West Palm Beach, FL 33407,426 50th ST 1
Listed by KSR Realty LLC
Bought with Southeast Regional Realty Corp

$238,500

$255,000

6.5%
Est.Price: ?

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Est. payment /mo

3 Baths

1,656 SqFt


SOLD DATE : 03/25/2019

Key Details

Sold Price $238,500

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,656 sqft

Price per Sqft $144

Subdivision North Palm Bch 1

MLS Listing ID RX-10448180

Sold Date 03/25/19

Full Baths 3

Construction Status Resale

HOA Y/N No

Abv Grd Liv Area 20

Year Built 1952

Annual Tax Amount $2,686

Tax Year 2017

Lot Size 7,306 Sqft

Property Description

Long-term tenants with below market rent on two of the three units. Current monthly gross is $2,400 potential monthly gross is $2,700, annual current gross income is $28,800, potential annual gross income is $32,400. Operating expenses are property taxes : $2,687, property insurance (optional ) $1,277, general liability (optional) $458, utilities $2400/year and lawn $600/year total expenses $7,422.69. Current net annual income is $21,331, potential net annual income is $24,978. Actual cap rate is 7.75%, potential cap rate is 9.0%.

Location

State FL

County Palm Beach

Area 5420

Zoning SF7(ci

Interior

Heating Window/Wall

Cooling Wall-Win A/C

Flooring Ceramic Tile

Exterior

Exterior Feature None

Utilities Available Public Sewer

Amenities Available None

Waterfront No

Waterfront Description None

Roof Type Comp Shingle

Parking Type Open Parking

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1.0

Foundation CBS

Construction Status Resale

Others

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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