Bought with Creative Real Estate Services
$75,000
$155,000
51.6%For more information regarding the value of a property, please contact us for a free consultation.
389 Tall Pines RD West Palm Beach, FL 33415
1 Bed
4 Baths
1,836 SqFt
Key Details
Sold Price $75,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,836 sqft
Price per Sqft $40
Subdivision Boulevard Estates
MLS Listing ID RX-10126887
Bedrooms 1
Full Baths 4
Year Built 1966
Annual Tax Amount $1,725
Tax Year 2014
Property Description
Investor opportunity! This property is actually 5 separate units. There are two 1/1's. Two studio apartments and a single 2/1. EACH HAS ITS OWN SEPARATE ENTRANCE! This is close to a 20 CAP at list price!! These deals are getting hard to find. Great area to invest and rental market is very brisk. Each 1/1 could rent for around $600 a month the studios for $400 each and the 2/1 for $650 a month for a total Gross yearly income of $31,800. These are projected rents but are conservative for the market in the area. The square footage is based on the foot print of the home but is not warranted.
Location
State FL
County Palm Beach
Area 5500
Zoning MULTI-FAMILY (M
Interior
Heating No Heat
Cooling Wall-Win A/C
Flooring Ceramic Tile
Exterior
Exterior Feature Extra Building
Community Features Sold As-Is
Utilities Available None
Amenities Available None
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP