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.
1634 W 9th ST Riviera Beach, FL 33404
12 Beds
4 Baths
3,848 SqFt
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
Bedrooms 12
Full Baths 4
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 No
Waterfront Description None
View Garden
Roof Type Comp Shingle,Other
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation CBS, Stucco
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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