$440,000
SOLD MAR 1, 2016
-- Bed
-- Bath
5,590 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$79 Per Sq Ft

6% Below List Price

54 Days on Market

Highlights

  • Newly Remodeled
  • Tile Flooring
  • Fenced
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • 5-minute walk to Heart & Soul Park

About This Home

As of March 2016

8-plex, two story 8 units multifamily in West Palm Beach. Building has been updated with new kitchen and new flooring. Roof has been repaired. BUildinig was bought as a distress property 2 years ago but has now passed all re-occupancy inspection from City of West Paslm Beach. High retun potential. All units are 2/1 and rents for $750 per month. Separate meter for power and water so tenants a re responsible to pay for their own utilities.The property generate an income of $72,000 per years with tax being $6

Last Agent to Sell the Property

Eric Morin

Yakut Properties LLC License #3257635 Listed on: 12/07/2015

Co-Listed By

Seymour Watson

Ethanmour Realty LLC License #3185086

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,074

Year Built

  • Built in 1963 | Newly Remodeled

Lot Details

  • 7,405 Sq Ft Lot
  • Fenced

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 5,590 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $72,000
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 74434316010200050

Community Details

Overview

  • 4 Units
  • Freshwater Add To Wpb Subdivision

Building Details

  • Operating Expense $17,600
  • Net Operating Income $54,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,074

Year Built

Built in 1963 | Newly Remodeled

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: from I-95 exit on Okeechoboee blvd, then take the exit to go North on Australian ave.At Palm Beach Lakes blvd go east unit you reach Sapodilla ave and go South. Building on 11th street
  • Year Built: 1963
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built Details: New Construction
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Tile
  • Living Area: 5590.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fence
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: New Construction
  • Roof: Tar/Gravel

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Utilities: Cable Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Sewer, Cable TV, Water
  • Senior Community: No

Lot Info

  • Parcel #: 74434316010200050
  • Lot Size Sq Ft: 7405.0
  • Zoning Description: NWD-R-
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 54400.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 17600.0
  • Total Actual Rent: 72000.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 6074.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2020 05/19/20 Rented $900 0.0% --
04/19/2020 04/19/20 Under Contract -- -- --
02/01/2020 02/01/20 For Rent $900 0.0% --
03/01/2016 03/01/16 Sold $440,000 +58566.7% $79 / Sq Ft
01/31/2016 01/31/16 Pending -- -- --
01/13/2016 01/13/16 Rented $750 -99.8% --
12/14/2015 12/14/15 Under Contract -- -- --
12/07/2015 12/07/15 For Sale $470,000 0.0% $84 / Sq Ft
09/14/2015 09/14/15 For Rent $750 0.0% --
01/14/2014 01/14/14 Rented $750 0.0% --
01/14/2014 01/14/14 For Rent $750 0.0% --
11/11/2013 11/11/13 Sold $200,000 -31.0% $36 / Sq Ft
10/12/2013 10/12/13 Pending -- -- --
09/26/2013 09/26/13 For Sale $290,000 -- $52 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10189912

BeachesMLS