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    323 Almeria Road

    West Palm Beach, FL 33405
    • $1,790,000
    • STATUS: Pending
    • ON SITE: 3 days
    • MLS #: RX-10694223
    Pending
    UPDATED: 36 min ago
    $1,790,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,710
      SQFT
    • $313
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Great Apartment Building in West Palm Beach, Great Investment, Highly Sought After Area. $140,000 Gross Annual Income - DO NOT DISTURB TENANTS, 10 Unit Apartment Building, Fully Occupied, Just Off Intracoastal. Rent Roll & Income Sheet In Documents on MLS. 6% Cap Rate, Rental Income = $140,000, Expenses = $34,000. Separate Meters, On Site Parking, Central AC For Each Unit & 2 On Site Washer & Dryer Units Bringing in $190 Per Month Additional. Building In Excellent Condition & Always Fully Occupied with Tenant Waiting List. Great Area & Rents Can Be Increased For Higher Income & Cap Rate.

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    www.jackcodengroup.com/homes/114407553
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    323 Almeria Road West Palm Beach, FL 33405

    • Price: $1,790,000
    • Status: Pending
    • Updated: 36 min ago
    • MLS #: RX-10694223
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    5,710
    SQFT
    $313
    $/SQFT
    1928
    Built
    Neighborhood:
    El Cid Park Add
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    Great Apartment Building in West Palm Beach, Great Investment, Highly Sought After Area. $140,000 Gross Annual Income - DO NOT DISTURB TENANTS, 10 Unit Apartment Building, Fully Occupied, Just Off Intracoastal. Rent Roll & Income Sheet In Documents on MLS. 6% Cap Rate, Rental Income = $140,000, Expenses = $34,000. Separate Meters, On Site Parking, Central AC For Each Unit & 2 On Site Washer & Dryer Units Bringing in $190 Per Month Additional. Building In Excellent Condition & Always Fully Occupied with Tenant Waiting List. Great Area & Rents Can Be Increased For Higher Income & Cap Rate.
    Exterior Features

    Bays 0 Construction FrameStucco Loading Docks 0 Miles To Beach 0 Miles To Expressway 0 Roof Comp Shingle Waterfront YN No

    Interior Features

    Bath Toilets 10.00 Ceiling Height 0 Cooling Central Door Height 0 Flooring TileVinyl FloorWood Floor Heating Central Offices 0 Percent Air Conditioned 100.00 Seating Capacity 0 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Unit Desc 2 Bedroom Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Unit Desc 1 Bedroom Unit3 Full Baths 1 Unit3 Half Baths 0 Unit3 Unit Desc Efficiency

    Property Features

    Ann Assoc Condo Dues 0.00 Available Docs NoneSurvey Available Info ContractsCopies Of LeaseDeedDrawingsFull FinancialsOwner Managed Built Desc Resale Contingents Inspection Expenses Accounting And Legal 0.00 Expenses Advertising 0.00 Expenses Common Area Maint 1200.00 Expenses Insurance 6800.00 Expenses Maint And Repair 0.00 Expenses Management 0.00 Expenses Miscellaneous 0.00 Expenses Real Estate Taxes 15276.00 Expenses Service 0.00 Expenses Supplies 0.00 Expenses Total Expenses 34000.00 Expenses Trash 0.00 Expenses Utilities 12000.00 Fire Protection Smoke Detector For Lease No For Sale Yes Lease 1-3 Years11+ YearsLong TermMonth To Month List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location City Meters 11.00 Monetary Info Gross Oper Income 0.00 Monetary Info Gross Sched Income 140000.00 Monetary Info Net Oper Income 110000.00 Monetary Info Other Income 0.00 Monetary Info Source Of Expenses Owner Monetary Info Total Expenses 34000.00 Monetary Info Total Mrtg Balance 0.00 Monetary Info Ttl Assume Loans 0.00 Monetary Info Vacancy Rate 0.00 Possession At Closing Sale Includes Building And LandEquipmentInventoryLicense Special Info None Tax Amount Real Estate Taxes 19899.90 Tax Year 2020 Tenant Pays CableElectric Tenants 10 Terms Considered CashConventional Type Of Building Resident. Multi-Fam. Unit1 Ann Rent 1150.00 Unit1 Off Season Rent 0.00 Unit1 Rent Period Month Unit1 Seasonal Rent 0.00 Unit1 Units 4 Unit2 Ann Rent 1100.00 Unit2 Off Season Rent 0.00 Unit2 Rent Period Month Unit2 Seasonal Rent 0.00 Unit2 Units 3 Unit3 Ann Rent 800.00 Unit3 Off Season Rent 0.00 Unit3 Rent Period Month Unit3 Seasonal Rent 0.00 Unit3 Units 3 Use Income Utilities CableElectricPublic SewerPublic Water

    Listing provided courtesy of Palm Beachers Realty Llc. Listing information © 2021 BeachesMLS
     
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    The Jack Coden Group | Keller Williams Eagle Realty
    700 NE 90th St
    Miami FL, 33138