Bought with Bassford Realty, Inc.
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516 20th ST A West Palm Beach, FL 33407
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Key Details
Sold Price $310,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $123
Subdivision Pleasant City
MLS Listing ID RX-10448186
Sold Date 01/22/20
Bedrooms 7
Full Baths 3
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 20
Year Built 1961
Annual Tax Amount $3,441
Tax Year 2017
Lot Size 7,505 Sqft
Property Description
Long-term tenants with below market rent on two of the three units. Current monthly gross is $3,200 potential monthly gross is $3,550, annual current gross income is $38,400, potential annual gross income is $42,600. Operating expenses are property taxes : $3,442 property insurance (optional ) $1,943, general liability (optional) $458, lawn $900 a year total expenses $6,743.69 Current net annual income is $31,656, potential net annual income is $35,856. Actual cap rate is 8.50%, potential cap rate is 9.56%.
Location
State FL
County Palm Beach
Area 5420
Zoning MF14(c
Interior
Heating No Heat
Cooling Ceiling Fan, Wall-Win A/C
Flooring Ceramic Tile
Exterior
Exterior Feature Fence, Room for Pool
Utilities Available Cable
Amenities Available None
Waterfront No
Waterfront Description None
Roof Type Other
Parking Type Open Parking, Space Parking
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2.0
Foundation Block, CBS, Concrete
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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