Bought with KW Innovations
$1,000,000
$1,100,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
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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