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    1883 Smith Drive

    North Palm Beach, FL 33408
    • $479,900
    • STATUS: Pending
    • ON SITE: 165 days
    • MLS #: RX-10623118
    Pending
    $479,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,848
      SQFT
    • $260
      $/SQFT
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Great investment with this INSTANT INCOME PRODUCING property! 4 unit multi family consisting of three studio apartments & one 1 bedroom apartment on NORTH PALM BEACH! Prime location, walking dist to Palm Beach State College, shopping, beach & more! CBS construction, well water (no h2o bills!), laundry room, some units recently updated/remodeled, exterior has been recently renovated, showing pride in ownership. Plenty up up-side potential to increase rents, prime location, these units rent quickly! As of 9/1/20 property cash flows $4,100/mo. FHA/VA/CONVENTIONAL financing welcome. Separate FPL meters+large shared laundry room! Perfect opportunity to live in one unit & collect rents from other 3 to pay your mortgage, or simply make this an investment cash flow opportunity!

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    www.ewm.com/homes/105933924
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    1883 Smith Drive North Palm Beach, FL 33408

    • Price: $479,900
    • Status: Pending
    • MLS #: RX-10623118
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,848
    SQFT
    $260
    $/SQFT
    1958
    Built
    Neighborhood:
    Smith Arthur M & Emma D Sub
    County:
    Palm Beach
    Area:
    North Palm Beach
    Property Description
    Great investment with this INSTANT INCOME PRODUCING property! 4 unit multi family consisting of three studio apartments & one 1 bedroom apartment on NORTH PALM BEACH! Prime location, walking dist to Palm Beach State College, shopping, beach & more! CBS construction, well water (no h2o bills!), laundry room, some units recently updated/remodeled, exterior has been recently renovated, showing pride in ownership. Plenty up up-side potential to increase rents, prime location, these units rent quickly! As of 9/1/20 property cash flows $4,100/mo. FHA/VA/CONVENTIONAL financing welcome. Separate FPL meters+large shared laundry room! Perfect opportunity to live in one unit & collect rents from other 3 to pay your mortgage, or simply make this an investment cash flow opportunity!
    Exterior Features

    Carport Spaces 0.00 Construction Cbs Exterior Features Exterior W/D HookupFenceOpen Porch Lot Description East Of Us-1Public Road Private Pool YN No Roof Comp Shingle Unit1 Parking Open ParkingSpace Parking Unit2 Parking Open ParkingSpace Parking Unit3 Parking Open ParkingSpace Parking Unit4 Parking Open ParkingSpace Parking View Garden Waterfront Description None Waterfront YN No

    Interior Features

    Cooling ElectricWall-Win A/C Flooring OtherVinyl Floor Heating Electric Unit1 Bedrooms 1 Unit1 Desc A/C UnitRange - ElectricRefrigerator Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 500 Unit2 Bedrooms 1 Unit2 Desc A/C UnitRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 400 Unit3 Bedrooms 1 Unit3 Desc A/C UnitRange - ElectricRefrigerator Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 400 Unit4 Bedrooms 1 Unit4 Desc A/C UnitRange - ElectricRefrigerator Unit4 Full Baths 1 Unit4 Furnished No Unit4 Sq Ft 400

    Property Features

    Annual Net Operating Income 41600.00 Annual Total Expenses 7600.00 Available Info Other Built Desc Resale Contingents Financing Gross Operating Income 49200.00 Hoa Fee Per Month 0.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession At Closing 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 Special Assessment No Sq Ft Total 1848.00 Subdivision Amenities Common Laundry Tax Amount 5080.00 Tax Year 2019 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventionalFhaVa Unit1 Monthly Income 1100.00 Unit2 Monthly Income 1000.00 Unit3 Monthly Income 1000.00 Unit4 Monthly Income 1000.00 Utilities CableElectricPublic SewerWell Water Zoning Rh-Mulit-Family

    Listing provided courtesy of Florida's Best Realty Services. Listing information © 2020 BeachesMLS
     
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