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1577 Hawthorne Place , A

Wellington, FL 33414
  • $1,875,000
  • STATUS: Active
  • ON SITE: 132 Days
  • MLS #: RX-10926835
UPDATED: 19 min ago
$1,875,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,628
    SQFT
  • $333
    $/SQFT
Type:
Multi-Family
Built:
1999
County:
Area:

School Ratings & Info

Description

Do not visit property alone do not speak with tenants. Outstanding opportunity to purchase a 4-unit apartment building in Wellington, 4 units feature 4-bedroom 2 bath with fenced in patio areas for each unit. Seller is also selling the 4plex on the next parcel located at 1567 Hawthorne. Seller will only sell all 8 units together for the asking price of 3.75 million. All 8 units have access to a private gated pool. Roof is 2023/all AC's have been done between 1-4 years old. Property is right across the street from the new park, walking distance to shopping, restaurants etc. A+ schools make this property more desirable for renters! Great return on your investment! Rents are below market value! come in and raise the rents as needed! A must see!

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www.ewm.com/homes/144289653
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1577 Hawthorne Place , A Wellington, FL 33414

  • Price: $1,875,000
  • Status: Active
  • On Site: 132 Days
  • Updated: 19 min ago
  • MLS #: RX-10926835
0
Beds
0
Baths
0
½ Baths
0.34
Acres
5,628
SQFT
$333
$/SQFT
1999
Built
Neighborhood:
Sugar Pond Manor Of Wellington
County:
Palm Beach
Area:
Wellington
Property Description
Do not visit property alone do not speak with tenants. Outstanding opportunity to purchase a 4-unit apartment building in Wellington, 4 units feature 4-bedroom 2 bath with fenced in patio areas for each unit. Seller is also selling the 4plex on the next parcel located at 1567 Hawthorne. Seller will only sell all 8 units together for the asking price of 3.75 million. All 8 units have access to a private gated pool. Roof is 2023/all AC's have been done between 1-4 years old. Property is right across the street from the new park, walking distance to shopping, restaurants etc. A+ schools make this property more desirable for renters! Great return on your investment! Rents are below market value! come in and raise the rents as needed! A must see!
Exterior Features

Carport Spaces 0.00 Construction BlockCbsConcrete Exterior Features Auto SprinklerFenceOpen PatioShutters Lot Description 1/4 To 1/2 AcrePaved Road Lot Dimensions 100.0 Ft X 0.0 Ft Private Pool Description ConcreteIngroundSalt Chlorination Private Pool YN Yes Roof Comp Shingle Storm Protection Panel Shutters Complete Unit1 Parking Open ParkingSpace Parking Unit2 Parking Open ParkingSpace Parking Unit3 Parking Open ParkingSpace Parking Unit4 Parking Open ParkingSpace Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Individual Flooring Ceramic Tile Heating Central Individual Unit1 Bedrooms 4 Unit1 Desc A/C UnitCathed/Vault CeilingDishwasherDisposalElectric MeterKitchenPantryPatioRange - ElectricRefrigeratorSmoke DetectorSplit BedroomsW/D Hookup Unit1 Full Baths 2 Unit1 Furnished No Unit1 Sq Ft 1397 Unit2 Bedrooms 4 Unit2 Desc A/C UnitCathed/Vault CeilingDishwasherDisposalElectric MeterKitchenPantryPatioRefrigeratorSmoke DetectorSplit BedroomsW/D Hookup Unit2 Full Baths 2 Unit2 Furnished No Unit2 Sq Ft 1397 Unit3 Bedrooms 4 Unit3 Desc A/C UnitCathed/Vault CeilingDisposalElectric MeterKitchenPantryPatioRange - ElectricRefrigeratorSmoke DetectorSplit BedroomsW/D Hookup Unit3 Sq Ft 1397 Unit4 Bedrooms 4 Unit4 Desc A/C UnitCathed/Vault CeilingDishwasherDisposalElectric MeterKitchenPantryPatioRange - ElectricSmoke DetectorW/D Hookup Unit4 Full Baths 2 Unit4 Sq Ft 1397

Property Features

Annual Net Operating Income 111342.00 Annual Total Expenses 69658.00 Application Fee 0.00 Auction No Available Info DepositLeases Built Desc Resale Gated Community No Gross Operating Income 170000.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None Multifamily Type Quad Plex Possession At ClosingFunding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses OwnerProforma Sq Ft Total 5628.00 Subdivision Amenities BasketballBike - JogParkPlayground Tax Amount 17234.10 Tax Year 2022 Taxes City/County Tenant Pays CableElectricSewerSewerWater Terms Considered CashConventional Unit1 Lease Ends 2024-11-01 Unit1 Monthly Income 1925.00 Unit2 Lease Ends 2024-06-01 Unit2 Monthly Income 1800.00 Unit3 Lease Ends 2024-06-01 Unit3 Monthly Income 1950.00 Unit4 Lease Ends 2024-07-10 Unit4 Monthly Income 1850.00 Utilities CableElectricPublic SewerPublic Water Zoning Well_P

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