Bought with RE/MAX Advisors
$74,450
$83,990
11.4%For more information regarding the value of a property, please contact us for a free consultation.
11842 Cove PL Boca Raton, FL 33431
2 Beds
2 Baths
1,046 SqFt
Key Details
Sold Price $74,450
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,046 sqft
Price per Sqft $71
Subdivision Watergate Mobile Home Estates
MLS Listing ID RX-10307464
Sold Date 03/29/17
Bedrooms 2
Full Baths 2
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 4
Year Built 1980
Annual Tax Amount $856
Tax Year 2016
Lot Size 4,140 Sqft
Property Description
Great income producing opportunity! Two rental units with tenants in place with a monthly cash flow of $1400. Own Land and no HOA or Restrictions!Property Taxes ($822 in 2016-2017), the annual cost of Rental Dwelling insurance policy ($1,353 annually) and Maintenance and Repair Fund ($625 annually optional funding). All expenses total $2,800 per year. Based upon $1,400 rental income, the minimum Return On Investment is 17.5%. Outstanding return. Annual Income of $1,400 per month = $16,800. Annual Expenses = $2,800. Net Annual Income = $14,000. Divide $14,000 by $80,000 purchase price = 17.5% ROI.
Location
State FL
County Palm Beach
Area 4880
Zoning AR
Interior
Heating Central, Other
Cooling Central
Flooring Laminate
Exterior
Exterior Feature None
Utilities Available Electric Service Available, Public Water
Amenities Available None
Waterfront No
Waterfront Description None
View Other
Roof Type Manufactured
Parking Type None
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Manufactured
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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