$425,000
Lake Worth, FL 33461
MLS# RX-10984645
Status: Active Under Contract
1720 sqft
1 / 3
Property Description
''Opportunity knocks at the heart of Lake Worth with this charming duplex, located at 3642 Melaleuca Ln. Boasting long-term tenants in place, this property offers smart investors the chance to secure a steady income stream without the oversight of an HOA. Each unit in this 860 square foot multi-family home promises a cozy living space, waiting for a touch of TLC to unlock its full potential.Please note, this is a tenanted property, and we kindly ask that their privacy and peace are respected - do not disturb the tenants. For more information and to discuss the boundless possibilities this investment opportunity offers, please reach out without delay.''
Details
Maps
Contract Information
Listing Date: 2024-05-05
Status: Active Under Contract
Go Active Date: 2024-05-06
Original List Price: 425000
Auction: No
List Price: $425,000
Current Price: $425,000
List Price/SqFt: 247.09
Comm/Non-Rep: 3%
Comm/Buyer Agent: 3%
Comm/Trans Brk: 3%
General Property Description
Type: Duplex
Structure Type: Duplex
Property Condition: Resale
Year Built: 1981
Number of Stories: 1
SqFt - Total: 1960
SqFt - Living: 1720
SqFt Source: Tax Rolls
Gated Community: No
Homeowners Assoc: None
Subdivision: PALM BEACH FARMS CO 7
Lot SqFt: 12865
Lot Dimensions: 135.0 ft x 95.0 ft
Waterfront: No
Private Pool: No
Spa: No
Pets on Premises: No
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location, Tax & Legal
Area: 5700
Geo Area: PB17
Country: United States
County: Palm Beach
Parcel ID: 00434430011070012
Street #: 3642
Street Name: Melaleuca
Street Suffix: Lane
State/Province: FL
Zip Code: 33461
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
Multiple Ofrs Acptd: Yes
REO: No
HOPA: No Hopa
Legal Desc: PALM BEACH FARMS CO PL NO 7 E 135 FT OF LT A (LESS N 40 FT RD R/W) BLK 107
Zoning: RM
Tax Year: 2023
Taxes: 5070.05
Special Assessment: No
Geo Lat: 26.606456
Geo Lon: -80.099953
Office/Member Info
DXORIGMLNO: RX-10984645
DXORIGMLSID: RML
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2024-05-07
Unit 1 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 860
Monthly Income: 1000
Unit 2 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 860
Monthly Income: 1000
Income & Expenses
Gross Operating Inc: 18300
Annual Total Expense: 5700
Annual Net Oper Inc: 24000
Property Features
Source of Expenses: Other
Construction: CBS
Waterfront Details: None
Unit 1 Desc: A/C Unit; Dishwasher; Dryer; Electric Meter; Kitchen; Laundry; Range - Electric; Refrigerator; Smoke Detector; W/D Hookup; Washer; Patio
Unit 1 Parking: Open Parking; Space Parking
Unit 2 Desc: A/C Unit; Dishwasher; Disposal; Dryer; Electric Meter; Kitchen; Laundry; Range - Electric; Refrigerator; Smoke Detector; W/D Hookup; Washer
Unit 2 Parking: Open Parking; Space Parking
Lot Description: 1/4 to 1/2 Acre
Exterior Features: Fence; Open Patio
Subdiv. Amenities: None
Maintenance Fee Incl: None
Tenant Pays: Cable; Electric; Water
Restrict: None
Flooring: Ceramic Tile
Cooling: Ceiling Fan; Central; Electric
Heating: Central; Electric
Roof: Comp Shingle
Terms Considered: Cash; Conventional; Exchange
Utilities: Cable; Public Sewer; Public Water
Storm Protection: None
Special Info: Handyman; Sold As-Is
Taxes: City/County
Avail Info: None
Possession: At Closing; Subject to Lease
Contingencies: Financing
Supplements
"Opportunity knocks at the heart of Lake Worth with this charming duplex, located at 3642 Melaleuca Ln. Boasting long-term tenants in place, this property offers smart investors the chance to secure a steady income stream without the oversight of an HOA. Each unit in this 860 square foot multi-family home promises a cozy living space, waiting for a touch of TLC to unlock its full potential.Please note, this is a tenanted property, and we kindly ask that their privacy and peace are respected - do not disturb the tenants. For more information and to discuss the boundless possibilities this investment opportunity offers, please reach out without delay."
Listing Office: Sutter & Nugent LLC
Last Updated: May - 07 - 2024
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Sunday 19th of May 2024 12:49 AM