742 53rd Street

    West Palm Beach, FL 33407
    • $205,000
    • STATUS: Active Under Contract
    • ON SITE: 485 days
    • MLS #: RX-10450390
    Under Contract
    UPDATED: 61 min ago
    $205,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,200
      SQFT
    • $171
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Long-term tenants with below market rent. Current monthly gross is $2,000 potential monthly gross is $2,200, annual current gross income is $24,000, potential annual gross income is $26,400. Operating expenses are property taxes : $2,200, property insurance (optional ) $905, general liability (optional) $458, and lawn $600/year total expenses $4,163. Current net annual income is $19,837. potential net annual income is $22,237. Actual cap rate is 9.22%, potential cap rate is 10.34%.

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    © 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 2019-11-22T08:02:39.447.
    www.castellihomes.com/homes/85928249

    742 53rd Street West Palm Beach, FL 33407

    • Price: $205,000
    • Status: Active Under Contract
    • Updated: 61 min ago
    • MLS #: RX-10450390
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1,200
    SQFT
    $171
    $/SQFT
    1954
    Built
    Neighborhood:
    North Palm Bch 4
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    Long-term tenants with below market rent. Current monthly gross is $2,000 potential monthly gross is $2,200, annual current gross income is $24,000, potential annual gross income is $26,400. Operating expenses are property taxes : $2,200, property insurance (optional ) $905, general liability (optional) $458, and lawn $600/year total expenses $4,163. Current net annual income is $19,837. potential net annual income is $22,237. Actual cap rate is 9.22%, potential cap rate is 10.34%.
    Exterior Features

    Carport Spaces 0.00 Construction Cbs Exterior Features None Lot Description < 1/4 Acre Lot Dimensions 76.0 Ft X 0.0 Ft Private Pool YN No Roof Comp Shingle Unit1 Parking None Unit2 Parking None Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Wall-Win A/C Flooring Ceramic Tile Heating Window/Wall Unit1 Desc Kitchen Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 600 Unit2 Desc Kitchen Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 600 Unit3 Sq Ft 0 Unit4 Sq Ft 0

    Property Features

    Annual Net Operating Income 19837.00 Annual Total Expenses 4163.00 Available Info DepositLeases Built Desc Resale Contingent Backup Contingents Inspection Gross Operating Income 24000.00 Hoa Fee Per Month 0.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Duplex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Books Sq Ft Total 1410.00 Subdivision Amenities None Tax Amount 2194.32 Tax Year 2017 Taxes City/County Tenant Pays ElectricWater Terms Considered CashConventional Unit1 Monthly Income 1000.00 Unit2 Monthly Income 1000.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities Public Water Zoning Sf7(Ci

    Listing provided courtesy of Ksr Properties.

    © 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 2019-11-22T08:02:39.447.
     
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