Bought with Premier Brokers International Inc
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $885,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 5,312 sqft
Price per Sqft $166
Subdivision Sunshine Park
MLS Listing ID RX-10644244
Sold Date 10/14/20
Construction Status New Construction
Abv Grd Liv Area 20
Year Built 1955
Annual Tax Amount $19,713
Tax Year 2019
Lot Size 9,583 Sqft
Property Description
LOCATION, LOCATION, LOCATION!! 9-unit multi-family property situated in El Cid area, just a few blocks from the intracoastal. Walking distance to trendy shops and restaurants. Public transportation nearby. Freshly painted, fully fenced lot with courtyard area, onsite laundry. Fully rented, great long term tenants. PLEASE DO NOT DISTURB TENANTS and no walk arounds without listing agent accompanying showings. Current rents are below market at approx 5% cap rate. Great upside opportunity. 9 units include 2x 2BD, 3 x 1BD, 4 x room/efficiencies and a garage that is not being rented. 3 units have window AC the remainder 5 units have central AC
Location
State FL
County Palm Beach
Area 5440
Zoning MF10
Interior
Heating Central, Window/Wall
Cooling Central, Wall-Win A/C
Flooring Ceramic Tile, Concrete
Fireplaces Type Smoke Detector
Exterior
Community Features Presently Leased
Utilities Available Gas Natural, Municipal Water, Public Sewer
Waterfront No
Waterfront Description None
Roof Type Comp Rolled,Comp Shingle
Present Use Presently Leased
Building
Story 100.00
Foundation Block, CBS
Construction Status New Construction
Others
Security Features None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Read Less Info
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
GET MORE INFORMATION