Bought with Palm Beach Investors Realty LLC
$1,325,000
$1,300,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
323 Almeria RD 101 West Palm Beach, FL 33405
10 Baths
5,710 SqFt
Key Details
Sold Price $1,325,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 5,710 sqft
Price per Sqft $232
Subdivision El Cid Park Add
MLS Listing ID RX-10523563
Year Built 1928
Annual Tax Amount $12,276
Tax Year 2018
Lot Size 10,890 Sqft
Property Description
10 Unit Apartment Building Only 2 Blocks From Intracoastal, Fully Occupied, Income = $125,000,Annual Expenses = $36,000 - Not Included Is On Site Laundry Income.Firm Price = 7.5% Cap Rate @ Current Rents, Rents Can Be Raised, Great Area, Great Building, Well Desired Units, 100% Rented At All Times, Some Tenants Since 2005. 10 Units (Mix of 2 Bed / 1 Bed Units) Separate Electric Meters... DO NOT DISTURB TENANTS - SHOWINGS AFTER APPROVED BUYER MAKES VALID OFFER or INTEREST.
Location
State FL
County Palm Beach
Area 5430
Zoning MF32(c
Interior
Heating Central
Cooling Central
Flooring Tile, Vinyl Floor, Wood Floor
Fireplaces Type Smoke Detector
Exterior
Community Features None
Utilities Available Cable, Electric, Public Sewer, Public Water
Waterfront No
Roof Type Comp Shingle
Building
Story 10.00
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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