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