$1,300,000
Lake Worth Beach, FL 33460
MLS# RX-10984901
3409 sqft
1 / 13
Property Description
Cash Flow Monster! Fully leased and stabilized: $11,500/m rental income plus laundry room income. All 4 units remodeled. Property sits on a corner lot (zoned MF 10) with ample parking and adjacent to Howard Park (family bbq, playgrounds, soccer, bbq) and the LWB Community Center. Very desirable area for families. Stabilized asset, please do not disturb the tenants. The property is located within 5 minutes from LWB Downtown, groceries, restaurants, the beach and near the Palm Beach State College.
Details
Maps
Documents
Contract Information
Listing Date: 2024-05-06
Status: Active
Original List Price: 1300000
Auction: No
List Price: $1,300,000
Current Price: $1,300,000
List Price/SqFt: 381.34
Comm/Non-Rep: 1%
Comm/Buyer Agent: 3%
Comm/Trans Brk: 3%
General Property Description
Type: Quad Plex
Structure Type: Quadruplex
Total # of Units: 4
Property Condition: Resale
Year Built: 1960
Number of Stories: 2
SqFt - Total: 3765
SqFt - Living: 3409
SqFt Source: Other
Gated Community: No
Homeowners Assoc: None
Subdivision: PARKVIEW HEIGHTS
Lot SqFt: 7257
Waterfront: No
Private Pool: No
Pets on Premises: No
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location, Tax & Legal
Area: 5640
Geo Area: PB16
Country: United States
County: Palm Beach
Parcel ID: 38434434030000190
Street #: 825
Street Name: Truman
Street Suffix: Avenue
State/Province: FL
Zip Code: 33460
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
REO: No
HOPA: No Hopa
Legal Desc: PARKVIEW HEIGHTS LT 19
Zoning: MF
Tax Year: 2023
Taxes: 15712.2
Geo Lat: 26.594365
Geo Lon: -80.057963
Office/Member Info
DXORIGMLNO: RX-10984901
DXORIGMLSID: RML
Unit 1 Info
Full Bath: 1
Furnished: No
SqFt: 950
Monthly Income: 2500
Unit 2 Info
Full Bath: 1
Furnished: No
SqFt: 800
Monthly Income: 2150
Unit 3 Info
SqFt: 1450
Monthly Income: 5250
Unit 4 Info
SqFt: 500
Monthly Income: 1600
Income & Expenses
Gross Operating Inc: 138000
Annual Total Expense: 40000
Annual Net Oper Inc: 98000
Storm Protection
Accordion Shutters: Partial
Property Features
Source of Expenses: Books; Owner; Proforma
Construction: CBS; Concrete
Waterfront Details: None
View: Garden; Preserve
Unit 1 Desc: A/C Unit
Unit 1 Parking: Open Parking
Unit 2 Desc: A/C Unit
Unit 2 Parking: Open Parking
Lot Description: West of US-1; < 1/4 Acre; Corner Lot
Exterior Features: Covered Patio; Extra Building; Fence; Fruit Tree(s); Shutters
Subdiv. Amenities: None
Tenant Pays: Cable; Insurance
Restrict: Buyer Approval
Flooring: Clay Tile; Vinyl Floor
Cooling: Ceiling Fan; Central Individual; Wall-Win A/C
Heating: Central Individual; Window/Wall
Roof: Comp Shingle
Terms Considered: Cash; Conventional
Utilities: Cable; Public Sewer; Public Water
Special Info: Sold As-Is
Taxes: City/County
Avail Info: Investment Analysis; Other
Possession: At Closing
Proforma 
Listing Office: Keller Williams Coastal Partners
Last Updated: May - 07 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Sunday 19th of May 2024 11:53 AM