Palm Springs, FL 33461,3789 Davis RD
Palm Springs, FL 33461,3789 Davis RD
Palm Springs, FL 33461,3789 Davis RD
Palm Springs, FL 33461,3789 Davis RD
Palm Springs, FL 33461,3789 Davis RD
Palm Springs, FL 33461,3789 Davis RD
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Listed by Elevate Realty LLC
Bought with KW Innovations

$1,000,000

$1,100,000

9.1%
Est.Price: ?

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Est. payment /mo

10 Baths

4,843 SqFt


SOLD DATE : 01/31/2024

Key Details

Sold Price $1,000,000

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Sold

Purchase Type For Sale

Square Footage 4,843 sqft

Price per Sqft $206

Subdivision Lakewood Gardens 1

MLS Listing ID RX-10948415

Sold Date 01/31/24

Year Built 1978

Annual Tax Amount $9,876

Tax Year 2023

Lot Size 0.550 Acres

Property Description

Rare FIND! Fully Occupied, Cash flowing Solid Concrete Block 5 unit Multi Family compound situated on over half an acre of prime land in Fabulous Palm Springs. Tenants are currently paying below market rents but are all month to month and most of them will agree to rent increases or can vacate. Some units are renovated and some have deferred maintenance from having very long term tenants. Central HVAC units and washer dryers are present as well as a personal dumpster for trash pickup. Recently painted with a fresh coat of paint and landscape, this property is ready for new management and has tremendous upside value potential. Tenants pay their own utilities.

Location

State FL

County Palm Beach

Area 5490

Zoning multi

Interior

Heating Central

Cooling Central

Flooring Ceramic Tile

Fireplaces Type Smoke Detector

Exterior

Utilities Available Public Water

Roof Type Comp Shingle

Building

Story 100.00

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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