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$874,999
1100 Florida AvenueWest Palm Beach, FL 33401
MLS# RX-10490524
Status: Closed
5 baths | 3357 sqft
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Property Description
This 5 unit Income Producing Property is located in the Beautiful Historic Neighborhood of Grandview Heights, only one block south of CityPlace!! Recently renovated. This is downtown living near convention center, shops and restaurant. Perfect for the college student or those who enjoy theater, food, or a vacation rental. This property consists of 2 single family homes and a triplex. The first single family home is a 3 bedroom, 1 bath and is 1111 Square Feet. The other single family home is a 3 bedroom, 1 bath The triplex consists of a 3 bedroom, 1 bath , a 2 bedroom, 1 bath apartment and a 1 bedroom. 7.35 % Cap Rate
Details
Maps
Contract Information
Original List Price: 985000
Auction: No
List Price: $874,999
Current Price: $850,000
List Price/Bldg SqFt: 260.64
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Lease Price SqFt: 219.73
Lease Year: 2018
Property Desc: 5 unit Income
Subdivision: PALM BEACH HEIGHTS
Year Built: 1925
Built Desc: Resale
SqFt - Living: 3357
SqFt Source: Appraisal
# of Stories: 2
Total Units: 5
Baths - Total: 5
Acres: 6511
% Air Conditioned: 100
Waterfront: No
Location, Tax & Legal
Area: 5530
Geo Area: PB24
County: Palm Beach
Parcel ID: 74434328030090040
Street #: 1100
Street Name: Florida
Street Suffix: Avenue
State/Province: FL
Zip Code: 33401
Zoning: SF14(c
Legal Desc: PALM BEACH HEIGHTS ADD LT 4 BLK 9
Tax Year: 2017
Real Estate Taxes: 9281.57
Remarks & Misc
Directions: I 95 exit 70 Okeechobee Blvd towards downtown. take ramp towards downtown Left Fl-704 Okeechobee Blvd. Right on s. Dixie hwy US 1. Right on Palm street and 2nd Right will be Florida Ave
Status Change Info
Status: Closed
Under Contract Date: 2019-01-01
Sold Date: 2019-02-15
Sold Price: 850000
Terms of Sale: Exchange
Sold Price/Bldg SqFt: 253.2
Building Info
# of Offices: 1
# of Tenants: 5
Monetary Info
Gross Sched Income: 89400
Net Oper Income: 64365
Source of Expenses: Owner
Expenses
Insurance: 4900
R.E. Taxes: 9885
Utilities: 9000
Unit 1
Unit Desc: 3 Bedroom
Full Baths: 1
Ann Rent: 22800
Rent Period: Month
Unit 2
Unit Desc: 3 Bedroom
Full Baths: 1
Ann Rent: 21600
Unit 3
Unit Desc: 2 Bedroom
Full Baths: 1
Ann Rent: 13200
Rent Period: Month
Unit 4
Unit Desc: 1 Bedroom
Full Baths: 1
Ann Rent: 10200
Rent Period: Month
Unit 5
Unit Desc: 3 Bedroom
Full Baths: 1
Ann Rent: 21600
Rent Period: Month
Property Features
Use: Income
Type of Building: Resident. Multi-Fam.
Construction: Frame/Stucco
Sale Includes: Building and Land
Avail Docs: Aerial; None
Avail Info: Copies of Lease; Owner managed
Flooring: Ceramic Tile
Cooling: Central
Heating: Central
Fire Protect: Smoke Detector
Special Info: None
Tenant Pays: Cable
Utilities: Public Water
Roof: Comp Shingle
Terms Considered: Cash; Conventional
Lease: Month to Month
Possession: At Closing; Funding
Contingents: None
Listing Office: Keller Williams Preferred Partners
Last Updated: February - 19 - 2019
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Friday 22nd of February 2019 11:29 PM
