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3164 Melaleuca Road

West Palm Beach, FL 33406
  • $1,395,000
  • STATUS: Closed
  • ON SITE: 74 Days
  • ID#: RX-10847197
Sold - 01/31/2023
$1,395,000
SOLD - 01/31/2023
  • 0
    BEDS
  • 0.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,251
    SQFT
  • $328
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1977
County:

School Ratings & Info

Description

Completely renovated in 2021 with no Associations or restrictions at a 6% CAP! All 4 units fully leased to average date of October 2023. The parcel is just under a full acre, consists of a single family pool home (3BD/3BTH) and a triplex (3 2BD/1BTH). All 4 units have new roofs, new impact windows & doors, new AC units, new kitchens & bathrooms, new life proof flooring, new appliances, individual washers & dryers, separate utilities, new pool pump & new sprinkler pump. All units freshly painted, equipped w/ high-end lighting, fans & Moen / Kohler hardware, new fenced-in private backyard. The complex's parking lot was recently redone with new asphalt, striping & car-stops. True turnkey property will not require any major repairs for many years. Do not disturb tenants.

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www.palmbeachcountyluxurylistings.com/homes/134917383
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3164 Melaleuca Road West Palm Beach, FL 33406

  • Price: $1,395,000
  • Status: Closed
  • On Site: 74 Days
  • Updated: 70 min ago
  • ID#: RX-10847197
0
Beds
0
Baths
0
½ Baths
0.86
Acres
4,251
SQFT
$328
$/SQFT
1977
Built
Neighborhood:
Laguna Park 2
County:
Palm Beach
Area:
West Palm Beach
Property Description
Completely renovated in 2021 with no Associations or restrictions at a 6% CAP! All 4 units fully leased to average date of October 2023. The parcel is just under a full acre, consists of a single family pool home (3BD/3BTH) and a triplex (3 2BD/1BTH). All 4 units have new roofs, new impact windows & doors, new AC units, new kitchens & bathrooms, new life proof flooring, new appliances, individual washers & dryers, separate utilities, new pool pump & new sprinkler pump. All units freshly painted, equipped w/ high-end lighting, fans & Moen / Kohler hardware, new fenced-in private backyard. The complex's parking lot was recently redone with new asphalt, striping & car-stops. True turnkey property will not require any major repairs for many years. Do not disturb tenants.
Exterior Features

Carport Spaces 0.00 Construction Cbs Exterior Features Auto SprinklerCustom LightingFenceRoom For PoolScreen PorchScreened BalconyScreened PatioShedZoned Sprinkler Lot Description 1/2 To < 1 AcrePaved RoadPrivate RoadPublic Road Private Pool Description ConcreteEquipment IncludedInground Private Pool YN Yes Roof Comp Shingle Unit1 Parking Space Parking Unit2 Parking Space Parking Unit3 Parking Space Parking Unit4 Parking Garage - AttachedOpen Parking Waterfront Description Lake Waterfront YN Yes

Interior Features

Cooling Ceiling FanCentral Flooring CarpetCeramic TileVinyl FloorWood Floor Heating CentralOther Unit1 Bedrooms 2 Unit1 Desc A/C UnitDishwasherDryerElectric MeterKitchenMicrowaveRange - ElectricRefrigeratorSeparate DiningSplit BedroomsWasher Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 899 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDen/FamilyDishwasherDryerElectric MeterKitchenLaundry TubMicrowaveRange - ElectricRefrigeratorSeparate DiningSplit BedroomsWasher Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 899 Unit3 Bedrooms 2 Unit3 Desc A/C UnitDen/FamilyDishwasherDryerElectric MeterKitchenLaundryLaundry TubMicrowaveRange - ElectricRefrigeratorSeparate DiningSplit BedroomsWasher Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 899 Unit4 Bedrooms 3 Unit4 Desc A/C UnitDen/FamilyDishwasherDisposalDryerElectric MeterKitchenLaundry TubMicrowavePatioRange - ElectricRefrigeratorScreened PorchSeparate DiningSplit BedroomsUtilityWasher Unit4 Full Baths 3 Unit4 Furnished No Unit4 Sq Ft 1554 Window Treatments Hurricane WindowsImpact GlassVerticals

Property Features

Annual Net Operating Income 83104.00 Annual Total Expenses 27896.00 Application Fee 0.00 Auction No Available Info None Built Desc Resale Contingents None Development Name Laguna Park Gated Community No Gross Operating Income 111000.00 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 None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses BooksOtherOwner Special Assessment No Special Info Sold As-Is Sq Ft Total 4371.00 Subdivision Amenities Picnic AreaPlay Area Tax Amount 13596.00 Tax Year 2022 Taxes County OnlyNo Homestead Tenant Pays CableElectricInsuranceRepairsTaxesWater Terms Considered CashConventional Unit1 Lease Ends 2023-08-31 Unit1 Monthly Income 2000.00 Unit2 Lease Ends 2023-09-30 Unit2 Monthly Income 2000.00 Unit3 Lease Ends 2023-09-30 Unit3 Monthly Income 2000.00 Unit4 Lease Ends 2023-10-31 Unit4 Monthly Income 3250.00 Utilities CableElectricPublic WaterSeptic Zoning Rm

Listing provided courtesy of Blue Water Real Estate Group: [IDXCONTACTINFORMATION]. Listing information © 2023 BeachesMLS
 
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Jupiter FL, 33458