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932 W Jasmine Drive

Lake Park, FL 33403
  • $549,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: RX-10750639
UPDATED: 54 min ago
$549,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,128
    SQFT
  • $258
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1966
County:
Area:

Description

Excellent investment opportunity, fully occupied Triplex located in up and coming Lake Park. Short walk to Park Avenue restaurants and shops and only a few minutes to Palm Beach Gardens and North Palm Beach. Triplex includes 2 x 2/1's and 1 x 1/1. Washer and dryer hook-ups for both 2/1's. Ample parking. Updated electric, solid building, roof is in great shape. Tenants pay all of their own utilities on separate meters. Rents will need to be raised to market values, as long term tenants have month to month expired leases. Excellent opportunity to get into this neighborhood on this desirable street location. Do not disturb tenants, contact listing agent for showings which will be scheduled. Sale comps and rental comps available on request. 7.5 cap rate with updated market rents.

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www.doyouneedahome.com/homes/122191251
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932 W Jasmine Drive Lake Park, FL 33403

  • Price: $549,000
  • Status: Active
  • Updated: 54 min ago
  • ID#: RX-10750639
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,128
SQFT
$258
$/SQFT
1966
Built
Neighborhood:
Lake Park
County:
Palm Beach
Area:
Lake Park
Elementary School:
Allamanda Elementary School
Middle School:
Howell L. Watkins Middle School
High School:
Palm Beach Gardens High School
Property Description
Excellent investment opportunity, fully occupied Triplex located in up and coming Lake Park. Short walk to Park Avenue restaurants and shops and only a few minutes to Palm Beach Gardens and North Palm Beach. Triplex includes 2 x 2/1's and 1 x 1/1. Washer and dryer hook-ups for both 2/1's. Ample parking. Updated electric, solid building, roof is in great shape. Tenants pay all of their own utilities on separate meters. Rents will need to be raised to market values, as long term tenants have month to month expired leases. Excellent opportunity to get into this neighborhood on this desirable street location. Do not disturb tenants, contact listing agent for showings which will be scheduled. Sale comps and rental comps available on request. 7.5 cap rate with updated market rents.
Exterior Features

Carport Spaces 0.00 Construction CbsConcrete Exterior Features Covered Patio Lot Description < 1/4 AcreWest Of Us-1 Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking View Other Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanWall-Win A/C Flooring Ceramic TileLaminate Heating Window/Wall Unit1 Bedrooms 2 Unit1 Desc A/C UnitElectric MeterHookupKitchenLaundryPatioRange - ElectricRefrigeratorSplit BedroomsW/D Hookup Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 765 Unit2 Bedrooms 2 Unit2 Desc A/C UnitElectric MeterKitchenLaundryPatioRange - ElectricRefrigeratorSplit BedroomsW/D Hookup Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 765 Unit3 Bedrooms 1 Unit3 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigeratorSplit Bedrooms Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 600 Unit4 Sq Ft 0

Property Features

Annual Net Operating Income 23500.00 Annual Total Expenses 8000.00 Available Info DepositLeases Built Desc Resale Gross Operating Income 31500.00 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 Triplex 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 Owner Special Assessment No Sq Ft Total 2392.00 Subdivision Amenities None Tax Amount 5512.00 Tax Year 2021 Taxes City/County Tenant Pays ElectricWater Terms Considered CashConventional Unit1 Lease Ends 2022-02-28 Unit1 Monthly Income 950.00 Unit2 Monthly Income 875.00 Unit3 Monthly Income 800.00 Unit4 Monthly Income 0.00 Utilities CableElectricPublic SewerPublic Water Zoning C1 - C1

Listing provided courtesy of The Keyes Company (Pbg). Listing information © 2021 BeachesMLS
 
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