$360,000
Lake Park, FL 33403
MLS# A10737705
Status: Closed
3076 sqft
1 / 9
Property Description
The Bayberry Corner Apartments presents a unique investment opportunity to acquire a very wellmaintained Quadplex in the charming town of Lake Park. This is a fantastic low maintenance investment opportunity, current ownership very recently replaced the roof and the tenants are responsible for all utilities which keeps operating costs down to a minimum. Current Rents have been kept strategically under market for occupancy, but strong rental appreciation growth dictates that this property has at least a 45 percent rental upside.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2019-07-23
Status: Closed
Original List Price: 390000
Sold Price: $360,000
Current Price: $360,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Park
Postal Zip: 33403
Geographic Area: PB26
Country: United States
Street Number: 606
Street Name: Bayberry
Street Suffix: Drive
State Or Province: FL
Postal Code: 33403
Subdivision Name: Kelsey City
Area: 5270
Parcel Number: 36434220010560010
Zoning: R2 - Multiple Family
General Property Information
Number Of Units Total: 4
Adjusted Area Main: 2962
Living Area Main: 2916
Parking Total: 12
Stories Total: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 3076
Year Built: 1958
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2019-10-17T12:59:30Z
Major Change Type: Status Change
Status Change Date: 2019-10-21
Under Contract Date: 2019-09-20
Close Date: 2019-10-17
Close Price: 360000
Flooring
Carpet: 1
Tile: 1
Documents Available
Investment Analysis: 1
Structure Type
Multi Family: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Separate Meters: 1
Window/Wall: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Shingle: 1
Income and Expenses
Gross Income: 2825
Cooling
Wall/Window Unit(s): 1
Tax Information
Tax Reflects No Exemptions: 1
Contingencies
None: 1
Buyer Details
Intended Use: Investment
Concessions
Seller Concessions: No
Unit 1 Details
Actual Rent: 775
Baths Full: 2
Beds Total: 2
Efficiency YN: No
Unit 1 Lease Description
Lease Term: Month To Month
Unit 1 Parking Features
Parking Space: 1
Unit 2 Details
Actual Rent: 750
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Unit 2 Lease Description
Lease Term: Month To Month
Unit 2 Parking Features
Parking Space: 1
Unit 3 Details
Actual Rent: 650
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Unit 3 Lease Description
Lease Term: Month To Month
Unit 3 Parking Features
Parking Space: 1
Unit 4 Details
Actual Rent: 650
Baths Full: 1
Beds Total: 1
Efficiency YN: No
Unit 4 Lease Description
Lease Term: Month To Month
Unit 4 Parking Features
Parking Space: 1
Price Calculations
Current Price To SqFt: 123.46
Section Details
Parcel Number MLX: 0010
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Financial Information
Tax Annual Amount: 5802
Tax Year: 2018
Tax Legal Description: KELSEY CITY LTS 1 TO 4 INC BLK 56
Originating Details
Originating System Key: 328370610
Originating System ID: M00000151
Property Features
Documents Available: Investment Analysis
Flooring: Carpet; Tile
Structure Type: Multi Family
Construction Materials: CBS
Cooling: Wall/Window Unit(s)
Heating: Separate Meters; Window/Wall
Listing Terms: Cash; Conventional
Possession: Negotiable
Roof: Shingle
Sewer: Public Sewer
Tax Information: Tax Reflects No Exemptions
Utilities: Cable Available
Unit 1 Parking Features: Parking Space
Unit 2 Parking Features: Parking Space
Unit 3 Parking Features: Parking Space
Unit 4 Parking Features: Parking Space
Contingencies: None
Acreage Description: 1/4 To Less Than 1/2 Acre Lot
Listing Office: BAWONS Properties, Inc
Last Updated: November - 15 - 2026
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