Bought with Non-Member Selling Office
$385,000
$395,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
2,776 SqFt
SOLD DATE : 09/08/2020
Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,776 sqft
Price per Sqft $138
Subdivision Villa Del Trio
MLS Listing ID RX-10622998
Sold Date 09/08/20
Bedrooms 8
Full Baths 3
Half Baths 2
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 21
Year Built 1980
Annual Tax Amount $5,285
Tax Year 2019
Lot Size 8,390 Sqft
Property Description
Triplex located in a good rental area. CAP rate with the current rents 7%. Room to increase rental rates to increase CAP rate to approximately 10%. The property has a new shingle roof. All the windows have newer accordion hurricane shutters. Each has a attached storage unit. Stack washer and dryer in each unit. Separated back yard areas. Each rental has its own HVAC unit, separate electrical and water meters. Ideal for investors looking for a good return and some TLC improvements. Current occupants have been long term renters.
Location
State FL
County Palm Beach
Area 5490
Zoning RM-1(c
Interior
Heating Central, Electric
Cooling Ceiling Fan, Central, Electric
Flooring Other
Exterior
Exterior Feature Fence, Open Patio, Shutters
Utilities Available Cable, Electric, Public Sewer, Public Water
Amenities Available None
Waterfront No
Waterfront Description None
Roof Type Comp Shingle,Wood Joist
Parking Type Space Parking
Private Pool No
Building
Lot Description < 1/4 Acre, Public Road
Story 1.0
Foundation CBS, Concrete, Stucco
Construction Status Resale
Schools
Elementary Schools Greenacres Elementary School
Middle Schools L C Swain Middle School
High Schools John I. Leonard High School
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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