West Palm Beach, FL 33405,323 Almeria RD 101
Listed by Palm Beachers Realty LLC
Bought with Palm Beach Investors Realty LLC

$1,325,000

$1,300,000

1.9%
Est.Price: ?

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Est. payment /mo

10 Baths

5,710 SqFt


SOLD DATE : 05/20/2019

Key Details

Sold Price $1,325,000

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Sold

Purchase Type For Sale

Square Footage 5,710 sqft

Price per Sqft $232

Subdivision El Cid Park Add

MLS Listing ID RX-10523563

Sold Date 05/20/19

Construction Status Resale

Year Built 1928

Annual Tax Amount $12,276

Tax Year 2018

Lot Size 10,890 Sqft

Property Description

10 Unit Apartment Building Only 2 Blocks From Intracoastal, Fully Occupied, Income = $125,000,Annual Expenses = $36,000 - Not Included Is On Site Laundry Income.Firm Price = 7.5% Cap Rate @ Current Rents, Rents Can Be Raised, Great Area, Great Building, Well Desired Units, 100% Rented At All Times, Some Tenants Since 2005. 10 Units (Mix of 2 Bed / 1 Bed Units) Separate Electric Meters... DO NOT DISTURB TENANTS - SHOWINGS AFTER APPROVED BUYER MAKES VALID OFFER or INTEREST.

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

Roof Type Comp Shingle

Present Use None

Building

Story 10.00

Construction Status Resale

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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