Bought with Palm Beach International Rlty.
$135,000
$135,000
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12 Beds
8 Baths
3,200 SqFt
SOLD DATE : 08/15/2016
Key Details
Sold Price $135,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $42
Subdivision Crosby Sub
MLS Listing ID RX-10179902
Sold Date 08/15/16
Bedrooms 12
Full Baths 8
Construction Status New Construction
HOA Y/N No
Year Built 1957
Annual Tax Amount $5,062
Tax Year 2015
Lot Size 0.610 Acres
Property Description
Excellent investment opportunity, cash cow priced to sell quickly! 6 separate contiguous buildings occupying one block with a total of 9 rental units, total of 14 bedrooms and 10 baths. Currently generates 16.2% cap rate, with slight rent increases will generate 20.2%. All units are rented, long term tenants with separate water and electric meters. On-site property manager collects rents and maintains property, set up for absentee ownership. Don't miss this opportunity!
Location
State FL
County Palm Beach
Area 5560
Zoning SFMH
Interior
Heating No Heat
Cooling Wall-Win A/C
Flooring Ceramic Tile
Exterior
Exterior Feature None
Utilities Available Electric Service Available
Amenities Available Sidewalks, Street Lights
Waterfront Description None
Roof Type Comp Shingle
Private Pool No
Building
Lot Description 1/2 to < 1 Acre, 1/4 to 1/2 Acre
Story 1.0
Foundation CBS
Construction Status New Construction
Schools
High Schools Pahokee Middle-Senior High
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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