Bought with Essential Realty, Inc.
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422 47th ST 420, 420.5, 422 West Palm Beach, FL 33407
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Key Details
Sold Price $245,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,879 sqft
Price per Sqft $130
Subdivision North Palm Bch 1
MLS Listing ID RX-10138816
Sold Date 06/02/16
Bedrooms 4
Full Baths 3
Construction Status Resale
HOA Y/N No
Year Built 1950
Annual Tax Amount $2,935
Tax Year 2014
Lot Size 7,875 Sqft
Property Description
Cap rate of 8.87% for 3 CBS units just down the street from the major Rybovich Marina renovation and in close proximity to North Wood's new downtown area, the palm beach outlet malls, shopping, dining, beaches, and the palm beach international airport. This property contains a 2 bed, 1 bath, single family home currently being rented month to month for $1100.00. A duplex with two 1 bed, 1 bath units currently renting month to month for $700.00 each. This property has been consistently updated since its purchase and contains long term, no hassle tenants. owner currently pays for water however was quoted $1800 to have water meter installed.
Location
State FL
County Palm Beach
Community North Wood Harbor
Area 5420
Zoning SF7-C4
Interior
Heating Electric, Window/Wall
Cooling Ceiling Fan, Electric, Wall-Win A/C
Flooring Linoleum, Tile, Wood Floor
Exterior
Exterior Feature Fence, Open Patio, Shutters
Community Features Sold As-Is
Utilities Available Electric
Amenities Available Sidewalks, Street Lights
Waterfront Description None
View Garden
Roof Type Comp Shingle
Present Use Sold As-Is
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation CBS
Construction Status Resale
Others
HOA Fee Include None
Senior Community No Hopa
Restrictions < 20 lb Pet,21 lb to 30 lb Pet,3+ Pets,31 lb to 40 lb Pet,41 lb to 50 lb Pet,50+ lb Pet,Up to 2 Pets,Up to 3 Pets
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Panagiotis Peter Sarantidis
Licensed Real Estate Sales Professional | License ID: 3332095