Bought with Palm Beachers Realty LLC
$1,725,000
$1,790,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
10 Baths
5,710 SqFt
SOLD DATE : 04/09/2021
Key Details
Sold Price $1,725,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 5,710 sqft
Price per Sqft $302
Subdivision El Cid Park Add
MLS Listing ID RX-10694223
Sold Date 04/09/21
Construction Status Resale
Abv Grd Liv Area 20
Year Built 1928
Annual Tax Amount $19,899
Tax Year 2020
Lot Size 10,890 Sqft
Property Description
Great Apartment Building in West Palm Beach, Great Investment, Highly Sought After Area. $140,000 Gross Annual Income - DO NOT DISTURB TENANTS, 10 Unit Apartment Building, Fully Occupied, Just Off Intracoastal. Rent Roll & Income Sheet In Documents on MLS. 6% Cap Rate, Rental Income = $140,000, Expenses = $34,000. Separate Meters, On Site Parking, Central AC For Each Unit & 2 On Site Washer & Dryer Units Bringing in $190 Per Month Additional. Building In Excellent Condition & Always Fully Occupied with Tenant Waiting List. Great Area & Rents Can Be Increased For Higher Income & Cap Rate.
Location
State FL
County Palm Beach
Area 5430
Zoning MF32(c
Interior
Heating Central
Cooling Central
Flooring Tile, Vinyl Floor, Wood Floor
Fireplaces Type Smoke Detector
Exterior
Community Features None
Utilities Available Cable, Electric, Public Sewer, Public Water
Waterfront No
Roof Type Comp Shingle
Present Use None
Building
Story 100.00
Foundation Frame, Stucco
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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