NOT LISTED FOR SALE

2636 West Way Riviera Beach, FL 33404

Estimated Value: $303,000 - $1,771,223

-- Bed
4 Baths
2,850 Sq Ft
$402/Sq Ft Est. Value

Last Sold July 22, 2016

Last sale price $770,000 $270 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $7,333/month

66 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • 5-minute walk to Phil Foster Memorial Park
  • William T. Dwyer High School Rated A-

About This Home

As of July 2016

Perfect Investment Opportunity in a private area of upscale Singer Island. Two Detached Duplexes with tenants in place. Building 1 address is 2636, built in 1955. Building 2 address is 2646, built in 1983. All units have central AC. Located in a residential neighborhood but zoned office/professional. Perfectly located across from the beach and shopping center for those seeking a seasonal rental or a place to call home. Detached Laundry room with coined washer and dryer. Grab your sun glasses and come see all the opportunities this property has. Fully rented, 6.6% cap rate. 2 units are brand new bring $46k a year. 2 other units bring $22k. 6 parking lots.

Last Agent to Sell the Property

Roman Fischer

FPB Investment Properties, Inc License #3284948 Listed on: 04/16/2016

Last Buyer's Agent

Roman Fischer

FPB Investment Properties, Inc License #3284948 Listed on: 04/16/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,527

Year Built

  • Built in 1983

Lot Details

  • 9,148 Sq Ft Lot
  • Sprinkler System

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Roof

Interior Spaces

  • 2,850 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile
  • Terrazzo

Utilities

  • Central Heating and Cooling System
  • Water Not Available

Listing and Financial Details

  • Total Actual Rent $68,250
  • Rent includes electricity, cable TV
  • Assessor Parcel Number 56434227040005120

Community Details

Overview

  • 4 Units
  • Palm Beach Shores In Pb 2 Subdivision

Building Details

  • Operating Expense $17,527
  • Net Operating Income $50,723

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,527

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: 95 to Blue Heron East to Singer Island Over the bridge U turn at Park Ave Turn Right on West Way Destination on Right
  • Year Built: 1983
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Terrazzo, Tile
  • Living Area: 2850.0

Exterior Features

  • Lot Features: Sprinklers Automatic, < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Concrete, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: None, Water Not Available
  • Water Source: None

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Cable TV
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 56434227040005120
  • Lot Size Sq Ft: 9148.0
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 50723.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 17527.0
  • Total Actual Rent: 68250.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 7527.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2016
Closed on
Jul 22, 2016
Sold by
Ill Charles
Bought by
368 E 148Th Street Associates Llc
Seller's Agent
Roman Fischer
FPB Investment Properties, Inc
Buyer's Agent
Roman Fischer
FPB Investment Properties, Inc
List Price
$770,000
Sold Price
$770,000
Current Estimated Value
$1,144,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,306
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Apr 27, 2015
Sold by
Gallagher James F and Marinaro Maryann
Bought by
Charles

Purchase Details

Closed on
Oct 23, 2002
Sold by
Gallagher James F and Marinaro Maryann
Bought by
Gallagher James F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.19%

Purchase Details

Closed on
Sep 20, 2002
Sold by
Williams Louis F and Williams Jon C
Bought by
Gallagher James F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.19%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
368 E 148Th Street Associates Llc $770,000 Preferred Title Inc
Charles $536,000 None Available
Gallagher James F -- --
Gallagher James F $295,000 The Title Network Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallagher James F $236,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2016 07/22/16 Sold $770,000 0.0% $270 / Sq Ft
06/22/2016 06/22/16 Pending -- -- --
04/16/2016 04/16/16 For Sale $770,000 -- $270 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,968 $707,240 -- --
2023 $15,184 $642,945 $0 $0
2022 $14,161 $584,495 $0 $0
2021 $11,957 $531,359 $255,510 $275,849
2020 $11,156 $490,918 $255,510 $235,408
2019 $11,011 $480,306 $243,360 $236,946
2018 $9,797 $435,121 $236,250 $198,871
2017 $9,730 $426,296 $225,000 $201,296
2016 $8,949 $382,500 $0 $0
2015 $7,527 $310,557 $0 $0
2014 $7,465 $298,197 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roman Fischer

    Seller's Agent in 2016

    Roman Fischer

    FPB Investment Properties, Inc

    (561) 320-1295

    5 in this area

    29 Total Sales

    Roman Fischer
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Map

Source: BeachesMLS

MLS Number: R10226449

BeachesMLS

APN: 56-43-42-27-04-000-5120

Florida Palm Beach County Riviera Beach 33404

2636 West Way, Riviera Beach, FL

This home is located at 2636 West Way, Riviera Beach, FL 33404 since 16 April 2016 and is currently estimated at $1,144,306, approximately $401 per square foot. This property was built in 1983. 2636 West Way is a home located in Palm Beach County with nearby schools including Lincoln Elementary School, William T. Dwyer High School, and John F. Kennedy Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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