$2,479,500
Lantana, FL 33462
MLS# F10337115
Status: Closed
7244 sqft
1 / 40
Property Description
Well maintained 2-story 14-unit garden style 7,244 sq ft apartment building. All units are 1BR/1BA & average 500 square feet. The onsite laundry room has 2 washers & 2 dryers. There is a 2nd floor storage room. Freshly seal coated parking lot! The newest leases are at $1,300-$1,400/month. With its close proximity to areas of interest, turn 1+ units into short term rentals to obtain even higher rental rates/ROI. The courtyard may be altered to add amenities. Under 4 miles away is Palm Beach State College, making student housing another option. With JFK Hospital 3.5 miles away, traveling nurses have rented apartments. This multifamily already has been approved for condo conversion should the new owner decide to move forward with that option. Do not disturb tenants. Shown by appointment only.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2022-06-24
Status: Closed
Original List Price: 2800000
Sold Price: $2,479,500
Current Price: $2,479,500
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lantana
Postal Code: 33462
Geographic Area: PB16
Country: United States
Street Number: 525
Street Direction Prefix: S
Street Name: Broadway
State Or Province: FL
Postal Code +4: 3164
Area: 5640
Parcel Number: 40434503180220010
Zoning: R15
Directions: From I-95 head east on Lantana Road, then turn right on S. Broadway. Drive south 8 blocks and the building will be on your right at the corner of W. Branch Street.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 14
Lot Size Area: 12323
Stories Total: 2
Property Sub Type: Multi Family
Building Area Main: 7244
Year Built: 1969
Parking Total: 15
Lot Size Acres: 0.28
Financial Information
Tax Assessed/SOH Value: 950570
Assessor Market Value: 950570
Tax Annual Amount: 23709
Tax Year: 2021
Tax Legal Description: PINE STREET HOMESITES LTS 1 & 2 BLK 22
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2022-08-30T10:24:37Z
Major Change Type: Status Change
Status Change Date: 2022-09-02
Under Contract Date: 2022-07-30
Close Date: 2022-08-30
Close Price: 2479500
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Parking Features
Assigned: 1
Guest: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Location of Property
In Residential Area: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Common Area Maintenance Includes
Interior Electric: 1
Telephone: 1
Sale Includes
Land: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Landscaped: 1
Road Frontage Type
City Street: 1
Water Source
Public: 1
Description of Unit Type 1
Units Total: 14
Half Baths: 14
Furnished: No
Showing Requirements
Appointment Only: 1
Contingencies
Inspection: 1
Concessions
Seller Concessions: Yes
Seller Concessions Amount: 20500
Price Calculations
Current Price To SqFt: 342.28
Original List Price To Close Price: 0.88
Section Details
Parcel Number MLX: 0010
Originating Details
Originating System Key: 556014885
Originating System ID: M00000170
Property Features
Common Area Maintenance Includes: Interior Electric; Telephone
Flooring: Carpet; Tile; Vinyl
Location of Property: In Residential Area
Parking Features: Assigned; Guest
Possession: Negotiable
Property Condition: Resale
Sale Includes: Land
Listing Terms: Cash; Conventional
Lot Features: Landscaped
Road Frontage Type: City Street
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only
Contingencies: Inspection
Listing Office: United Realty Group Inc
Last Updated: November - 13 - 2026
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