Bought with Highlight Realty Corp/LW
$785,000
$775,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,696 SqFt
SOLD DATE : 11/29/2021
Key Details
Sold Price $785,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,696 sqft
Price per Sqft $212
Subdivision Military Hill Unrec Pl In
MLS Listing ID RX-10749881
Sold Date 11/29/21
Bedrooms 8
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1973
Annual Tax Amount $7,653
Tax Year 2020
Lot Size 0.384 Acres
Property Description
Cash flowing property with full occupancy on an oversized corner lot featuring 2 separate CBS buildings with 4 units total in Opportunity zone. Both buildings face either other with 11 parking spaces and low maintenance landscaping. All of the units have the same floor plan 2 bedroom/ 1 bathroom with 924 sq ft each. The building is in great condition with roof, a/c units, and water heaters in working order. All 4 units are in excellent condition with modern updates, washer/dryers, and private porch. All units are separately metered for water/electricity. Rent roll is below market value with 1 unit month to month and another lease expiring soon, therefore both can be raised to market value to increase annual gross tremendously.
Location
State FL
County Palm Beach
Area 5690
Zoning RM/MULTI-FAMILY
Interior
Heating Central
Cooling Central
Flooring Ceramic Tile
Exterior
Exterior Feature Auto Sprinkler, Open Porch, Well Sprinkler
Community Features Sold As-Is
Utilities Available Cable, Electric, Water Available
Amenities Available None
Waterfront Description None
View Garden
Roof Type Comp Shingle
Present Use Sold As-Is
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre, Corner Lot
Story 1.0
Foundation CBS
Construction Status Resale
Others
Senior Community No Hopa
Restrictions Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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