Bought with The Keyes Company
$850,000
$850,000
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4234 Melaleuca ST West Palm Beach, FL 33406
8 Beds
4 Baths
3,120 SqFt
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $272
Subdivision Pine Air
MLS Listing ID RX-10939255
Sold Date 12/21/23
Bedrooms 8
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1972
Annual Tax Amount $8,480
Tax Year 2023
Lot Size 0.404 Acres
Property Description
***Amazing Investment Opportunity!*** 2 Separate buildings. 2 units per building. Property is in Excellent condition with Great tenants. Separate water & Electric each unit. Laundry in each unit. All units have been remodeled except 1. Owner only pays landscape, taxes and insurance. Very low overhead. Currently bringing in $7,400 per month but rents could be raised to reach $8,000 monthly. Great 1031 exchange property of for the 1st time investor. Property is turn key ready. New Septic, new drain field, piping and lift station. Newer roof and A/CUnit 1 Lease end 7/2024 - $1,800Unit 2 Lease end 7/2024 - $1,900Unit 3 Lease ends 9/2024 - $1,800UNit 4 Lease end 7/2024 - $1,900All units should rent for $2,000 per area market rents.Photos are current and accurate.
Location
State FL
County Palm Beach
Area 5480
Zoning Mf20
Interior
Heating Central
Cooling Central Building
Flooring Ceramic Tile
Exterior
Exterior Feature None
Utilities Available Septic
Amenities Available Park
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Parking Type Open Parking
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre
Story 1.0
Foundation CBS, Concrete
Construction Status Resale
Others
Senior Community No Hopa
Restrictions Lease OK
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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