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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $272
Subdivision Pine Air
MLS Listing ID R10939255
Sold Date 12/21/23
Style Fourplex
HOA Y/N No
Year Built 1972
Annual Tax Amount $8,480
Tax Year 2023
Contingent Backup Contract/Call LA
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Quadruplex
Property Description
***Amazing Investment Opportunity!*** 2 Separate buildings. 2 units per building. Property is in Excellent condition with Great tenants. Separate water & Electric each unit. Laundry in each unit. All units have been remodeled except 1. Owner only pays landscape, taxes and insurance. Very low overhead. Currently bringing in $7,400 per month but rents could be raised to reach $8,000 monthly. Great 1031 exchange property of for the 1st time investor. Property is turn key ready. New Septic, new drain field, piping and lift station. Newer roof and A/C
Unit 1 Lease end 7/2024 - $1,800
Unit 2 Lease end 7/2024 - $1,900
Unit 3 Lease ends 9/2024 - $1,800
UNit 4 Lease end 7/2024 - $1,900
All units should rent for $2,000 per area market rents.
Photos are current and accurate.
Location
State FL
County Palm Beach
Community Pine Air
Area 5480
Direction From Summit and Seton Avenue go South until Seton becomes Melaleuca Avenue. Unit will be on the East side of the road.
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Exterior
Exterior Feature None
Pool None
Roof Type Composition
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Septic Tank
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Others
Senior Community No
Restrictions OK To Lease
Tax ID 00424412100030010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with The Keyes Company
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