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727-731 N 5th Street

Lantana, FL 33462
  • $1,150,000
  • STATUS: Active Under Contract
  • ON SITE: 42 Days
  • ID#: RX-11016163
Under Contract
UPDATED: 212 min ago
$1,150,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,200
    SQFT
  • $359
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Ratings & Info

Description

Amazing Location! Stunning fourplex located in East Lantana. Two separate buildings located on two separate parcels with ample parking spaces. Each building features a 2 bedroom, 1 1/2 bathroom and a 1 Bedroom, 1 Bath unit, tile throughout. One of the units has been fully remodeled and the other 3 are in original condition with long term tenants in place. All units are on month to month leases paying under market rent $1500 per month for 1 Bedrooms and $1650 per mont on the two bedroom units. Seller financing is offered with 35% down, 7% interest rate, interest only payment with a 5 year balloon. Buyer needs to provide personal financial statement.

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www.mrcflorida.com/homes/154262944
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727-731 N 5th Street Lantana, FL 33462

  • Price: $1,150,000
  • Status: Active Under Contract
  • On Site: 42 Days
  • Updated: 212 min ago
  • ID#: RX-11016163
0
Beds
0
Baths
0
½ Baths
0.15
Acres
3,200
SQFT
$359
$/SQFT
1978
Built
Neighborhood:
Mantyharju Lantana
County:
Palm Beach
Area:
Lantana
Property Description
Amazing Location! Stunning fourplex located in East Lantana. Two separate buildings located on two separate parcels with ample parking spaces. Each building features a 2 bedroom, 1 1/2 bathroom and a 1 Bedroom, 1 Bath unit, tile throughout. One of the units has been fully remodeled and the other 3 are in original condition with long term tenants in place. All units are on month to month leases paying under market rent $1500 per month for 1 Bedrooms and $1650 per mont on the two bedroom units. Seller financing is offered with 35% down, 7% interest rate, interest only payment with a 5 year balloon. Buyer needs to provide personal financial statement.
Exterior Features

Carport Spaces 0.00 Construction CBSConcreteStucco Exterior Features Auto SprinklerAwningsFenceRoom for PoolZoned Sprinkler Lot Description < 1/4 Acre1/4 to 1/2 Acre Private Pool YN No Roof Comp Shingle Storm Protection Accordion Shutters Partial Storm Protection Panel Shutters Partial Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Individual Flooring Ceramic Tile Heating CentralElectric Unit1 Bedrooms 1 Unit1 Desc A/C UnitKitchenMicrowaveRange - ElectricRefrigerator Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 700 Unit2 Bedrooms 2 Unit2 Desc A/C UnitKitchenLaundryMicrowaveRange - ElectricRefrigeratorW/D Hookup Unit2 Full Baths 1 Unit2 Furnished No Unit2 Half Baths 1 Unit2 Sq Ft 900 Unit3 Bedrooms 1 Unit3 Desc A/C UnitKitchenMicrowaveRange - ElectricRefrigerator Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 700 Unit4 Bedrooms 2 Unit4 Desc A/C UnitHookupKitchenLaundryMicrowaveRange - ElectricRefrigeratorW/D Hookup Unit4 Full Baths 1 Unit4 Furnished No Unit4 Half Baths 1 Unit4 Sq Ft 900

Property Features

Annual Net Operating Income 60000.00 Annual Total Expenses 18000.00 Auction No Available Info Deposit Built Desc Resale Contingent Active Under Contract Contingents Inspection Gated Community No Gross Operating Income 78000.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) 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 Owner Sq Ft Total 3600.00 Subdivision Amenities None Tax Amount 6008.18 Tax Year 2023 Taxes City/County Tenant Pays CableElectricInsuranceRepairsSewerWater Terms Considered CashConventionalOwner Unit1 Monthly Income 1500.00 Unit2 Monthly Income 1650.00 Unit3 Monthly Income 1500.00 Unit4 Monthly Income 1650.00 Utilities ElectricPublic SewerPublic Water Zoning R15(ci

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11471 W Sample Rd #40
Coral Springs FL, 33065