Bought with Engel & Volkers Wellington
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Key Details
Sold Price $640,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,126 sqft
Price per Sqft $155
Subdivision Greenview Shores 2 Of Wellington
MLS Listing ID RX-10573219
Sold Date 12/09/19
Bedrooms 6
Full Baths 8
Half Baths 2
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 24
Year Built 1988
Annual Tax Amount $9,205
Tax Year 2018
Lot Size 0.450 Acres
Property Description
Excellently maintained Quadplex in highly desirable Wellington market. Situated on a .45 Acre, waterfront site, located on a quiet cul-de-sac in a residential neighborhood. This 4,574 sf building is solid, 1988, CBS construction. All units are 2 Bedroom, 2 bathroom with a comfortable and desirable layout plus in-unit washer/dryer. Large parking lot with two spaces per unit. All units are separately metered for water and electric. Plus a house electric panel for the sprinkler pump and security lights.All units currently occupied with long term month-to-month tenants paying WAY BELOW market rents. Lot's of upside by raising the rents.As-Stabilized pro-forma NOI of $47,000; 7.32% Cap Rate. Contact Listing Agent For Financial Analysis.
Location
State FL
County Palm Beach
Area 5520
Zoning WELL_P
Interior
Heating Central
Cooling Central
Flooring Carpet, Ceramic Tile
Exterior
Exterior Feature Auto Sprinkler, Well Sprinkler
Community Features Corporate Owned
Utilities Available Cable, Electric, Public Sewer, Public Water
Amenities Available None
Waterfront Yes
Waterfront Description Interior Canal
View Canal, Garden
Roof Type Comp Shingle
Present Use Corporate Owned
Parking Type Space Parking
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre
Story 1.0
Foundation CBS
Construction Status Resale
Schools
Elementary Schools New Horizons Elementary School
Middle Schools Polo Park Middle School
High Schools Wellington High School
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional, FHA, Other, Owner 2nd
Listing Terms Cash, Conventional, FHA, Other, Owner 2nd
Financing Cash,Conventional,FHA,Other,Owner 2nd
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