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4211 Parker Avenue

West Palm Beach, FL 33405
  • $1,880,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: RX-10833238
UPDATED: 67 min ago
$1,880,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,668
    SQFT
  • $332
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

Multiple Capital Improvements Made to This Property, CBS - Multi-Family Property 2 Parcels Side by Side, 4211 Parker Ave (8 Units) & 908 Alamanda Road (2 Units), 10 Units Total. Property has 8 - 1 Bed / 1 Bath Units & 2 - 2 Bed / 1 Bath Units, Rents can be raised average Rent is $1,500, This is a Value Add Property in a Great Area. All Tenants Pay Electric, Separate Meters, 1 House Meter, 1 Water Meter Per Building, Coin Opp Laundry in Place too. Bring Offers This Property Wont Last Long, True 7% Cap Rate, You Can Turn Into a 8% Cap Rate just by raising 3 Units Rents to Current Market Value. Gross Income = $177,000

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www.thepaizgroup.com/homes/133241350
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4211 Parker Avenue West Palm Beach, FL 33405

  • Price: $1,880,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 67 min ago
  • MLS #: RX-10833238
0
Beds
0
Baths
0
½ Baths
0.25
Acres
5,668
SQFT
$332
$/SQFT
1925
Built
Neighborhood:
Ridgeland Park
County:
Palm Beach
Area:
West Palm Beach
Property Description
Multiple Capital Improvements Made to This Property, CBS - Multi-Family Property 2 Parcels Side by Side, 4211 Parker Ave (8 Units) & 908 Alamanda Road (2 Units), 10 Units Total. Property has 8 - 1 Bed / 1 Bath Units & 2 - 2 Bed / 1 Bath Units, Rents can be raised average Rent is $1,500, This is a Value Add Property in a Great Area. All Tenants Pay Electric, Separate Meters, 1 House Meter, 1 Water Meter Per Building, Coin Opp Laundry in Place too. Bring Offers This Property Wont Last Long, True 7% Cap Rate, You Can Turn Into a 8% Cap Rate just by raising 3 Units Rents to Current Market Value. Gross Income = $177,000
Exterior Features

Construction CbsStucco Roof BarrelMetalTar/Gravel Waterfront Description None Waterfront YN No

Interior Features

Bath Toilets 10.00 Ceiling Plaster Cooling Central Flooring Ceramic TileLinoleumSlateWood Floor Heating Central Miscellaneous1 FencedInterior CorridorsLandscapedLaundry Percent Air Conditioned 100.00 Unit1 Full Baths 1 Unit1 Unit Desc Efficiency Unit2 Full Baths 1 Unit2 Unit Desc 1 Bedroom Unit3 Full Baths 1 Unit3 Unit Desc 2 Bedroom

Property Features

Ann Assoc Condo Dues 0.00 Auction No Available Docs Occupational LicenseSurvey Available Info Copies Of LeaseExisting SurveyFull FinancialsPhotos Built Desc Resale Expenses Common Area Maint 2500.00 Expenses Real Estate Taxes 20000.00 Expenses Total Expenses 45000.00 Expenses Utilities 13500.00 Fire Protection Smoke AlarmSprinkler For Lease No For Sale Yes Lease Annual List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Central Business DstCity Maintenance Fee Includes Grounds/ PlantsJanitorLawn CareMaintenance-ExteriorTrash Removal Meters 11.00 Monetary Info Gross Sched Income 177600.00 Monetary Info Net Oper Income 132500.00 Monetary Info Source Of Expenses Owner Monetary Info Total Expenses 45100.00 Possession At Closing Sale Includes Building And LandFixtures Security None Tax Amount Real Estate Taxes 15266.10 Tax Year 2021 Tenant Pays ElectricGasSewerWater Tenants 10 Terms Considered CashConventional Type Of Building Free StandingIncomeResident. Multi-Fam. Unit1 Ann Rent 1500.00 Unit1 Rent Period Month Unit1 Units 1 Unit2 Ann Rent 1600.00 Unit2 Rent Period Month Unit2 Units 7 Unit3 Ann Rent 1700.00 Unit3 Rent Period Month Unit3 Units 2 Use IncomeOther Utilities CableElectricGas NaturalPublic SewerPublic Water Zoning Nc(Cit

Listing provided courtesy of Palm Beachers Realty Llc: (561) 522-5938. Listing information © 2022 BeachesMLS
 
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The Paiz Group | EWM Realty International
1700 East Las Olas Boulevard Suite 103
Fort Lauderdale FL, 33301