$220,000
$239,900
8.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/21/2019
Key Details
Sold Price $220,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Acrehome Park
MLS Listing ID F10196306
Sold Date 11/21/19
Style Duplex
Construction Status Resale
HOA Y/N No
Year Built 1972
Annual Tax Amount $1,836
Tax Year 2018
Property Description
Best Duplex in Riviera Beach. CBS Structure, great bones. Best value and possibility to increase the value and income. Long term tenants (Has occupied the property for approx 20 & 15 years). 1 Kitchen and 1 bathroom has been updated last year. Separate meters for water and electricity. You save on taxes, insurance and lawn maintenance, there is almost no lawn to maintain and tenant in 2nd Unit maintains the lawn himself. Market rent about 1200 pr month so you can increase your CAP rate from todays 8.5% to 12%. You will collect the rent from day 1 after closing which saves you thousands of dollars, you don't need to spend time renovating and finding good tenants. Also you will be able to increase the rent to existing tenants immediately since they are on month to month lease or renovate.
Location
State FL
County Palm Beach County
Area Palm Beach 5270; 5280; 5290
Zoning RML12
Interior
Heating Window/Wall
Cooling Attic Fan, Wall/Window Unit Cooling
Flooring Ceramic Floor
Exterior
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Cbs Construction
Sewer Municipal Sewer
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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