Basic Information

  • MLS # RX-10448186
  • Type Triplex
  • Status Closed
  • Subdivision/Complex PLEASANT CITY
  • Year Built 1961
  • Total Sqft 2,520
  • Date Listed 07/16/2018
  • Days on Market 555
Description

Long-term tenants with below market rent on two of the three units. Current monthly gross is $3,200 potential monthly gross is $3,550, annual current gross income is $38,400, potential annual gross income is $42,600. Operating expenses are property taxes : $3,442 property insurance (optional ) $1,943, general liability (optional) $458, lawn $900 a year total expenses $6,743.69 Current net annual income is $31,656, potential net annual income is $35,856. Actual cap rate is 8.50%, potential cap rate is 9.56%.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Block
  • Parking Description
  • Exterior Features Fence, Room For Pool
  • Style Triplex

Interior Features

  • Adjusted Sqft 2,520Sq.Ft
  • Cooling Description Ceiling Fans, Wall Window Units
  • Floor Description Ceramic Tile
  • Heating Description None
  • Sqft 2,520 Sq.Ft

Property Features

  • Address 516 20th Street #A
  • Aprox. Lot Size 7,505
  • Association Fee Frequency Monthly
  • Construction Materials Block
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • HOA Fees $0
  • Subdivision Complex PLEASANT CITY
  • Subdivision Info PLEASANT CITY
  • Tax Amount $3,442
  • Tax Legal desc PLEASANT CITY LT 4 BLK 2
  • Tax Year 2017
  • Terms Considered Cash, Conventional
  • Type of Property Triplex

516 20th Street #A

West Palm Beach, FL 33407

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