NOT LISTED FOR SALE

900 H Unit 1 West Palm Beach, FL 33404

Estimated Value: $565,000 - $983,000

-- Bed
2 Baths
2,870 Sq Ft
$246/Sq Ft Est. Value

Last Sold March 10, 2017

Last sale price $275,000 $96 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $4,402/month

11 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Patio
  • No Heating
  • William T. Dwyer High School Rated A-
  • Fenced

About This Home

As of March 2017

OVER 13% return! An unbelievable price Grab It! $47,000 in gross income Net $37,5006UNITS all 1/1 units! 4 out of the 6 units are renovated.Best deal on the market ! Will not last

Last Agent to Sell the Property

Carol Brenner

Intergrated Realty Corp License #626648 Listed on: 01/27/2017

Last Buyer's Agent

Ken Best

Members Realty Group LLC License #3218175

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,865

Year Built

  • Built in 1957

Lot Details

  • 5,039 Sq Ft Lot
  • Fenced

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,870 Sq Ft Home
  • 2-Story Property

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Total Actual Rent $47,580
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 56434232010180190

Community Details

Overview

  • 4 Units
  • Inlet City Subdivision

Building Details

  • Operating Expense $10,000
  • Net Operating Income $37,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,865

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Corner of 9 and h between MLK and 10 w of dixie.
  • Year Built: 1957
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Other
  • Living Area: 2870.0

Exterior Features

  • Exterior Features: Fence, Patio
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 56434232010180190
  • Lot Size: 101.0 ft x 0.0 ft
  • Lot Size Sq Ft: 5039.0
  • Zoning Description: RM-15(
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 37580.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 10000.0
  • Total Actual Rent: 47580.0

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 1865.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2017
Closed on
Mar 10, 2017
Sold by
Integrated Real Properties Inc
Bought by
Fl Tma Investments Llc
Seller's Agent
Carol Brenner
Intergrated Realty Corp
Buyer's Agent
Ken Best
Members Realty Group LLC
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$707,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,046
Avg. Annual Appreciation
9.87%

Purchase Details

Listed on
Aug 25, 2015
Closed on
Jan 25, 2016
Sold by
Hendricks John and Hendricks Kristine
Bought by
Integrated Real Properties Inc
Seller's Agent
John Tracy
The Real Estate Consulting Gr
Buyer's Agent
Carol Brenner
Intergrated Realty Corp
List Price
$250,000
Sold Price
$180,000
Premium/Discount to List
-$70,000
-28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.00%
Original Mortgage
$135,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 1996
Sold by
Mullins Dorinda C
Bought by
Hendricks John and Hendricks Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.25%
Mortgage Type
Balloon
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
Fl Tma Investments Llc $275,000 Attorney
Integrated Real Properties Inc $180,000 Prosperity Land Title Llc
Hendricks John $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Integrated Real Properties Inc $135,000
Previous Owner Hendricks John $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2017 03/10/17 Sold $275,000 0.0% $96 / Sq Ft
02/08/2017 02/08/17 Pending -- -- --
01/27/2017 01/27/17 For Sale $275,000 +52.8% $96 / Sq Ft
01/25/2016 01/25/16 Sold $180,000 -28.0% $63 / Sq Ft
12/26/2015 12/26/15 Pending -- -- --
08/25/2015 08/25/15 For Sale $250,000 -- $87 / 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 $7,849 $304,985 -- --
2023 $7,095 $277,259 $0 $0
2022 $6,675 $252,054 $0 $0
2021 $5,815 $265,285 $15,680 $249,605
2020 $5,142 $208,309 $15,680 $192,629
2019 $5,179 $211,917 $12,320 $199,597
2018 $4,615 $186,292 $11,088 $175,204
2017 $3,242 $121,137 $7,920 $113,217
2016 $1,865 $52,249 $0 $0
2015 $1,713 $47,499 $0 $0
2014 $1,678 $43,181 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10302744

BeachesMLS

APN: 56-43-42-32-01-018-0190