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518 N 7th St Lantana, FL 33462
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Key Details
Sold Price $469,999
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,893 sqft
Price per Sqft $162
Subdivision Mantyharju Lantana
MLS Listing ID F10339886
Sold Date 09/30/22
Style Triplex
Construction Status Resale
HOA Y/N No
Year Built 1955
Annual Tax Amount $6,118
Tax Year 2021
Property Description
CASH ONLY 10% R.O.I!!! $5000++ MONTHLY INCOME FROM CURRENT MARKET VALUE RENTS!!!! ALL TENANTS ARE PAYING UNDER MARKET RENTS!Fantastic Triplex and separate Garage & Apt. Opportunity located near major highways, businesses, and minutes to the ocean, this triplex offers a steady stream of rental income in a location that is seeing major ongoing growth and appreciation. All 3 apartments are currently rented as well as the garage. Each apartment is on its own electric meter; there is a single water meter for the property. Market rents for the building are $5,000+ per month. double insulation and copper pipes installed between 2019 and 2021, and a paver patio in the backyard. Current tenants have been onsite forever and current rents are way below market
Location
State FL
County Palm Beach County
Area Palm Beach 5600; 5610; 5620; 5630; 5640
Zoning R15
Interior
Heating Central Heat, Electric Heat
Cooling Ceiling Fans
Flooring Ceramic Floor
Exterior
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 2.0000
Foundation Concrete Block Construction, Frame With Stucco
Sewer Municipal Sewer
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash Only
Listing Terms Cash Only
Special Listing Condition As Is
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Bought with Redfin Corporation