NOT LISTED FOR SALE

720 S Broadway Lantana, FL 33462

Lantana Pines Neighborhood
-- Bed
-- Bath
2,988 Sq Ft
6,970 Sq Ft Lot

Last Sold April 05, 2019

Last sale price $500,000 $167 Per Sq Ft

56 Days on Market

Highlights

  • Water Views
  • Ceramic Tile Flooring
  • No Heating
  • Cooling System Mounted To A Wall/Window
  • Fenced

About This Home

As of April 2019

This is a multifamily 5 unit building. A mix of 5 units total. 4/ 1/1's units and 1/ 2/1 unit. Onsite coin laundry. Current cap rate 8%. Potential to make capital improvements on the non renovated units and increase rental rate upside to market rent of $1050+for 1/1's and $1300 + 2/1.

Last Agent to Sell the Property

Max Prestianni

Towne & Country Real Estate, LLC License #3033361 Listed on: 01/08/2019

Last Buyer's Agent

David Stein

Keller Williams Realty Boca Raton License #3428367

Keller Williams Realty Boca Raton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,862

Year Built

  • Built in 1965

Lot Details

  • Fenced

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,988 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Ceramic Tile Flooring
  • Water Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 40434503150150400

Community Details

Overview

  • Association fees include sewer, trash, water
  • 4 Units
  • Greynolds Highlands Subdivision

Building Details

  • Operating Expense $12,162
  • Net Operating Income $43,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,862

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: From Hypoluxo Road go East to Broadway Head North to property. From Lantana Road go East to Broadway head south to property.
  • Year Built: 1965
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2988.0
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Fence
  • View: Other, Water
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Fee Information

  • Association Fee Includes: Sewer, Trash, Water

Lot Info

  • Parcel #: 40434503150150400
  • Zoning Description: R15

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 43390.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 12162.0

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5862.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2019 04/05/19 Sold $500,000 -4.8% $167 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
01/08/2019 01/08/19 For Sale $525,000 -- $176 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Max Prestianni

    Seller's Agent in 2019

    Max Prestianni

    Towne & Country Real Estate, LLC

    (561) 504-8280

    2 Total Sales

    Max Prestianni
    Section Image
  • David Stein

    Buyer's Agent in 2019

    David Stein

    Keller Williams Realty Boca Raton

    (561) 782-9436

    15 Total Sales

    David Stein
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10493314

BeachesMLS

APN: 40-43-45-03-15-015-0400

Florida Palm Beach County Lantana 33462 Lantana Pines

720 S Broadway, Lantana, FL

Not Listed for Sale

MultiFamily

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