Bought with Onalim Brokerage Services, Inc
$975,000
$925,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
2,080 SqFt
SOLD DATE : 03/18/2022
Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,080 sqft
Price per Sqft $468
Subdivision Tropic Isle 2Nd Sec
MLS Listing ID RX-10770644
Sold Date 03/18/22
Bedrooms 4
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1957
Annual Tax Amount $9,045
Tax Year 2021
Lot Size 0.287 Acres
Property Description
INVESTMENT OPPORTUNITY! *Please do not disturb tenants* Rare opportunity to own an investment property in the sought after waterfront community of Tropic Isle located EAST of Federal Hwy, just steps to the beach. Property features two fully renovated units and a bonus unfinished third standalone unit. Each unit can rent for $2500 and up. Most recent duplex rentals on the same street rented for $3500 per unit. Plenty of parking - room for 10 cars. Lot is oversized and meticulously maintained - room for additions and/or a pool. With finished 3rd unit efficiency, projected rentals estimate 7% Cap Rate! Roof is 9 years and no issues on recent inspection. Use code 0800-Multifamily <10 units
Location
State FL
County Palm Beach
Community Tropic Isle
Area 4230
Zoning RM(cit
Interior
Heating Central Individual
Cooling Central Individual
Flooring Ceramic Tile
Exterior
Exterior Feature Fence, Screen Porch
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
Schools
Elementary Schools Pine Grove Elementary School
Middle Schools Boca Raton Community Middle School
High Schools Boca Raton Community High School
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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