Bought with Coldwell Banker Realty /Delray Beach
$1,190,000
$1,250,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
5 Baths
2,980 SqFt
SOLD DATE : 08/22/2022
Key Details
Sold Price $1,190,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,980 sqft
Price per Sqft $399
Subdivision Lakeview Manors In
MLS Listing ID RX-10819806
Sold Date 08/22/22
Bedrooms 5
Full Baths 5
Construction Status Resale
HOA Y/N No
Year Built 1950
Annual Tax Amount $7,576
Tax Year 2021
Lot Size 0.353 Acres
Property Description
Talk about a great location!! Completely renovated in 2019 and a new roof in 2022. This turn key CBS fourplex is 200' from the Intracoastal Waterway on a triple lot! There are tremendous value add opportunities with this property. Upgrades include impact windows and doors, updated electric and plumbing, LED lighting, central a/c, wood look ceramic tile throughout. There is a rear courtyard. There is also a large shed (with electric and a/c) that could be rented out to tenants for add income. All units have individual laundry facilities. Current rents are WELL BELOW MARKET and 3 of 4 are mtm (lease ends 9/22). Market rents are $1,950 for large 1/1 (with waterviews), $1,800 for 1/1's and $2,400 for the 2/2 (with waterviews). Would make an ideal air bnb or furnished/seasonal rental.
Location
State FL
County Palm Beach
Area 5640
Zoning R15(ci
Interior
Heating Central
Cooling Ceiling Fan, Central
Flooring Ceramic Tile
Exterior
Exterior Feature Auto Sprinkler, Awnings, Fence, Room for Pool, Shed
Utilities Available Cable, Electric, Public Sewer, Public Water
Amenities Available None
Waterfront Description None
View Garden, Intracoastal
Roof Type Comp Shingle,Wood Truss/Raft
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre, East of US-1, Paved Road
Story 1.0
Foundation CBS, Concrete
Construction Status Resale
Schools
Elementary Schools Lantana Elementary School
Middle Schools Lantana Middle School
High Schools Lake Worth High School
Others
HOA Fee Include None
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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