pleasant City
MLS Listing ID RX-10448186
Sold Date 01/22/20
Bedrooms 7
Full Baths 3
Construction Status Resale
HOA Y/N No
Year Built 1961
Annual Tax Amount $3,441
Tax Year 2017
Lot Size 7,505 Sqft
Property Description
Long-term tenants with below market rent on two of the three units. Current monthly gross is $3,200 potential monthly gross is $3,550, annual current gross income is $38,400, potential annual gross income is $42,600. Operating expenses are property taxes : $3,442 property insurance (optional ) $1,943, general liability (optional) $458, lawn $900 a year total expenses $6,743.69 Current net annual income is $31,656, potential net annual income is $35,856. Actual cap rate is 8.50%, potential cap rate is 9.56%.
Location
State FL
County Palm Beach
Area 5420
Zoning MF14(c
Interior
Heating No Heat
Cooling Ceiling Fan, Wall-Win A/C
Flooring Ceramic Tile
Exterior
Exterior Feature Fence, Room for Pool
Utilities Available Cable
Amenities Available None
Waterfront Description None
Roof Type Other
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2.0
Foundation Block, CBS, Concrete
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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