Bought with Nest Seekers Florida, LLC
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Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,092 sqft
Price per Sqft $432
Subdivision Lake Worth Beach
MLS Listing ID RX-10695695
Sold Date 04/19/21
Bedrooms 6
Full Baths 5
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 16
Year Built 1925
Annual Tax Amount $27,602
Tax Year 2020
Lot Size 0.465 Acres
Property Description
The Parrot Cove Inn located across from the Intracoastal Waterway and the Bridge to Lake Worth Beach. 10 units on a 20,250 sq. ft. lot with 150 ft. of frontage and 135 ft. deep. The entire property is not historic and can be demolished to build new up to 45 ft. under current codes. The Zoning is Downtown Zoning with no restrictions except the height and density. Currently the Inn is a long term rental property with 10 units, interior parking and a laundry room. There are 2 two bedroom units, 5 one bedroom units, and 3 studios apartments. The current rent roles are between $12K and $14K a month depending on vacancies. Previously and the highest and best use wold be short term Vacation Rentals. Proximity to downtown, the Beach and all of the local restaurants.All new roofs & impact glass.
Location
State FL
County Palm Beach
Community Parrrot Cove Inn
Area 5600
Zoning MF-20(
Interior
Heating Central, Window/Wall
Cooling Central, Wall-Win A/C
Flooring Carpet, Ceramic Tile, Wood Floor
Exterior
Exterior Feature Exterior W/D Hookup, Fence, Open Patio, Shed
Garage Spaces 1.0
Utilities Available Cable, Electric, Gas Natural, Public Sewer, Public Water
Amenities Available Bike - Jog, Boating, Common Laundry, Golf Course, Pool
Waterfront Yes
Waterfront Description Intracoastal
Water Access Desc Ramp
View Golf, Intracoastal
Roof Type Mixed
Parking Type Space Parking
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre
Story 2.0
Foundation CBS, Frame, Mixed
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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