West Palm Beach, FL 33415,389 Tall Pines RD
Listed by RSI Asset Management, LLC
Bought with Creative Real Estate Services

$75,000

$155,000

51.6%
Est.Price: ?

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Est. payment /mo

1 Bed

4 Baths

1,836 SqFt


SOLD DATE : 05/15/2015

Key Details

Sold Price $75,000

Property Type Multi-Family

Sub Type Quad Plex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,836 sqft

Price per Sqft $40

Subdivision Boulevard Estates

MLS Listing ID RX-10126887

Sold Date 05/15/15

Bedrooms 1

Full Baths 4

HOA Y/N No

Year Built 1966

Annual Tax Amount $1,725

Tax Year 2014

Property Description

Investor opportunity! This property is actually 5 separate units. There are two 1/1's. Two studio apartments and a single 2/1. EACH HAS ITS OWN SEPARATE ENTRANCE! This is close to a 20 CAP at list price!! These deals are getting hard to find. Great area to invest and rental market is very brisk. Each 1/1 could rent for around $600 a month the studios for $400 each and the 2/1 for $650 a month for a total Gross yearly income of $31,800. These are projected rents but are conservative for the market in the area. The square footage is based on the foot print of the home but is not warranted.

Location

State FL

County Palm Beach

Area 5500

Zoning MULTI-FAMILY (M

Interior

Heating No Heat

Cooling Wall-Win A/C

Flooring Ceramic Tile

Exterior

Exterior Feature Extra Building

Community Features Sold As-Is

Utilities Available None

Amenities Available None

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

Others

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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