INVESTMENT OPPORTUNITY! *Please do not disturb tenants* Rare opportunity to own an investment property in the sought after waterfront community of Tropic Isle located EAST of Federal Hwy, just steps to the beach. Property features two fully renovated units and a bonus unfinished third standalone unit. Each unit can rent for $2500 and up. Most recent duplex rentals on the same street rented for $3500 per unit. Plenty of parking - room for 10 cars. Lot is oversized and meticulously maintained - room for additions and/or a pool. With finished 3rd unit efficiency, projected rentals estimate 7% Cap Rate! Roof is 9 years and no issues on recent inspection. Use code 0800-Multifamily <10 units
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DAYS ON MARKET
|
59
|
LAST UPDATED
|
3/18/2022
|
|
TRACT
|
TROPIC ISLE 2ND SEC
|
YEAR BUILT
|
1957
|
|
COMMUNITY
|
Tropic Isle
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COUNTY
|
Palm Beach
|
|
STATUS
|
Sold
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PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Pine Grove Elementary School |
| Jr. High School |
Boca Raton Community Middle School |
| High School |
Boca Raton Community High School |
| AIR |
Central Individual |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
A/C Unit, Laundry, Patio |
| AREA |
Tropic Isle |
| CONSTRUCTION |
CBS |
| EXTERIOR |
Fence, Screen Porch |
| HEAT |
Central Individual |
| HOA DUES |
0.00 |
| INTERIOR |
Flooring: Ceramic Tile |
| LOT |
0.29 acre(s) |
| LOT DESCRIPTION |
1/4 to 1/2 Acre |
| PARKING |
Space Parking |
| STORIES |
1 |
| SUBDIVISION |
TROPIC ISLE 2ND SEC |
| TAXES |
9045.47 |
| UTILITIES |
Cable,Electric,Public Sewer,Public Water |
| WATERFRONT DESCRIPTION |
None |
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Listing provided by Sheralyn Anstis, RE/MAX Services
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Data last updated: 4/25/24 5:32 AM PDT.
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