Bought with Sobri Realty Group LLC
$272,500
$285,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
1,977 SqFt
SOLD DATE : 08/05/2016
Key Details
Sold Price $272,500
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,977 sqft
Price per Sqft $137
Subdivision Lantana
MLS Listing ID RX-10250831
Sold Date 08/05/16
Bedrooms 4
Full Baths 3
Construction Status Resale
HOA Y/N No
Year Built 1972
Annual Tax Amount $4,470
Tax Year 2015
Lot Size 6,721 Sqft
Property Description
Very Profitable Triplex, 8% + Cap Rate, $32,400 Annual Rent Roll. Perfect Location in middle of a Very Nice, Well Kept Neighborhood. Two Units Fully Remodeled W/New Tiling, New Cabinets, New SS Appliances, New Bath Tile & Fixtures. Two units are 1/1 & one unit is 2/1, separate electric meters, all units have cable access, owner currently pays water, largest unit has washer/dryer, storage room on property for additional income. Rent all three units for Nice Profit or live in one unit & rent out the others to pay your mortgage. Unit #1 & #2 just signed $900 month lease, still receiving 4-6 inquiries per day at $900 rent, you can ''very easily'' increase rent amounts, unit #3 is currently month-to-month at $900 and will need repair once vacated, Drive-by but PLEASE DO NOT BOTHER TENANTS.
Location
State FL
County Palm Beach
Area 5640
Zoning R15(ci
Interior
Heating Central
Cooling Ceiling Fan, Central
Flooring Carpet, Ceramic Tile, Linoleum
Exterior
Exterior Feature Fence, Open Patio
Community Features Sold As-Is
Utilities Available Cable, Electric Service Available, Public Sewer, Public Water
Amenities Available Street Lights
Waterfront Description None
View Garden
Roof Type Comp Shingle
Present Use Sold As-Is
Private Pool No
Building
Lot Description < 1/4 Acre, Public Road, Sidewalks
Story 1.0
Foundation CBS
Construction Status Resale
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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