Bought with KW Reserve Palm Beach
$380,000
$400,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
1,474 SqFt
SOLD DATE : 03/01/2024
Key Details
Sold Price $380,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,474 sqft
Price per Sqft $257
Subdivision Northwood Add
MLS Listing ID RX-10901536
Sold Date 03/01/24
Bedrooms 5
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1926
Annual Tax Amount $2,942
Tax Year 2022
Lot Size 5,001 Sqft
Property Description
Lucrative investment opportunity, nestled next to the enchanting Northwood Historic district. This remarkable duplex boasts two separate buildings, providing an incredible chance for investors to capitalize on its potential. The first bldg features 3 bedrooms and 1 bathrooms, commanding a monthly rent of $1,700. The second bldg is equipped with 2 bedrooms and 1 bathroom, also leasing at $1,700 per month. Unit 1 is vacant Unit 2 is currently occupied by long-term tenants, offering immediate income with the possibility to raise rents to market value. Bldg 1's true potential shines with a market rent of $2,500, while Bldg 2 can command an impressive $2,000 per month.What makes this opportunity even more enticing is its location within an Opportunity Zone designation
Location
State FL
County Palm Beach
Area 5420
Zoning SF7(ci
Interior
Heating Window/Wall
Cooling Wall-Win A/C
Flooring Ceramic Tile, Wood Floor
Exterior
Exterior Feature Fence, Fruit Tree(s)
Community Features Sold As-Is
Utilities Available Public Sewer, Public Water
Amenities Available None
Waterfront No
Waterfront Description None
View Other
Roof Type Comp Shingle,Tar/Gravel
Present Use Sold As-Is
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Frame, Stucco
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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