$5,100,000
MLS# F1045176
Status: Closed
68912 sqft
Property Description
Property is in perfect condition. All units have new tile thru-out, & about 35% of the bathrooms are completly tiled.Each unit has a screened porch overlooking gardens and pool.Every floor has laundry.The building was built as condo's, but have always bee n rentals,the condo doc's are still in place. Also, extra land included in sale could be used for more units. Morgtgage is assum.,seller will hold and wrap mort. with 10% dn.Make offer!!
Details
Contract Information
Comp Sale YN: No
Listing Date: 2009-12-12
Status: Closed
Original List Price: 5900000
Sold Price: $5,100,000
Current Price: $5,100,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Worth Beach
Municipal Code: 0
Postal Code: 33024
Geographic Area: PB19
Subdivision Number: 23
State Or Province: FL
Postal Code +4: 4832
Zoning: RH
Directions: 95 TO 10 ST. WEST TO FLORIDA MANGO RD NORTH TO PROPERTY.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 71
Price Per Unit: 83000
Occupant Type: Tenant
Lot Size Area: 68912
Stories Total: 4
Property Sub Type: Multi Family
Building Area Main: 68912
Year Built: 1974
Parking Total: 120
Currently Not Used
Ownership Type: Sole Proprietor
Financial Information
Tax Assessed/SOH Value: 4913935
Tax Annual Amount: 95600
Tax Year: 2009
Tax Legal Description: 17-44-43, LAKE CLARKE GARDENS LT 1 (LESS IRREG SHAPED PAR IN
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Assumed
Major Change Timestamp: 2010-11-11T01:11:38Z
Major Change Type: Status Change
Price Change Timestamp: 2010-05-21T00:11:38Z
Status Change Date: 2010-11-10
Under Contract Date: 2010-11-08
Close Date: 2010-11-10
Close Price: 5100000
Electric
110 Volts: 1
220 Volts: 1
Separate Meters: 1
Other: 1
Flooring
Ceramic Tile: 1
Concrete: 1
Tile: 1
Parking Features
Common: 1
Guest: 1
Other: 1
Short Sale Details
Short Sale Addendum: No
Documents Available
Books & Records: 1
Bylaws & Documents: 1
Copy Of Lease(s): 1
Financial Statement: 1
Inventory: 1
Other Available Information: 1
Owner Managed: 1
Rent Rolls: 1
Meter Information
Number Of Meters Total: 75
Location of Property
In Residential Area: 1
Possession
Negotiable: 1
Sewer
Public Sewer: 1
Building and Property Details
# Of Offices: 1
# Of Tenants: 71
# Of Toilets: 91
% Air Conditioned: 100
Building Features
Elevator(s): 1
Laundry Facilities: 1
Separate Office Area: 1
Storage: 1
Common Area Maintenance Includes
Exterior Electric: 1
Inside Insurance: 1
Interior Electric: 1
Telephone: 1
Heating
Central: 1
Electric: 1
Sale Includes
Inventory: 1
Land: 1
Leases: 1
Construction Materials
Block: 1
CBS: 1
Listing Terms
Assumable: 1
Owner Will Carry: 1
Other: 1
Roof
Composition: 1
Tar/Gravel: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 694368
Inc/Exp Statement Period: 2009
Other Income: 14400
Real Estate Taxes: 95600
Service Expense: 7298
Utilities Expense: 69600
Vacancy Allowance Rate: 4
Occupancy Percentage: 96
Gross Scheduled Income: 708300
Insurance Expense: 48743
Maintenance Expense: 21300
Net Operating Income: 419382
Operating Expense: 274986
Other Expense: 305571
Trash Expense: 1860
Source Of Expenses
Owner Provided: 1
Description of Unit Type 1
Unit Type: 1 Bedroom
Units Total: 12
Beds Total: 1
Furnished: No
Annual Rent: 775
Description of Unit Type 2
Unit Type: 2 Bedroom
Units Total: 39
Beds Total: 2
Furnished: No
Annual Rent: 850
Cooling
Central Individual: 1
Description of Unit Type 3
Unit Type: 2 Bedroom
Units Total: 19
Beds Total: 2
Furnished: No
Annual Rent: 950
Description of Unit Type 4
Unit Type: 3 Bedroom
Units Total: 1
Beds Total: 3
Furnished: No
Annual Rent: 1100
Showing Requirements
Appointment Only: 1
Concessions
Seller Concessions: No
Price Calculations
Current Price To SqFt: 74.01
Original List Price To Close Price: 0.86
Section Details
Parcel Number MLX: 0011
Originating Details
Originating System Key: 1613448
Originating System ID: M00000170
Property Features
Building Features: Elevator(s); Laundry Facilities; Separate Office Area; Storage
Common Area Maintenance Includes: Exterior Electric; Inside Insurance; Interior Electric; Telephone
Documents Available: Books & Records; Bylaws & Documents; Copy Of Lease(s); Financial Statement; Inventory; Other Available Information; Owner Managed; Rent Rolls
Electric: 110 Volts; 220 Volts; Separate Meters; Other
Flooring: Ceramic Tile; Concrete; Tile
Heating: Central; Electric
Location of Property: In Residential Area
Parking Features: Common; Guest; Other
Possession: Negotiable
Sale Includes: Inventory; Land; Leases
Source Of Expenses: Owner Provided
Construction Materials: Block; CBS
Cooling: Central Individual
Listing Terms: Assumable; Owner Will Carry; Other
Roof: Composition; Tar/Gravel
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only
Listing Office: Florida Professional R E Inc
Last Updated: November - 13 - 2026
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