Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1973
Sq.Footage
1,067
Amazing opportunity to own a 37 unit condominium complex with a 7.9% cap rate. This mint condition beautifully landscaped property sits on 3 acres in unincorporated Palm Beach County near Delray Beach area and includes a pool, tranquil pond, 2 gazebos and plenty of parking. The property was built in 1973 and consists of three buildings that include: Thirty two 1200 s/f 2/2's Four 1485 s/f 2/2's One 1963 s/f 3/2 Each unit includes granite counter tops, stainless steel appliances, private washer and dryer, private balconies, tile and laminate flooring. There is only one tenant who has a master lease for the next five years. Gross monthly revenue of $59,328 & has a 0% vacancy rate. Owner responsible to pay taxes, insurance and common area. Tenant responsible for everything inside of u including repairing and replacing any appliances, and yearly increases in taxes and insurance. Please speak with listing agent regarding operating expenses and NOI.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Pool
Yes
-
Pool Features
Association, Private
-
Waterfront YN
YES
-
View
Garden, Other, Pond
Area & Lot
-
Lot Features
Many Trees, Waterfront
-
Property Type
Residential Income
-
Property Sub Type
Triplex
Price
-
Sales Price
$6,499,000
-
Tax Amount
$2,305.75
-
Sq. Footage
1, 067
-
Price/SqFt
$6,090
HOA
-
Association
Yes
-
Association Fee Includes
N/A
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Association Amenities
Pool
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Palm Beach
Elementary School
Middle School
High School
Listing Courtesy of Timothy Childers , Florida Professional R.E.
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
FOUNDER
Hals Blanc
Call Hals today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
