$3,450,000
North Palm Beach, FL 33408
MLS# RX-10980489
16 baths | 10304 sqft
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Property Description
DO NOT DISTURB TENANTS.... Fully Remodeled, New Everything, 8 Unit Apartment Building, Each Unit Separate Electric and Water Meters. Each Unit has 3 Bedrooms and 2 Bathrooms with Balconies and/or Fenced in Yards. Income and Expenses on MLS under Documents with Room to Raise Rents. All Tenants On Annual Leases, with Rent Increases Scheduled Annually Per Lease. Each Tenant was screened and Paid $6,300 or More w/ Pet Fee at Move In, 1st Month, Last Month, & 1 Month Deposit. This is a Great Building that will require No Work as over $500,000 was put into the building in the start of 2020, As you see the Photos. Every Unit looks like the photos completely redone & Balconies Look onto the Water, 1st Floor Patios have Fenced yards.
Details
Maps
Documents
Contract Information
Status: Active
Original List Price: 3450000
Auction: No
List Price: $3,450,000
Current Price: $3,450,000
List Price/Bldg SqFt: 334.82
Listing Date: 2024-04-22
Comm/Non-Rep: 0%
Comm/Buyer Agent: 2%
Comm/Trans Brk: 2%
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: 8 Unit Building
Subdivision: NORTH PALM BEACH VILLAGE OF 3
Year Built: 1968
Built Desc: Resale
SqFt - Living: 10304
SqFt Source: Tax Rolls
# of Stories: 2
Total Units: 8
Baths - Total: 16
Acres: 0.35
% Air Conditioned: 100
Waterfront: No
Location, Tax & Legal
Area: 5260
Geo Area: PB29
Country: United States
County: Palm Beach
Parcel ID: 68434216040380160
Street #: 401
Street Name: Southwind
Street Suffix: Drive
State/Province: FL
Zip Code: 33408
Multiple Ofrs Acptd: No
Zoning: R3(cit
Legal Desc: NORTH PALM BEACH VILLAGE OF PL 3 LT 16 BLK 38
Tax Year: 2023
Real Estate Taxes: 20028.6
Geo Lat: 26.809684
Geo Lon: -80.066221
Remarks & Misc
Directions: 95 to East on Northlake to Southwind Drive, Building on Left
Office/Member Info
DXORIGMLNO: RX-10980489
DXORIGMLSID: RML
Monetary Info
Gross Oper Income: 239700
Total Expenses: 30500
Net Oper Income: 209200
Source of Expenses: Owner
Expenses
Total Expenses: 30500
Unit 1
Unit Desc: 3 Bedroom
# of Units: 8
Full Baths: 2
Ann Rent: 2700
Property Features
Use: Income; Other
Type of Building: Free Standing; Resident. Multi-Fam.
Construction: CBS
Sale Includes: Building and Land; Fixtures
Avail Docs: Survey
Avail Info: Deed; Title/ Abstract
Flooring: Ceramic Tile
Cooling: Ceiling Fan; Central
Heating: Central
Fire Protect: Smoke Detector
Tenant Pays: Common Area Maint.; Electric; Water
Utilities: Cable; Electric; Public Sewer
Roof: Tar/Gravel
Terms Considered: Cash; Conventional; Other
Lease: None
Possession: At Closing
Income and Expenses Listing Office: Palm Beachers Realty LLC
Last Updated: April - 22 - 2024
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