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    722 Hansen Street

    West Palm Beach, FL 33405
    • $499,000
    • STATUS: Active
    • ON SITE: 125 days
    • MLS #: RX-10634231
    UPDATED: 215 min ago
    $499,000
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,498
      SQFT
    • $200
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    CASH COW!!! Turn-key 5 unit income property, fully occupied, in desirable South of Southern neighborhood. Charming 2 story Mediterranean Revival house with two 3 bedroom 1 bath units and two detached 1 bed 1 bath guest houses along with a vintage 1 bed 1 bath trailer. Currently generating $66,480 gross operating income on annual leases (2 of the leases are 2 year terms) $42,810 after expenses - 8.58% cap rate. Recently renovated, long term tenants, must see.

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    www.ewm.com/homes/107302998
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    722 Hansen Street West Palm Beach, FL 33405

    • Price: $499,000
    • Status: Active
    • Updated: 215 min ago
    • MLS #: RX-10634231
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    2,498
    SQFT
    $200
    $/SQFT
    1927
    Built
    Neighborhood:
    Southerly Hill
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    CASH COW!!! Turn-key 5 unit income property, fully occupied, in desirable South of Southern neighborhood. Charming 2 story Mediterranean Revival house with two 3 bedroom 1 bath units and two detached 1 bed 1 bath guest houses along with a vintage 1 bed 1 bath trailer. Currently generating $66,480 gross operating income on annual leases (2 of the leases are 2 year terms) $42,810 after expenses - 8.58% cap rate. Recently renovated, long term tenants, must see.
    Exterior Features

    Carport Spaces 0.00 Construction FrameStucco Exterior Features Exterior W/D HookupExtra BuildingFenceOpen PatioRoom For PoolShutters Lot Description 1/4 To 1/2 Acre Lot Dimensions 100.0 Ft X 130.0 Ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open ParkingSpace Parking Unit2 Parking Open ParkingSpace Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling CentralWall-Win A/C Flooring Ceramic TileLaminateTile Heating Central Unit1 Desc A/C UnitDen/FamilyDishwasherDisposalElectric MeterKitchenMicrowavePantryRange - ElectricRefrigeratorRoman TubSmoke DetectorStack Bedrooms Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 1018 Unit2 Desc A/C UnitDishwasherDisposalElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorStack Bedrooms Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 1018 Unit3 Sq Ft 1 Unit4 Sq Ft 1

    Property Features

    Annual Net Operating Income 42810.00 Annual Total Expenses 24030.00 Available Info DepositDeposit Last MonthDeposit SecurityLeases Built Desc Resale Development Name None Gross Operating Income 66840.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession Funding REO No Restrictions None Separate Electric Meters No Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Sq Ft Total 2918.00 Subdivision Amenities None Tax Amount 6657.64 Tax Year 2019 Taxes City/County Tenant Pays Cable Terms Considered CashConventional Unit1 Monthly Income 1570.00 Unit2 Monthly Income 1600.00 Unit3 Monthly Income 950.00 Unit4 Monthly Income 750.00 Utilities CableElectricPublic SewerPublic Water Zoning Sf7

    Listing provided courtesy of Lang Realty, Inc. Listing information © 2020 BeachesMLS
     
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