$600,000
$599,000
0.2%For more information regarding the value of a property, please contact us for a free consultation.
2840 Avenue S Riviera Beach, FL 33404
3,108 SqFt
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,108 sqft
Price per Sqft $193
Subdivision Acrehome Park
MLS Listing ID F10303180
Style Fourplex
Year Built 1965
Annual Tax Amount $4,949
Tax Year 2020
Property Description
Prime Real Estate investment with 4 units, a total of 10 beds/4baths & 7 parking spaces. 2 X 3 bed/1 bth and 2 X 2 bed/1 bth. All units have separate electric & water meters. Built in 1965 its 3108 sq ft & on 0.2040 acres. Units all remodeled in 2016 with impact windows, new AC, water heaters, kitchens, appliances, flooring & electrical. New Roof in 2018 & all external sewer pipes replaced 2021. Units are currently rented. The 3 bed units rent at $1300 ea per mth and the 2 bed units at $1000. Gross income of $4600 per mth/$55200 per year. A Cap rate of over 9% on the gross income. Bus stop outside, store next door, schools close by. Major Shopping also conveniently located nearby. Great location and easy to rent. DO NOT DISTURB TENANT
Location
State FL
County Palm Beach County
Area Palm Beach 5270; 5280; 5290
Zoning RML12
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Ceramic Floor, Laminate, Vinyl Floors
Exterior
Waterfront No
Water Access N
Roof Type Tar & Gravel Roof
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction, Slab Construction
Sewer Municipal Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Ibero Property Management & Real Estate Services