$915,000
$950,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
3,600 SqFt
SOLD DATE : 05/08/2023
Key Details
Sold Price $915,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $254
Subdivision Royal Palm Estates
MLS Listing ID A11347603
Sold Date 05/08/23
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1981
Annual Tax Amount $10,669
Tax Year 2022
Contingent Pending Inspections
Property Description
Excellent Investment opportunity! This property is currently at a 5.5% CAP RATE with the potential to go above 8% CAP. This amazing fourplex is located in Royal Palm Beach County. Minutes from downtown West Palm Beach - dining, shopping, and entertainment including the world-renowned Kravis theater. Beautiful Florida beaches within a 5-minute driving distance and more! Each unit has 2 parking spaces, 2 bedrooms, 1 bath, and a large backyard. This property is fully rented below market rent; the new owner will have the chance to even increase the rent and receive more than 8% CAP.
Location
State FL
County Palm Beach County
Community Royal Palm Estates
Area 5400
Interior
Heating Other
Cooling Central Air
Flooring Carpet
Exterior
Pool None
Utilities Available Cable Available
Roof Type Composition
Total Parking Spaces 8
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Septic Tank
Architectural Style Fourplex
Level or Stories One
Structure Type Block,Stucco
Construction Status Resale
Others
Tax ID 00424335100110140
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Listed As-Is
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Bought with Coldwell Banker Realty
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