$349,000
West Palm Beach, FL 33407
MLS# R10346617
Status: Closed
3708 sqft
1 / 6
Property Description
Great investment possibility ... Desirable cash cow here in WPB. 5-plex rented to one church organization. You collect only one check each month for the entire property. The property is comprised of 2 buildings; the 1st one is a 3 bedroom 1 bath home and the 2nd is a 2 story 4 unit building with each unit having 2 bedrooms 1 bath. Currently rented for $3500/month and tenant pays for water and electric. Huge income and return and easy to manage. Property has been rehabbed and repaired with kitchen upgrade to basic rental, permitted electrical work and central a/c in each unit. This is a jackpot for serious investors.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2017-06-29
Status: Closed
Original List Price: 375000
Sold Price: $349,000
Current Price: $349,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: West Palm Beach
Postal Zip: 33407
Geographic Area: PB20
Multiple Offers Accepted: Yes
Special Assessment YN: No
Street Number: 1913
Street Name: Division
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33407
Subdivision Name: WASHINGTON HEIGHTS
Area: 5420
Elementary School: Pleasant City
Middle Or Junior School: Roosevelt Community
High School: Palm Beach Lakes
Parcel Number: 74434316100100010
Zoning: SF11(c
Directions: I-95N take FL-704 E/Okeechobee Blvd. Take the exit toward N Australian Ave. Merge onto S Australian Ave. Turn right onto Palm Beach Lakes Blvd. Turn left onto Division Ave. Property is on the left
General Property Information
Number Of Units Total: 5
Living Area Main: 3504
Lot Size Dimensions: 115.0 ft x 115.0 ft
Lot Size Area: 5663
Senior Community YN: No
Stories: 2
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 3708
Building Area Source: Other
Year Built: 1949
Lot Size Acres: 0.13
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2017-09-26T17:56:59Z
Major Change Type: Status Change
Status Change Date: 2017-09-26
Under Contract Date: 2017-08-21
Close Date: 2017-08-30
Close Price: 349000
Association Amenities
None: 1
Electric
Three Phase: 1
Exterior Features
None: 1
Flooring
Ceramic Tile: 1
Laminate: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Special Information
Sold As-Is: 1
Documents Available
Copy Of Lease(s): 1
Deposit Held: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes
Tenant Pays
Cable TV: 1
Electricity: 1
Water: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Sewer Available: 1
Water Available: 1
Heating
Central: 1
Electric: 1
Water Access
None: 1
Construction Materials
CBS: 1
Frame: 1
Stucco: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Composition: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 9900
Gross Income: 42000
Net Operating Income: 32100
Source Of Expenses
Information Limited: 1
Other: 1
Cooling
Central Air: 1
Electric: 1
Showing Requirements
Appointment Only: 1
Listing Agent Must Accompany: 1
Occupied: 1
Text Listing Agent: 1
Restrictions
No Restrictions: 1
Tax Information
No Homestead: 1
Contingencies
Backup Contract/Call LA: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 700
Baths Full: 1
Beds Total: 2
Furnished: Furnished
SqFt: 636
Unit 1 Parking Features
Open Parking: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 700
Baths Full: 1
Beds Total: 2
Furnished: Furnished
SqFt: 636
Unit 2 Parking Features
Open Parking: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Details
Actual Rent: 700
Baths Full: 1
Beds Total: 2
SqFt: 636
Unit 4 Details
Actual Rent: 700
Baths Full: 1
Beds Total: 2
SqFt: 636
Price Calculations
Current Price To SqFt: 99.6
Original List Price To Close Price: 1.07
Acreage Description
Less Than 1/4 Acre Lot: 1
Financial Information
Tax Annual Amount: 4157.44
Tax Year: 2016
Tax Legal Description: WASHINGTON HGTS LT 1 BLK 10
Originating Details
Originating System Key: 20170622234413771481000000
Originating System ID: M00000170
Property Features
Association Amenities: None
Documents Available: Copy Of Lease(s); Deposit Held
Electric: Three Phase
Exterior Features: None
Flooring: Ceramic Tile; Laminate
Property Condition: Resale
Tenant Pays: Cable TV; Electricity; Water
Source Of Expenses: Information Limited; Other
Construction Materials: CBS; Frame; Stucco
Cooling: Central Air
Heating: Central; Electric
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Restrictions: No Restrictions
Roof: Composition
Sewer: Public Sewer
Special Information: Sold As-Is
Tax Information: No Homestead
Utilities: Cable Available; Sewer Available; Water Available
Water Access: None
Water Source: Public
Showing Requirements: Appointment Only; Listing Agent Must Accompany; Occupied; Text Listing Agent
Unit 1 Appliances: Range; Refrigerator
Unit 1 Parking Features: Open Parking
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Range; Refrigerator
Unit 2 Parking Features: Open Parking
Unit 2 Rooms: Kitchen
Contingencies: Backup Contract/Call LA
Acreage Description: Less Than 1/4 Acre Lot
Listing Office: Douglas Elliman
Last Updated: August - 06 - 2026
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