715 7th Street Unit 1 West Palm Beach, FL 33401
SOLD DATE :
Listing Price
1250000
Sold Price
990000

-20.8%

/mo

-1Bed

18Baths

12480SqFt

Key Details

Sold Price: $990,00020.8%

Property Type: Commercial

Sub Type: MultiFamily (5+ Units)

Listing Status: Sold

Square Footage: 12,480 sqft

Price per Sqft: $79

Lot Size: 0.430 Acres

Year Built: 1961

MLS Listing ID: RX-10165560

Sold Date:

Property Description

Sellers plans changing so disposing of these great income properties. Total of 30 rental units. Long term tenants in place so landlord has kept rents at $600 - $700/month for benefit of residents. Rents have been kept lower than potential rent. Current rents can be increased. The 715 7th St. building is 18 units 2br/1ba, and CAP rate of 6%. 9 unit building is 8 units of 2br/1ba and 1 unit 1br/1ba. Duplex is 2br/1ba on each side. Windsor homes are 2 at 3br/1ba and one is 2br/1ba. The package includes RX-10165571 2629 Ave E 9 units $640,000, CAP rate 5%. RX-10167048 3405,3409,3415 Windsor 3 units $260,000, 5%.

Location

Subdivision: Freshwater Add To Wpb

State: FL

County: Palm Beach

Zoning: NWD-R-

Interior

Heating: Central,Electric

Cooling: Central,Wall-Win A/C

Flooring: Carpet,Terrazzo Floor

Fireplaces Type: Smoke Alarm

Exterior

Utilities Available: Cable,Electric,Public Sewer,Public Water,Separate Meter

Waterfront Description: None

Roof Type: Comp Shingle,Tar/Gravel

Building

Story: 100.00

Others

Tax Amount: $15,745

Tax Year: 2014

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Listing provided by Lynne Cara Frame of Deep Horizon Realty Inc

Listing sold by Betty Khan of RE/MAX Prestige Realty/RPB

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Joni & Dennis  Lue Yat RE/MAX Prestige
Joni & Dennis Lue Yat

Agent - Team Leaders SL 3225518

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