Bought with Keller Williams Realty Boca Raton
$608,900
$659,900
7.7%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,696 SqFt
SOLD DATE : 08/05/2021
Key Details
Sold Price $608,900
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,696 sqft
Price per Sqft $164
Subdivision Mulberry Park
MLS Listing ID RX-10712856
Sold Date 08/05/21
Bedrooms 8
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1973
Annual Tax Amount $9,245
Tax Year 2020
Lot Size 0.308 Acres
Property Description
Amazing Lake Worth location on this cash-flowing quadplex. All four units are 2 bedroom, 1 bathroom with in-unit laundry. Very desirable for tenants! Two CBS structures with privacy walls/fences, excellent parking, and low maintenance landscaping. Proven rent roll; 3 of 4 units have had limited renovations to increase rent. 4th unit can be delivered vacant and ready for upgrades. In-place rents are market and ready for annual increases. Can be purchased with conventional financing for an outsized return on equity. In-place financials and pro-forma available upon request
Location
State FL
County Palm Beach
Area 5700
Zoning RM
Interior
Heating Electric
Cooling Ceiling Fan, Electric
Flooring Ceramic Tile
Exterior
Exterior Feature None
Utilities Available Cable, Electric, Public Sewer, Public Water
Amenities Available None
Waterfront Description None
Roof Type Comp Shingle
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre
Story 1.0
Foundation CBS
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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