Bought with Keller Williams Preferred Partners
$500,000
$525,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
720 S Broadway Lantana, FL 33462
4 Beds
4 Baths
2,988 SqFt
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,988 sqft
Price per Sqft $167
Subdivision Greynolds Highlands
MLS Listing ID RX-10493314
Sold Date 04/05/19
Bedrooms 4
Full Baths 4
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 16
Year Built 1965
Annual Tax Amount $5,862
Tax Year 2018
Property Description
This is a multifamily 5 unit building. A mix of 5 units total. 4/ 1/1's units and 1/ 2/1 unit. Onsite coin laundry. Current cap rate 8%. Potential to make capital improvements on the non renovated units and increase rental rate upside to market rent of $1050+for 1/1's and $1300 + 2/1.
Location
State FL
County Palm Beach
Community Broadway Common
Area 5640
Zoning R15
Interior
Heating No Heat
Cooling Wall-Win A/C
Flooring Ceramic Tile, Linoleum
Exterior
Exterior Feature Fence
Community Features Sold As-Is
Utilities Available Cable, Electric, Public Sewer, Public Water
Amenities Available Common Laundry
Waterfront No
Waterfront Description None
View Other
Roof Type Comp Shingle
Present Use Sold As-Is
Parking Type Open Parking, Space Parking
Private Pool No
Building
Lot Description 1 to < 2 Acres
Story 1.0
Foundation Frame/Stucco
Construction Status Resale
Schools
Elementary Schools Lantana Elementary School
Middle Schools Lantana Middle School
High Schools Lake Worth High School
Others
Senior Community No Hopa
Restrictions Lease OK
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
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