NOT LISTED FOR SALE

752 Dr Martin Luther King jr Blvd Unit 1-5 West Palm Beach, FL 33404

Estimated Value: $479,000 - $721,000

5 Beds
4 Baths
1,944 Sq Ft
$306/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $540,000 $278 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,777/month

328 Days on Market

Highlights

  • 15,502 Sq Ft lot
  • Cooling System Mounted To A Wall/Window
  • Fenced
  • William T. Dwyer High School Rated A-
  • Ceramic Tile Flooring

About This Home

As of May 2023

This is a true 5 Unit Building ! $58,800 in income with lots of value added. 5 units 1/1 units with room to add more units. Geral Commercial Zoning lot can accommodate all sorts of types of property. Property is also in a redevelopment CRA zone and Opportunity Zone. all units have separate metersSee attached documents Call for more details .

Last Agent to Sell the Property

Carol Brenner

Intergrated Realty Corp License #626648 Listed on: 07/06/2022

Last Buyer's Agent

Carol Brenner

Intergrated Realty Corp License #626648 Listed on: 07/06/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,245

Year Built

  • Built in 1930

Lot Details

  • 0.36 Acre Lot
  • Fenced

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,944 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 56434232010210180

Community Details

Overview

  • 4 Units
  • Inlet City Subdivision

Building Details

  • Operating Expense $18,300
  • Net Operating Income $40,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,245

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Mlk West of Dixie corner of I and MLk
  • Year Built: 1930
  • 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: 1944.0

Exterior Features

  • Exterior Features: Fence
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block, Frame
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Utilities: Cable Available, Electricity Available

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 56434232010210180
  • Lot Size: 1/4 to 1/2 Acre,West of
  • Lot Size Sq Ft: 15502.0
  • Zoning Description: CG(cit
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 40500.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 18300.0

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4245.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2024
Sold by
Madrelle Global Medical Billing Consulta
Bought by
Cd & Ad Investments Llc
Current Estimated Value
$594,027

Purchase Details

Listed on
Jul 6, 2022
Closed on
Apr 18, 2023
Sold by
70 Jax Florida Llc
Bought by
Madrelle Global Medical Billing Consultants I
Seller's Agent
Carol Brenner
Intergrated Realty Corp
Buyer's Agent
Carol Brenner
Intergrated Realty Corp
List Price
$615,000
Sold Price
$540,000
Premium/Discount to List
-$75,000
-12.2%
Views
442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.04%
Original Mortgage
$120,000
Interest Rate
6.32%

Purchase Details

Closed on
Dec 22, 2017
Sold by
Intergrated Real Properties Inc Corp
Bought by
70 Jax Florida Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 2016
Sold by
Regeneration Properties Incorporated
Bought by
Integrated Real Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 1998
Sold by
Mullins Dorinda C
Bought by
Regeneration Properties Inc
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
Cd & Ad Investments Llc $630,000 Independent Title
Cd & Ad Investments Llc $630,000 Independent Title
Madrelle Global Medical Billing Consultants I $550,000 Independent Title
Madrelle Global Medical Billing Consultants I $550,000 Independent Title
70 Jax Florida Llc $133,947 Attorney
Integrated Real Properties Inc $158,000 Prosperity Land Title Llc
Regeneration Properties Inc $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Madrelle Global Medical Billing Consultants I $120,000
Previous Owner Madrelle Global Medical Billing Consultants I $325,000
Previous Owner 70 Jax Florida Llc $542,000
Previous Owner Integrated Real Properties Inc $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $540,000 -6.1% $278 / Sq Ft
12/15/2022 12/15/22 Price Changed $575,000 -0.7% $296 / Sq Ft
11/29/2022 11/29/22 Price Changed $579,000 -1.0% $298 / Sq Ft
11/10/2022 11/10/22 Price Changed $585,000 -1.7% $301 / Sq Ft
11/01/2022 11/01/22 Price Changed $595,000 -0.8% $306 / Sq Ft
10/18/2022 10/18/22 Price Changed $599,999 -2.4% $309 / Sq Ft
07/06/2022 07/06/22 For Sale $615,000 -- $316 / 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 $7,928 $358,705 -- --
2023 $5,376 $209,188 $0 $0
2022 $4,562 $190,171 $0 $0
2021 $4,245 $172,883 $77,200 $95,683
2020 $4,089 $164,653 $77,200 $87,453
2019 $3,893 $160,932 $73,479 $87,453
2018 $3,438 $136,373 $71,309 $65,064
2017 $3,613 $142,574 $77,510 $65,064
2016 $1,601 $38,828 $0 $0
2015 $1,423 $35,298 $0 $0
2014 $1,272 $32,089 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carol Brenner

    Seller's Agent in 2023

    Carol Brenner

    Intergrated Realty Corp

    (954) 520-1469

    2 in this area

    45 Total Sales

    Carol Brenner
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Map

Source: BeachesMLS

MLS Number: R10814448

BeachesMLS

APN: 56-43-42-32-01-021-0180

Florida Palm Beach County West Palm Beach 33404

752 Dr Martin Luther King jr Blvd Unit 1-5, West Palm Beach, FL

This home is located at 752 Dr Martin Luther King jr Blvd Unit 1-5, West Palm Beach, FL 33404 since 06 July 2022 and is currently estimated at $594,027, approximately $305 per square foot. This property was built in 1930. 752 Dr Martin Luther King jr Blvd Unit 1-5 is a home located in Palm Beach County with nearby schools including Lincoln Elementary School, William T. Dwyer High School, and Howell L. Watkins 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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