Bought with Vera Realty LLC
$725,000
$725,000
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8 Beds
4 Baths
2,852 SqFt
SOLD DATE : 10/21/2024
Key Details
Sold Price $725,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,852 sqft
Price per Sqft $254
Subdivision Freshwater Add To Wpb
MLS Listing ID RX-11020873
Sold Date 10/21/24
Bedrooms 8
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1965
Annual Tax Amount $7,965
Tax Year 2023
Lot Size 3,685 Sqft
Property Description
GREAT INVESTMENT OPPORTUNITY!!! 8-9% gross cap% with potential for more. Long term tenants in three units on 12 month leases and one vacant unit with an interested prospect already (see rental listing) Professionally managed by OCS LLC. Concrete wall added 2022 making it a gated building for the tenants. Central air in all units, new HVAC system in unit 2 and 3. CBS building, recently passed city of WPB code inspection & rental license in place. Bottom units have private rear courtyard (potential to up the rent in these units!) This building is your key to a ground floor opportunity in a rapidly growing area. Management company can stay on at your discretion.
Location
State FL
County Palm Beach
Area 5420
Zoning NWD-2(
Interior
Heating Central
Cooling Central
Flooring Ceramic Tile, Tile
Exterior
Exterior Feature Fence, Shutters
Community Features Gated Community
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 Acre
Story 2.0
Foundation CBS, Concrete
Construction Status Resale
Schools
Elementary Schools Roosevelt Elementary School
Middle Schools Conniston Middle School
High Schools Forest Hill Community High School
Others
HOA Fee Include None
Senior Community No Hopa
Restrictions Lease OK
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
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