Bought with Buccaneer Realty Global Inc
$195,000
$210,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
641 & 649 Silver Beach Road Lake Park, FL 33403
4 Beds
2 Baths
840 SqFt
Key Details
Sold Price $195,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 840 sqft
Price per Sqft $232
Subdivision Park Manor Place
MLS Listing ID RX-10428210
Sold Date 05/09/19
Bedrooms 4
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1970
Annual Tax Amount $1,214
Tax Year 2017
Property Description
**Opportunity Zone - Save on Taxes** Amazing opportunity to own 2 units under same roof in the Lake Park area. Own a 2 Bedroom's /1 Bathroom. You have potential to remodel and increase rents units. The east unit (641) has only a remodeled bathroom. The west unit (649) has been tiled in recent years. Separate laundry on site for each of the 641 and 649 unit. Property has a Large backyard with plenty of land to expand or build a shed. Tenants are responsible for electricity, water, sewer.Current cap rate is 8+% Potential to make capital improvements and increase rental rate upside to market.
Location
State FL
County Palm Beach
Area 5270
Zoning RS1
Interior
Heating Central
Cooling Central
Flooring Carpet, Ceramic Tile
Exterior
Exterior Feature Open Porch
Utilities Available Cable, Electric, Gas Natural, Public Sewer
Amenities Available None
Waterfront Description None
View Garden
Roof Type Comp Shingle
Private Pool No
Building
Lot Description Sidewalks
Story 1.0
Foundation CBS
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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