536 18th Street

    West Palm Beach, FL 33407
    • $299,000
    • STATUS: Active
    • ON SITE: 117 days
    • MLS #: RX-10549671
    Price Reduced
    UPDATED: 20 min ago
    $299,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,156
      SQFT
    • $139
      $/SQFT
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Great Turn Key Investment Opportunity! 10% cap rate and 100% occupied for over 2 years with good long term tenants. The financial numbers are ACTUAL AND NOT PRO-FORMA. 3 of the 4 units have been fully renovated. One has not been renovated due to long term tenant living there. Once this unit is renovated, the rent potential can increase by $250 a month or more! One of the buildings has split meters for water and electric. The area has been consistently improving with new construction all around... PLEASE DO NOT DISTURB TENANTS.Units will be shown by appointment ONLY AND after a serious offer has been submitted with proof of funds.

    Monthly Payment Calculator


    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX 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. Data last updated 2019-11-21T23:02:56.58.
    www.castellihomes.com/homes/97331046

    536 18th Street West Palm Beach, FL 33407

    • Price: $299,000
    • Status: Active
    • Updated: 20 min ago
    • MLS #: RX-10549671
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,156
    SQFT
    $139
    $/SQFT
    1925
    Built
    Neighborhood:
    Pleasant City Up To Date Add
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    Great Turn Key Investment Opportunity! 10% cap rate and 100% occupied for over 2 years with good long term tenants. The financial numbers are ACTUAL AND NOT PRO-FORMA. 3 of the 4 units have been fully renovated. One has not been renovated due to long term tenant living there. Once this unit is renovated, the rent potential can increase by $250 a month or more! One of the buildings has split meters for water and electric. The area has been consistently improving with new construction all around... PLEASE DO NOT DISTURB TENANTS.Units will be shown by appointment ONLY AND after a serious offer has been submitted with proof of funds.
    Exterior Features

    Carport Spaces 0.00 Construction Frame/Stucco Exterior Features Fence Lot Description < 1/4 Acre Lot Dimensions 40.0 Ft X 0.0 Ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Unit4 Parking Open Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Ceiling FanWall-Win A/C Flooring Ceramic Tile Heating No Heat Unit1 Bedrooms 2 Unit1 Desc A/C UnitKitchenRange - ElectricRefrigeratorSmoke Detector Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 494 Unit2 Bedrooms 1 Unit2 Desc A/C UnitKitchenRange - ElectricRefrigeratorSmoke Detector Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 636 Unit3 Bedrooms 2 Unit3 Desc A/C UnitKitchenRange - ElectricRefrigeratorSmoke Detector Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 525 Unit4 Bedrooms 2 Unit4 Desc A/C UnitKitchenMicrowaveRange - ElectricRefrigeratorSmoke Detector Unit4 Full Baths 1 Unit4 Furnished No Unit4 Sq Ft 515 Window Treatments Blinds

    Property Features

    Annual Net Operating Income 32119.00 Annual Total Expenses 11975.00 Available Info AccountingDeposit Last MonthDeposit SecurityLeases Built Desc Resale Gross Operating Income 44220.00 Hoa Fee Per Month 0.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession At Closing REO No Restrictions Buyer Approval Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses BooksOwner Special Info Sold As-Is Sq Ft Total 2156.00 Subdivision Amenities None Tax Amount 3904.25 Tax Year 2018 Taxes County Only Tenant Pays CableElectricSewerWater Terms Considered CashConventionalFhaVa Unit1 Monthly Income 995.00 Unit2 Monthly Income 975.00 Unit3 Monthly Income 750.00 Unit4 Monthly Income 945.00 Utilities CableElectric Service AvailablePublic SewerPublic Water Zoning Mf14(C

    Listing provided courtesy of West Real Estate Inc..

    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX 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. Data last updated 2019-11-21T23:02:56.58.
     
    Castelli Real Estate Services
    2227 Wilton Drive
    Fort Lauderdale FL, 33305