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    1163 Lake Terry Drive

    West Palm Beach, FL 33411
    • $599,000
    • STATUS: Active
    • ON SITE: 141 days
    • MLS #: RX-10637492
    UPDATED: 17 min ago
    $599,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,240
      SQFT
    • $185
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    4 Condo High Return units for sale in the same complex. There are 3- 3beds 2bath & 1- 2Beds 1Bath. Fully occupied. Currently yielding 8.3% NET!Numbers are always a priority, but the longevity of how those numbers will maintain itself are just as important. That's why the owner has spend time and resources on renovating every single unit. All carpets and original set up have been removed. Every unit has been replaced with either grade A impermeable vinyl wood flooring or tile. All kitchens have been redone to fit the best structure and return for each apartment, most A/C units are newer than 4 years old (there are no originals). This is part of 27 units portfolio that can also be purchased. All numbers are ACTUAL.

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    www.ewm.com/homes/107690258
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    1163 Lake Terry Drive West Palm Beach, FL 33411

    • Price: $599,000
    • Status: Active
    • Updated: 17 min ago
    • MLS #: RX-10637492
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,240
    SQFT
    $185
    $/SQFT
    1991
    Built
    Neighborhood:
    St Andrews Palm Beach
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    4 Condo High Return units for sale in the same complex. There are 3- 3beds 2bath & 1- 2Beds 1Bath. Fully occupied. Currently yielding 8.3% NET!Numbers are always a priority, but the longevity of how those numbers will maintain itself are just as important. That's why the owner has spend time and resources on renovating every single unit. All carpets and original set up have been removed. Every unit has been replaced with either grade A impermeable vinyl wood flooring or tile. All kitchens have been redone to fit the best structure and return for each apartment, most A/C units are newer than 4 years old (there are no originals). This is part of 27 units portfolio that can also be purchased. All numbers are ACTUAL.
    Exterior Features

    Carport Spaces 0.00 Construction CbsConcrete Exterior Features None Lot Description 10 To <25 Acres Private Pool YN No Roof Concrete Tile Unit1 Parking Space Parking Unit2 Parking Space Parking Waterfront Description Lake Waterfront YN Yes

    Interior Features

    Cooling Central Flooring Vinyl FloorTile Heating Central Unit1 Bedrooms 3 Unit1 Desc Range - ElectricSplit BedroomsA/C UnitMicrowaveRefrigerator Unit1 Full Baths 2 Unit1 Furnished No Unit1 Sq Ft 900 Unit2 Bedrooms 3 Unit2 Desc Range - ElectricSplit BedroomsA/C UnitMicrowaveRefrigerator Unit2 Full Baths 2 Unit2 Furnished No Unit2 Sq Ft 900 Unit3 Bedrooms 3 Unit3 Full Baths 2 Unit3 Furnished No Unit3 Sq Ft 900 Unit4 Bedrooms 2 Unit4 Full Baths 1 Unit4 Furnished No Unit4 Sq Ft 600

    Property Features

    Annual Net Operating Income 49626.80 Annual Total Expenses 22000.00 Application Fee 100.00 Available Info LeasesAccountingDeposit Security Built Desc Resale Gross Operating Income 72000.00 Hoa Fee Per Month 301.97 Homeowners Association Mandatory List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes Common AreasWaterTrash RemovalSewerSecurityRoof MaintenancePool ServicePest ControlManagement FeesMaintenance-ExteiorLawn CareInsurance-InteriorInsurance-Bldg Multifamily Type Quad Plex Possession At Closing REO No Restrictions Buyer Approval Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses BooksTax ReturnOwner Special Assessment No Sq Ft Total 3600.00 Subdivision Amenities BasketballPlay AreaPoolClubhouse Tax Amount 1549.20 Tax Year 2020 Taxes City/County Tenant Pays Electric Terms Considered Cash Unit1 Monthly Income 1600.00 Unit2 Monthly Income 1600.00 Unit3 Monthly Income 1600.00 Unit4 Monthly Income 1200.00 Utilities None Zoning Condo

    Listing provided courtesy of Sterling Real Estate Group Llc. Listing information © 2020 BeachesMLS
     
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