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Key Details
Sold Price $493,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,848 sqft
Price per Sqft $128
Subdivision Riviera Heights
MLS Listing ID A10768602
Sold Date 03/02/20
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1971
Annual Tax Amount $3,839
Tax Year 2019
Property Description
This is an investor's dream. Current Cap Rate is 9% with a Potential Cap Rate of 11%. One story 4 Plex, CBS, Fenced backyard and sides. Each units has 3 Bedrooms and 1 Full Bath. Separate electric and water meters low maintenance. This is a cash cow with potential for more. Section 8 will pay appr. 1,300 for each unit. Easy access to 1-95 from Blue Heron Blvd or 45th Street and close to schools and the Port of Palm Beach. Minutes away from the Beaches. Well cared for 8,793 sq ft. Long Term tenants. Motivated Seller this will not last.
Location
State FL
County Palm Beach County
Community Riviera Heights
Area 5280
Direction GPS
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Other
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Shingle
Total Parking Spaces 8
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 56434232050020230
Acceptable Financing Conventional, Cryptocurrency, FHA, Other
Listing Terms Conventional, Cryptocurrency, FHA, Other
Financing FHA
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Bought with Seawinds Realty
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