Bought with Tailored Realty LLC
$4,070,000
$4,299,999
5.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Baths
1,312 SqFt
SOLD DATE : 03/13/2020
Key Details
Sold Price $4,070,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,312 sqft
Price per Sqft $3,102
Subdivision Forest Glen
MLS Listing ID RX-10582710
Sold Date 03/13/20
Full Baths 4
Construction Status Resale
HOA Fees $190/mo
HOA Y/N Yes
Year Built 1981
Annual Tax Amount $1,826
Tax Year 2019
Lot Size 1,785 Sqft
Property Description
30 units for sale in this community. Fully rented/occupied. Majority are month to month. Rents in this community go for 1500-1600 currently. Some rents are below Mkt value due to tenent tenure. Those are month to month and can raise rent is so desired. HOA has over 500K in reserves and included The roof insurance, roof and exterior paint maintanance, common area, lawn other than fence enclosure, min security. Considerably low HOA. 40k per month in gross income with potential of over 45K per month. AS-IS not selling wholesale! but deeply discounted from market value already at asking. Rare find! wont last. This seller also has 18 other properties for sale outside forest glen in PBC.
Location
State FL
County Palm Beach
Community Forest Glen
Area 5500
Zoning RM
Interior
Heating Central
Cooling Ceiling Fan, Central
Flooring Laminate, Tile
Exterior
Exterior Feature Fence
Community Features Sold As-Is
Utilities Available Cable, Public Sewer, Public Water
Amenities Available Bike - Jog, Sidewalks
Waterfront Description None
Roof Type Comp Shingle
Present Use Sold As-Is
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Frame
Construction Status Resale
Others
HOA Fee Include Common Areas,Common R.E. Tax,Insurance-Bldg,Lawn Care,Maintenance-Exteior,Management Fees,Parking,Reserve Funds,Security
Senior Community No Hopa
Restrictions Buyer Approval,Lease OK,Tenant Approval
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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