Bought with Southwestern Real Estate
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536 18th ST West Palm Beach, FL 33407
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Key Details
Sold Price $299,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,156 sqft
Price per Sqft $138
Subdivision Pleasant City Up To Date Add
MLS Listing ID RX-10549671
Sold Date 02/10/20
Bedrooms 7
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1925
Annual Tax Amount $3,904
Tax Year 2018
Lot Size 4,996 Sqft
Property Description
Great Turn Key Investment Opportunity! 10% cap rate and 100% occupied for over 2 years with good long term tenants. The financial numbers are ACTUAL AND NOT PRO-FORMA. 3 of the 4 units have been fully renovated. One has not been renovated due to long term tenant living there. Once this unit is renovated, the rent potential can increase by $250 a month or more! One of the buildings has split meters for water and electric. The area has been consistently improving with new construction all around... PLEASE DO NOT DISTURB TENANTS.Units will be shown by appointment ONLY AND after a serious offer has been submitted with proof of funds.
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
Community Features Sold As-Is
Utilities Available Cable, Electric Service Available, Public Sewer, Public Water
Amenities Available None
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Present Use Sold As-Is
Parking Type Open Parking
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Frame, Stucco
Construction Status Resale
Others
Senior Community No Hopa
Restrictions Buyer Approval
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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