426 50th Street , #1

    West Palm Beach, FL 33407
    • $255,000
    • STATUS: Active Under Contract
    • ON SITE: 245 days
    • ID#: RX-10448180
    Under Contract
    $255,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,656
      SQFT
    • $154
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Ratings & Info

    Description

    Long-term tenants with below market rent on two of the three units. Current monthly gross is $2,400 potential monthly gross is $2,700, annual current gross income is $28,800, potential annual gross income is $32,400. Operating expenses are property taxes : $2,687, property insurance (optional ) $1,277, general liability (optional) $458, utilities $2400/year and lawn $600/year total expenses $7,422.69. Current net annual income is $21,331, potential net annual income is $24,978. Actual cap rate is 7.75%, potential cap rate is 9.0%.

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    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-03-19T00:03:39.75.
    www.myreynoldsteam.com/homes/85668694

    426 50th Street , #1 West Palm Beach, FL 33407

    • Price: $255,000
    • Status: Active Under Contract
    • ID#: RX-10448180
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1,656
    SQFT
    $154
    $/SQFT
    1952
    Built
    Neighborhood:
    North Palm Bch 1
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    Long-term tenants with below market rent on two of the three units. Current monthly gross is $2,400 potential monthly gross is $2,700, annual current gross income is $28,800, potential annual gross income is $32,400. Operating expenses are property taxes : $2,687, property insurance (optional ) $1,277, general liability (optional) $458, utilities $2400/year and lawn $600/year total expenses $7,422.69. Current net annual income is $21,331, potential net annual income is $24,978. Actual cap rate is 7.75%, potential cap rate is 9.0%.
    Exterior Features

    Carport Spaces 0.00 Construction Cbs Exterior Features None Lot Description < 1/4 Acre Lot Dimensions 50.0 Ft X 0.0 Ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Wall-Win A/C Flooring Ceramic Tile Heating Window/Wall Unit1 Desc Kitchen Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 554 Unit2 Desc Kitchen Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 554 Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 554 Unit4 Sq Ft 1656

    Property Features

    Annual Net Operating Income 21331.00 Annual Total Expenses 7422.69 Available Info AccountingLeases Built Desc Resale Contingent Backup Contingents Inspection Gross Operating Income 28800.00 Hoa Fee Per Month 0.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Triplex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Books Sq Ft Total 1701.00 Subdivision Amenities None Tax Amount 2686.69 Tax Year 2017 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 800.00 Unit2 Monthly Income 700.00 Unit3 Monthly Income 900.00 Unit4 Monthly Income 2400.00 Utilities Public Sewer Zoning Sf7(Ci

    Listing provided courtesy of Ksr Realty Llc.

    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-03-19T00:03:39.75.
     
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