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    4762 Orleans Court , C

    West Palm Beach, FL 33415
    • $1,815,000
    • STATUS: Pending
    • ON SITE: 129 days
    • MLS #: RX-10667493
    Pending
    $1,815,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,432
      SQFT
    • $126
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:

    School Ratings & Info

    Description

    11 single Story villas (separate PCNs) in a neighborhood. HOA only $190 per month per unit and includes roof, building insurance, landscaping outside of fenced area, fence. Max 2 cars/unit per HOA, two assigned parking spaces. Guest spots available. Most have all impact or hurricane protection except for back sliding doors. All are currently rented, most on a month to month, 2 on an annual lease. Long term tenants rents have not been increased but can be by new owner. Latest rental prices have been $1,650 - $1,700 per month. Asking price below individual unit market prices as package deal. Low turnover neighborhood, rental history typically between 3-10 years. All 3 bedroom, 2 baths with same floor plan. Potential for higher Gross Rental Income of $224,400!

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    www.ewm.com/homes/111490217
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    4762 Orleans Court , C West Palm Beach, FL 33415

    • Price: $1,815,000
    • Status: Pending
    • MLS #: RX-10667493
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    14,432
    SQFT
    $126
    $/SQFT
    1982
    Built
    Neighborhood:
    Forest Glen
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    11 single Story villas (separate PCNs) in a neighborhood. HOA only $190 per month per unit and includes roof, building insurance, landscaping outside of fenced area, fence. Max 2 cars/unit per HOA, two assigned parking spaces. Guest spots available. Most have all impact or hurricane protection except for back sliding doors. All are currently rented, most on a month to month, 2 on an annual lease. Long term tenants rents have not been increased but can be by new owner. Latest rental prices have been $1,650 - $1,700 per month. Asking price below individual unit market prices as package deal. Low turnover neighborhood, rental history typically between 3-10 years. All 3 bedroom, 2 baths with same floor plan. Potential for higher Gross Rental Income of $224,400!
    Exterior Features

    Carport Spaces 0.00 Construction Fiber Cement SidingFrame Exterior Features Fence Lot Description < 1/4 Acre Private Pool YN No Roof Comp Rolled Unit1 Parking Space Parking Unit2 Parking Space Parking Unit3 Parking Space Parking Unit4 Parking Space Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Central Flooring Tile Heating Central Unit1 Bedrooms 3 Unit1 Desc DishwasherDryerElectric MeterPantryRange - ElectricRefrigeratorWasher Unit1 Full Baths 2 Unit1 Furnished No Unit1 Sq Ft 1392 Unit2 Bedrooms 3 Unit2 Desc DishwasherDryerElectric MeterKitchenRange - ElectricWasher Unit2 Full Baths 2 Unit2 Furnished No Unit2 Sq Ft 1392 Unit3 Bedrooms 3 Unit3 Desc DishwasherElectric MeterKitchenRange - ElectricRefrigerator Unit3 Full Baths 2 Unit3 Furnished No Unit3 Sq Ft 1392 Unit4 Bedrooms 3 Unit4 Desc DishwasherDryerRange - ElectricRefrigeratorWasher Unit4 Full Baths 2 Unit4 Furnished No Unit4 Sq Ft 1392

    Property Features

    Annual Net Operating Income 117000.00 Annual Total Expenses 60000.00 Application Fee 100.00 Available Info Investment Analysis Built Desc Resale Contingent Pending Contingents None Development Name Forest Glen Gross Operating Income 177000.00 Hoa Fee Per Month 2090.00 Homeowners Association Mandatory HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes Insurance-BldgLawn CareOtherRoof Maintenance Multifamily Type Quad Plex Possession At Closing REO No Restrictions Buyer ApprovalMaximum # VehiclesTenant ApprovalUp To 2 Pets Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Sq Ft Total 15312.00 Subdivision Amenities None Tax Amount 20394.00 Tax Year 2020 Taxes City/County Tenant Pays CableElectricWater Terms Considered Cash Unit1 Lease Ends 2021-07-14 Unit1 Monthly Income 1500.00 Unit2 Lease Ends 2021-03-31 Unit2 Monthly Income 1500.00 Unit3 Monthly Income 1500.00 Unit4 Monthly Income 1400.00 Utilities CableElectricPublic SewerPublic Water Zoning Rm

    Listing provided courtesy of Ram Rei Llc. Listing information © 2021 BeachesMLS
     
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