1025 13th Street, West Palm Beach, FL 33401

$2,900,000
7,346
SqFt
List Price
$2,900,000
Days on Market
14
MLS#
RX-10750569
Status
PENDING
Sq. Ft
7,346
Lot Size
13,371
Subtype
Quad Plex
County
Palm Beach
Community
Freshwater 11th & 12th Ave Add
Subdivision
Freshwater 11th & 12th Ave Add
Year Built
1968

Property Description

This 22 unit portfolio consisting of a 10-plex & two 6-plex's. Fully occupied with good tenants! Phenomenal unit mix consisting of: Two 3/1's, Sixteen 2/1's & Four 1/1's. Value Add Opportunity, rents are below market, portfolio can be brought to a 10% cap rate. All units in both 6-plex's come with stackable washer/dryer combo making them more attractive then neighboring apts. All units have split Water and Electric Meters that tenants pay for. All buildings are solid concrete block. Fast gentrifying area. 1 minute from Northwood & a few from downtown WPB. All 3 buildings in an opportunity zone. The roofs are in excellent condition. Approximately $350,000 was put into all 3 buildings. DO NOT DISTURB TENANTS! Please see link for pictures, financials & Offering Memorandum in ''Broker Remarks

Additional Information

Building No
Yes
Hoa
Yes
Total Unitsin Bldg
22
Construction
CBS, Concrete
Cooling
Wall-Win A/C
Exterior Feature
Covered Balcony
Flooring
Ceramic Tile, Concrete, Linoleum, Terrazzo Floor
Heating
Wall Furnace
Lot Description
1/2 to < 1 Acre, 1/4 to 1/2 Acre
Restrict
None
Roof
Comp Shingle
Taxes
$12,898
View
Other
Amenities
None
Waterfront
None
Total Op Expenses
41662
Total Unitsin Bldg
22
Roofing
Comp Shingle
Utility
Electric, Public Sewer
Acres
0.306955922865
Lot Description
1/2 to < 1 Acre, 1/4 to 1/2 Acre
Price Per Acre
17196181.2
Price Per Sqft
$394

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Allure Real Estate.