Bought with Lara Real Estate Group
$720,000
$750,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
4 Baths
3,848 SqFt
SOLD DATE : 02/10/2023
Key Details
Sold Price $720,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,848 sqft
Price per Sqft $187
Subdivision Harmony Heights
MLS Listing ID RX-10807469
Sold Date 02/10/23
Bedrooms 12
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1971
Annual Tax Amount $8,979
Tax Year 2021
Lot Size 8,793 Sqft
Property Description
In early 2021, this quadplex received a brand new roof, 4 brand new electrical panels, updated plumbing & 4 brand new central AC units. Unit 4 is completely remodeled (new kitchen cabinets, quartz countertops, new stove, new dishwasher, new bathtub, new vanity). All floors are tiled except unit 2 has carpet. One unit is currently earning $1650, the other units are paying $1500, $1450 & $1400. The projected income ($1650 rent per unit - $12,567 for taxes & insurance (see attached tax return)) is $66,633 which is more than a 7.8% CAP rate. 3 units have long term renters & one unit should be rented at $1800 beginning 02/01/2023. (2 tenants are month to month and 2 tenants' leases expire in December 2022 & February 2023).Priced to sell & only showing with a signed contract.
Location
State FL
County Palm Beach
Community Harmony Heights
Area 5280
Zoning Rs-6
Interior
Heating Central, Electric
Cooling Ceiling Fan, Central, Electric
Flooring Tile
Exterior
Exterior Feature Fence
Community Features Sold As-Is
Utilities Available Cable, Electric, Public Sewer, Public Water, Water Available
Amenities Available None
Waterfront Description None
View Garden
Roof Type Comp Shingle,Other
Present Use Sold As-Is
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation CBS, Stucco
Construction Status Resale
Others
HOA Fee Include None
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
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