Bought with RE/MAX Prestige Realty/RPB
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715 7th ST 1 West Palm Beach, FL 33401
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Key Details
Sold Price $990,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 12,480 sqft
Price per Sqft $79
Subdivision Freshwater Add To Wpb
MLS Listing ID RX-10165560
Sold Date 04/20/16
Construction Status Resale
Abv Grd Liv Area 20
Year Built 1961
Annual Tax Amount $15,745
Tax Year 2014
Lot Size 0.430 Acres
Property Description
Sellers plans changing so disposing of these great income properties. Total of 30 rental units. Long term tenants in place so landlord has kept rents at $600 - $700/month for benefit of residents. Rents have been kept lower than potential rent. Current rents can be increased. The 715 7th St. building is 18 units 2br/1ba, and CAP rate of 6%. 9 unit building is 8 units of 2br/1ba and 1 unit 1br/1ba. Duplex is 2br/1ba on each side. Windsor homes are 2 at 3br/1ba and one is 2br/1ba. The package includes RX-10165571 2629 Ave E 9 units $640,000, CAP rate 5%. RX-10167048 3405,3409,3415 Windsor 3 units $260,000, 5%.
Location
State FL
County Palm Beach
Area 5420
Zoning NWD-R-
Interior
Heating Central, Electric
Cooling Central, Wall-Win A/C
Flooring Carpet, Terrazzo Floor
Fireplaces Type Smoke Alarm
Exterior
Community Features City Jurisdiction, Presently Leased
Utilities Available Cable, Electric, Public Sewer, Public Water, Separate Meter
Waterfront No
Waterfront Description None
Roof Type Comp Shingle,Tar/Gravel
Present Use City Jurisdiction,Presently Leased
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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