$915,000
West Palm Beach, FL 33413
MLS# A11347603
Status: Closed
3792 sqft
1 / 27
Property Description
Excellent Investment opportunity! This property is currently at a 5.5% CAP RATE with the potential to go above 8% CAP. This amazing fourplex is located in Royal Palm Beach County. Minutes from downtown West Palm Beach - dining, shopping, and entertainment including the world-renowned Kravis theater. Beautiful Florida beaches within a 5-minute driving distance and more! Each unit has 2 parking spaces, 2 bedrooms, 1 bath, and a large backyard. This property is fully rented below market rent; the new owner will have the chance to even increase the rent and receive more than 8% CAP.
Details
Maps
Documents
Contract Information
Comp Sale YN: No
Listing Date: 2023-03-02
Status: Closed
Original List Price: 950000
Sold Price: $915,000
Current Price: $915,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: West Palm Beach
Postal Zip: 33413
Geographic Area: Other
Subdivision Number: 10
Special Assessment YN: No
Flood Zone: AE,X
Country: United States
Street Number: 5655
Street Name: Mango
Street Suffix: Road
State Or Province: FL
Postal Code: 33413
Postal Code +4: 1851
Subdivision Name: ROYAL PALM ESTATES
Area: 5400
Parcel Number: 00424335100110140
Zoning: RM
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 3684
Living Area Main: 3600
Parking Total: 8
Stories Total: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 3792
Year Built: 1981
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2023-05-08T18:57:48Z
Major Change Type: Status Change
Status Change Date: 2023-05-12
Under Contract Date: 2023-04-19
Close Date: 2023-05-08
Close Price: 915000
Flooring
Carpet: 1
Property Condition
Resale: 1
Updated/Remodeled: 1
Documents Available
Deposit - Security: 1
Rent Rolls: 1
Structure Type
Multi Family: 1
Possession
Negotiable: 1
Sewer
Septic Tank: 1
Utilities
Cable Available: 1
Heating
Separate Meters: 1
Other: 1
Construction Materials
Block: 1
Stucco: 1
Listing Terms
Cash: 1
Conventional: 1
Income and Expenses
Gross Income: 6200
Cooling
Central Air: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Tax Information
City/County: 1
Contingencies
Inspection: 1
Buyer Details
Intended Use: Investment
Concessions
Seller Concessions: No
Unit 1 Appliances
Other: 1
Unit 1 Details
Actual Rent: 1550
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Unit 1 Lease Description
Currently Leased YN: Yes
Unit 1 Parking Features
Parking Space: 1
Unit 2 Appliances
Other: 1
Unit 2 Details
Actual Rent: 1550
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Unit 2 Lease Description
Currently Leased YN: Yes
Unit 2 Parking Features
Parking Space: 1
Unit 3 Appliances
Other: 1
Unit 3 Details
Actual Rent: 1550
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Unit 3 Lease Description
Currently Leased YN: Yes
Unit 3 Parking Features
Parking Space: 1
Unit 4 Appliances
Other: 1
Unit 4 Details
Actual Rent: 1550
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Unit 4 Lease Description
Currently Leased YN: Yes
Unit 4 Parking Features
Parking Space: 1
Price Calculations
Current Price To SqFt: 254.17
Section Details
Parcel Number MLX: 0140
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Financial Information
Tax Annual Amount: 10669
Tax Year: 2022
Tax Legal Description: ROYAL PALM ESTATES LT 14 BLK 11
Originating Details
Originating System Key: 379215126
Originating System ID: M00000151
Property Features
Documents Available: Deposit - Security; Rent Rolls
Flooring: Carpet
Property Condition: Resale; Updated/Remodeled
Structure Type: Multi Family
Construction Materials: Block; Stucco
Cooling: Central Air
Heating: Separate Meters; Other
Listing Terms: Cash; Conventional
Possession: Negotiable
Sewer: Septic Tank
Tax Information: City/County
Utilities: Cable Available
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Unit 1 Appliances: Other
Unit 1 Parking Features: Parking Space
Unit 2 Appliances: Other
Unit 2 Parking Features: Parking Space
Unit 3 Appliances: Other
Unit 3 Parking Features: Parking Space
Unit 4 Appliances: Other
Unit 4 Parking Features: Parking Space
Contingencies: Inspection
Acreage Description: 1/4 To Less Than 1/2 Acre Lot
P&L 5655 Mango RD 
Listing Office: Coldwell Banker Realty
Last Updated: August - 11 - 2026
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