Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 6.11% cap rate. Property consists of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath. Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was just painted, landscaped, offers plenty of parking, and new exterior lighting. Attached is a brochure with more details.
|
DAYS ON MARKET
|
231
|
LAST UPDATED
|
4/3/2024
|
|
TRACT
|
PALM BEACH FARMS CO 7
|
YEAR BUILT
|
1979
|
|
COUNTY
|
Palm Beach
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
| Elementary School |
Palm Springs Elementary School |
| Jr. High School |
Lake Worth Community Middle |
| High School |
Lake Worth High School |
|
Prior to Jan 6, '24
|
$2,100,000
|
|
Jan 6, '24 - Apr 3, '24 |
$1,999,700
|
| Apr 3, '24 - Today |
$1,899,700 |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| BUYER'S BROKERAGE COMPENSATION |
2.5 |
| HEAT |
Central |
| SEWER |
Septic Tank |
| STORIES |
1 |
| SUBDIVISION |
PALM BEACH FARMS CO 7 |
| TAXES |
13260.5 |
| WATER |
Public |
| ZONING |
RM - MULTI-FAMI |
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Listing provided by Daniel J DeRogatis, Re/Max Direct
The content relating to real estate for sale on this web site comes in part from the IDX program of the Regional Multiple Listing Service, Inc. Listing content is © 2024
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This information was last updated as of date specified below. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Data last updated: 4/27/24 12:12 PM PDT.
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