$900,000
Wellington, FL 33414
MLS# R10663521
Status: Closed
7660 sqft
1 / 16
Property Description
Folkestone Villa's Is A Unique Multi-Family Investment Opportunity. Constructed As A Quadplex This massive 7660 Square Feet Building Sits On A Half Acre Of Land Located In The Equestrian Capital Of The World Wellington. Villa's Has A Average Of 1,915 Square Feet Of . All units are 4 bedroom 2 bath and have a second story loft. Because Of It's Strong Economy And A Rated School Districted. Wellington Is A Strong Rental Demand Area.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2020-10-15
Status: Closed
Original List Price: 950000
Sold Price: $900,000
Current Price: $900,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Wellington
Postal Zip: 33414
Geographic Area: PB24
Multiple Offers Accepted: Yes
Special Assessment YN: No
Street Number: 13916
Street Name: Folkestone
Street Suffix: Circle
State Or Province: FL
Postal Code: 33414
Subdivision Name: GREENVIEW SHORES 2 OF WELLINGTON
Area: 5520
Parcel Number: 73414409020760010
Zoning: WELL_P
Directions: Greenbrier and Yarmouth
General Property Information
Number Of Units Total: 4
Living Area Main: 6064
Gated Community YN: No
Lot Size Area: 15821
Senior Community YN: No
Stories: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 7660
Building Area Source: Public Records
Year Built: 1996
Lot Size Acres: 0.36
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Conventional
Major Change Timestamp: 2021-03-09T13:12:21Z
Major Change Type: Status Change
Status Change Date: 2021-03-09
Under Contract Date: 2020-11-11
Close Date: 2021-03-09
Close Price: 900000
Association Amenities
None: 1
Electric
Three Phase: 1
Flooring
Ceramic Tile: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Special Listing Conditions
Real Estate Owned: 1
Documents Available
Copy Of Lease(s): 1
Investment Analysis: 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes
Tenant Pays
Electricity: 1
Sewer: 1
Water: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Utilities
Water Available: 1
Heating
Central: 1
Sprinkler Description
Auto Sprinkler: 1
Water Access
None: 1
Construction Materials
CBS: 1
Laundry Features
Outside: 1
Washer Hookup: 1
Dryer Hookup: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Roof
Concrete: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 19741
Gross Income: 85735
Net Operating Income: 65994
Source Of Expenses
Accountant Provided: 1
Pro Forma: 1
Cooling
Central Air: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Contingencies
Appraisal: 1
Financing: 1
Unit 1 Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 1 Details
Actual Rent: 1575
Baths Full: 2
Beds Total: 4
Furnished: Unfurnished
SqFt: 1915
Unit 1 Interior Features
French Doors: 1
Unit 1 Lease Description
Lease Expiration: 2021-01-31
Unit 1 Other Equipment
Air Conditioning Unit: 1
Washer/Dryer Hookups: 1
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 2 Details
Actual Rent: 1620
Baths Full: 2
Beds Total: 4
Furnished: Unfurnished
SqFt: 1915
Unit 2 Interior Features
French Doors: 1
Unit 2 Lease Description
Lease Expiration: 2021-07-31
Unit 2 Other Equipment
Air Conditioning Unit: 1
Washer/Dryer Hookups: 1
Unit 2 Parking Features
Parking Space: 1
Unit 2 Rooms
Kitchen: 1
Utility Room: 1
Unit 3 Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 3 Details
Actual Rent: 1600
Baths Full: 2
Beds Total: 4
Furnished: Unfurnished
SqFt: 1915
Unit 3 Interior Features
French Doors: 1
Unit 3 Lease Description
Lease Expiration: 2021-07-31
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Features
Parking Space: 1
Unit 3 Rooms
Kitchen: 1
Laundry Room: 1
Unit 4 Appliances
Dishwasher: 1
Microwave: 1
Range: 1
Refrigerator: 1
Unit 4 Details
Actual Rent: 1800
Baths Full: 2
Beds Total: 4
Furnished: Unfurnished
SqFt: 1915
Unit 4 Lease Description
Lease Expiration: 2021-01-06
Unit 4 Other Equipment
Air Conditioning Unit: 1
Washer/Dryer Hookups: 1
Unit 4 Parking Features
Parking Space: 1
Unit 4 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 148.41
Original List Price To Close Price: 1.05
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Financial Information
Tax Annual Amount: 13058.3
Tax Year: 2020
Tax Legal Description: GREENVIEW SHORES NO 2 OF WELLINGTON LT 1 BLK 76
Originating Details
Originating System Key: 20201015145301760158000000
Originating System ID: M00000170
Property Features
Association Amenities: None
Documents Available: Copy Of Lease(s); Investment Analysis
Electric: Three Phase
Fencing: Fenced
Flooring: Ceramic Tile
Property Condition: Resale
Special Listing Conditions: Real Estate Owned
Tenant Pays: Electricity; Sewer; Water
Source Of Expenses: Accountant Provided; Pro Forma
Construction Materials: CBS
Cooling: Central Air
Heating: Central
Laundry Features: Outside; Washer Hookup; Dryer Hookup
Listing Terms: Cash; Conventional; FHA; VA Loan
Possession: Close Of Escrow; Negotiable
Restrictions: No Restrictions
Roof: Concrete
Sprinkler Description: Auto Sprinkler
Tax Information: City/County
Utilities: Water Available
Water Access: None
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only
Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Interior Features: French Doors
Unit 1 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer
Unit 2 Interior Features: French Doors
Unit 2 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups
Unit 2 Parking Features: Parking Space
Unit 2 Rooms: Kitchen; Utility Room
Unit 3 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Unit 3 Interior Features: French Doors
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: Parking Space
Unit 3 Rooms: Kitchen; Laundry Room
Unit 4 Appliances: Dishwasher; Microwave; Range; Refrigerator
Unit 4 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups
Unit 4 Parking Features: Parking Space
Unit 4 Rooms: Kitchen
Contingencies: Appraisal; Financing
Acreage Description: 1/4 To Less Than 1/2 Acre Lot
Listing Office: KW Innovations
Last Updated: August - 06 - 2026
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