Address
424 Valley Forge Rd, West Palm Beach, FL
Price
$ 1,560,000
Property Attributes
- MLS#A11558051
- TypeIncome
- CountyPALM BEACH
- CityWest Palm Beach
- Area5430
- NeighborhoodCOLONIAL ESTATES
- Zip33405
- StyleFourplex
- Year Built1940
- Taxes$ 14251
- Price$ 1,560,000
- Bedrooms21
- Full Bathrooms10
- Half Bathrooms0
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
Prime investment opportunity! Presenting this newly renovated garden-style 6-plex investment property in West Palm Beach. Ideal for investors seeking an income-producing asset. 6 units : One 3 Bedrooms, Four 2 Bedrooms and One 1 Bedroom. All units and building have been completely remodeled with new impact windows installed, new AC units, new paint, new gate, and new landscaping. Large corner lot with 9 parking spaces. With solid returns and excellent potential for growth, this asset promises steady income and long-term value.
| Price History | |
|---|---|
| 3/28/2024 | Listed $1,560,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | WallFurnace |
| Cooling | WallWindowUnits |
| Utilities | CableNotAvailable |
| Possession | ClosingFunding |
| Roof | Shingle |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Frame,Stucco |
| Year Built | 1940 |
| Stories | 1 |
| Levels | One |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| County | Palm Beach County |
| Net Operating Income | 94603.0 |
| Operating Expense | 37397.0 |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | COLONIAL ESTATES |
| Garage Y/N | No |
| Rent Includes | TrashCollection,Water |
| Special Listing Conditions | ListedAsIs |
| Status | Active |
| City | West Palm Beach |
| Buyer Agent Compensation | 2% |
| View Y/N | No |
| Senior Community Y/N | No |
| Zoning Description | SF7 |
| MLS Area | 5430 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Valley Forge Rd |
| Listing Terms | Cash |
| Property Attached Y/N | No |
| Year Built Details | Effective Year Built |
| Land Lease Y/N | No |
| Tax Annual Amount | 14251.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| MLS Area Minor | Palm Beach 5420; 5430; 5440 |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11558051 |
| Standard Status | Active |
| Occupancy Description | Tenant |
| Total Actual Rent | 132000.0 |
| Property Sub Type Additional | Quadruplex |
| MobileHomeRemainsYN | No |
| PostalCity | West Palm Beach |
| Legal Description | COLONIAL ESTS LTS 14 TO 18 INC BLK 12 |
Interior Features
| Flooring | Vinyl |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | ImpactGlass |
| Fireplace Y/N | No |
| Electric On Property Y/N | No |
Exterior Features
| Lot Features | CornerLot,Item14to12AcreLot |
|---|---|
| Water Source | Public |
| Total Parking | 9.0 |
| Spa | No |
| Lot Size Units | SquareFeet |
| Covered Spaces | 0.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33405
Price
Taxes
Visits
Year Built
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Data Last Updated: May 19, 2024 8:52 PM UTC
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
