NOT LISTED FOR SALE

4733 Mulberry St Lake Worth, FL 33461

Lake Worth Corridor Neighborhood

Estimated Value: $762,000 - $837,070

8 Beds
4 Baths
3,696 Sq Ft
$219/Sq Ft Est. Value

Last Sold August 05, 2021

Last sale price $608,900 $165 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $5,369/month

63 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Ceramic Tile Flooring

About This Home

As of August 2021

Amazing Lake Worth location on this cash-flowing quadplex. All four units are 2 bedroom, 1 bathroom with in-unit laundry. Very desirable for tenants! Two CBS structures with privacy walls/fences, excellent parking, and low maintenance landscaping. Proven rent roll; 3 of 4 units have had limited renovations to increase rent. 4th unit can be delivered vacant and ready for upgrades. In-place rents are market and ready for annual increases. Can be purchased with conventional financing for an outsized return on equity. In-place financials and pro-forma available upon request

Last Agent to Sell the Property

Dan DeMott

LPT Realty, LLC License #3303428 Listed on: 05/03/2021

LPT Realty, LLC

Co-Listed By

Benjamin Bondarevsky

LPT Realty, LLC License #3437260

Last Buyer's Agent

Chris Cusimano

Keller Williams Realty Boca R

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,245

Year Built

  • Built in 1973

Lot Details

  • 0.31 Acre Lot

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,696 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Ceramic Tile Flooring

Utilities

  • Cooling Available
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00434430060000120

Community Details

Overview

  • 4 Units
  • Mulberry Park Subdivision

Building Details

  • Operating Expense $17,802
  • Net Operating Income $31,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,245

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Follow I-95 S to 6th Ave S in Lake Worth. Take exit 63 from I-95 S. Continue on 6th Ave S. Drive to Mulberry St in Lake Worth Corridor. Continue onto Melaleuca Ln. Turn right onto Mulberry St.
  • Year Built: 1973
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3696.0

Exterior Features

  • Exterior Features: None
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00434430060000120
  • Lot Size: 1/4 to 1/2 Acre
  • Lot Size Sq Ft: 13417.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 31088.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 17802.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9245.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Aug 5, 2021
Sold by
Padma Rental Holdings Llc
Bought by
Abreu Rafael Gonzalez and Williams Lynn Marie
Seller's Agent
Dan DeMott
LPT Realty, LLC
Buyer's Agent
Chris Cusimano
Keller Williams Realty Boca R
List Price
$659,900
Sold Price
$608,900
Premium/Discount to List
-$51,000
-7.73%
Current Estimated Value
$810,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,457
Avg. Annual Appreciation
6.99%
Original Mortgage
$597,870
Outstanding Balance
$543,649
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$266,708

Purchase Details

Closed on
Jan 18, 2018
Sold by
Junaid Suhan Bin
Bought by
Padma Rental Holdings Llc

Purchase Details

Listed on
Jun 5, 2015
Closed on
Jul 23, 2015
Sold by
Petric James V and Trabelssi Khadija Jridi
Bought by
Junaid Suhan Bin
Seller's Agent
Jay Janaszek
Inactive Member
Buyer's Agent
Jay Janaszek
Inactive Member
List Price
$329,000
Sold Price
$330,000
Premium/Discount to List
$1,000
0.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.17%
Original Mortgage
$247,500
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2013
Sold by
Trabelssi Khadija
Bought by
Trabelssi Khadija Jridi

Purchase Details

Closed on
Jan 22, 2002
Sold by
Jordan Michael and Jordan Richard
Bought by
Patric James and Trabelsi Abelkader

Purchase Details

Closed on
Sep 7, 1993
Sold by
Veterans Affairs
Bought by
Jordan Richard and Jordan Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,300
Interest Rate
7.22%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Abreu Rafael Gonzalez $608,900 Attorney
Abreu Rafael Gonzalez $608,900 None Listed On Document
Padma Rental Holdings Llc $239,967 Attorney
Junaid Suhan Bin $330,000 First American Title
Trabelssi Khadija Jridi -- Attorney
Patric James $140,000 Fidelity National Title Ins
Jordan Richard $145,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abreu Rafael Gonzalez $597,870
Closed Abreu Rafael Gonzalez $597,870
Previous Owner Junaid Suhan Bin $247,500
Previous Owner Jordan Richard $144,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2021 08/05/21 Sold $608,900 -7.7% $165 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $659,900 +100.0% $179 / Sq Ft
08/05/2015 08/05/15 Sold $330,000 +0.3% $89 / Sq Ft View Prior Sale
07/06/2015 07/06/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $329,000 -- $89 / 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 $13,269 $675,291 -- --
2023 $12,027 $613,901 $188,031 $436,644
2022 $11,267 $558,092 $0 $0
2021 $9,555 $452,612 $134,760 $317,852
2020 $9,245 $433,766 $200,000 $233,766
2019 $9,617 $447,882 $200,000 $247,882
2018 $6,959 $395,330 $192,780 $202,550
2017 $6,046 $301,752 $96,390 $205,362
2016 $5,481 $240,170 $0 $0
2015 $4,659 $180,167 $0 $0
2014 $4,236 $163,788 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Dan DeMott

    LPT Realty, LLC

    (877) 366-2213

    3 in this area

    137 Total Sales

    Dan DeMott
    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Benjamin Bondarevsky

    LPT Realty, LLC

    (561) 735-3000

    2 in this area

    37 Total Sales

    Benjamin Bondarevsky
    Section Image

  • C

    Buyer's Agent in 2021

    Chris Cusimano

    Keller Williams Realty Boca R

  • Chris Cusimano

    Buyer's Agent in 2021

    Chris Cusimano

    Keller Williams Realty Boca Raton

    (561) 289-9305

    1 in this area

    295 Total Sales

    Chris Cusimano
    Section Image
  • Marisa Hold Steller

    Buyer Co-Listing Agent in 2021

    Marisa Hold Steller

    Keller Williams Realty Boca Raton

    (561) 997-0500

    1 in this area

    62 Total Sales

    Marisa Hold Steller
    Section Image

  • J

    Seller's Agent in 2015

    Jay Janaszek

    Inactive Member

See All Agents

Map

Source: BeachesMLS

MLS Number: R10712856

BeachesMLS

APN: 00-43-44-30-06-000-0120

Florida Palm Beach County Lake Worth 33461 Lake Worth Corridor

4733 Mulberry St, Lake Worth, FL

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.

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