$725,000
West Palm Beach, FL 33407
MLS# RX-10930045
Status: Active Under Contract
2464 sqft
1 / 55
Property Description
Finally the Investors dream has arrived in the Market. This remarkable fourplex comprises two buildings, each housing two units side by side, boasting a total of 2,464 square feet. Nestled in the thriving Northwood Area, it represents a lucrative rental income opportunity. Every unit is currently occupied with existing leases set to seamlessly transition to the new owner, ensuring an immediate stream of rental income commencing from the closing date.
Details
Maps
Contract Information
Listing Date: 2023-10-24
Status: Active Under Contract
Original List Price: 789000
Auction: No
List Price: $725,000
Current Price: $725,000
List Price/SqFt: 294.23
Comm/Non-Rep: 0%
Comm/Buyer Agent: 2.5%
Comm/Trans Brk: 2.5%
General Property Description
Type: Quad Plex
Structure Type: Quadruplex
Total # of Units: 4
Property Condition: Resale
Year Built: 1928
Number of Stories: 2
SqFt - Total: 2656
SqFt - Living: 2464
SqFt Source: Appraisal
Gated Community: No
Homeowners Assoc: None
Directions: Head west on Palm Beach Lakes Blvd toward Division Ave, Right at the 1st cross street onto Division Ave, Turn right onto 23rd St, 23rd St turns left and becomes Pinewood Ave, Turn right onto 32th St
Subdivision: NORTHWOOD ADD
Lot SqFt: 5950
Waterfront: No
Private Pool: No
Spa: No
Pets on Premises: No
Separate Elec Meters: No
Separate Wtr Meters: No
Location, Tax & Legal
Area: 5420
Geo Area: PB20
Country: United States
County: Palm Beach
Parcel ID: 74434309050410080
Street #: 618
Street Name: 32nd
Street Suffix: Street
State/Province: FL
Zip Code: 33407
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
Multiple Ofrs Acptd: Yes
REO: No
HOPA: No Hopa
Legal Desc: NORTHWOOD ADD LT 8 BLK 41
Zoning: SF7(ci
Tax Year: 2022
Taxes: 6219
Special Assessment: No
Geo Lat: 26.742284
Geo Lon: -80.057567
Office/Member Info
DXORIGMLNO: RX-10930045
DXORIGMLSID: RML
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2024-04-29
Unit 1 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 750
Monthly Income: 1700
Unit 2 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 750
Monthly Income: 1800
Unit 3 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 750
Monthly Income: 1800
Unit 4 Info
Bedrooms: 1
Full Bath: 1
Furnished: No
SqFt: 600
Monthly Income: 1500
Income & Expenses
Gross Operating Inc: 81600
Annual Total Expense: 19083
Annual Net Oper Inc: 62517
Tenant Pays
Sewer: 1
Storm Protection
Other Protection: Partial
Property Features
Source of Expenses: Owner
Construction: CBS
Waterfront Details: None
View: Garden
Unit 1 Desc: A/C Unit
Unit 1 Parking: Space Parking
Unit 2 Desc: A/C Unit
Unit 2 Parking: Open Parking; Space Parking
Unit 3 Desc: A/C Unit
Unit 3 Parking: Space Parking
Unit 4 Desc: A/C Unit
Unit 4 Parking: Open Parking; Space Parking
Lot Description: < 1/4 Acre
Exterior Features: None
Subdiv. Amenities: None
Tenant Pays: Cable; Electric; Water
Restrict: Lease OK
Flooring: Clay Tile; Concrete
Cooling: Ceiling Fan; Central; Wall-Win A/C
Heating: Central; Electric; Window/Wall
Roof: Flat Tile
Terms Considered: Cash; Conventional
Utilities: Cable; Electric; Gas Natural; Public Sewer; Public Water
Taxes: City/County
Avail Info: Leases
Possession: Funding
Contingencies: Appraisal; Inspection
Listing Office: Continental Properties, Inc.
Last Updated: April - 30 - 2024
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Saturday 4th of May 2024 06:21 AM