Bought with Regency Realty Services
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500 Franklin RD West Palm Beach, FL 33405
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Key Details
Sold Price $390,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,061 sqft
Price per Sqft $127
Subdivision Colonial Estates
MLS Listing ID RX-10381882
Sold Date 05/24/18
Bedrooms 8
Full Baths 5
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 20
Year Built 1978
Annual Tax Amount $5,451
Tax Year 2016
Lot Size 5,498 Sqft
Property Description
Cash producing, fully rented 3-unit building boasting two 3bed/2bath townhouses and one 2/1 SFR. Each unit has it's own laundry room. Hard to find corner lot property in the heart of Palm Beach County close to main highways including I-95 and Turnpike and to the beach, shopping, dining, entertainment and public transportation. This is a turn key property which is already yielding an incredible cash on cash return. Gross Income of $36,000. Huge rent increase potential. Current cap is 8%.
Location
State FL
County Palm Beach
Community Colonial Estates
Area 5430
Zoning SF7
Interior
Heating Central
Cooling Central
Flooring Parquet Floor, Tile, Vinyl Floor
Exterior
Exterior Feature Fence
Community Features Sold As-Is
Utilities Available Cable
Amenities Available None
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Present Use Sold As-Is
Parking Type Space Parking
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre
Story 2.0
Foundation CBS
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
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