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    1106 18th Street

    West Palm Beach, FL 33407
    • $240,000
    • STATUS: Active Under Contract
    • ON SITE: 198 days
    • MLS #: RX-10621423
    Under Contract
    UPDATED: 24 min ago
    $240,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,562
      SQFT
    • $154
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Cash Flow duplex. Two separate structures on same lot, all legal and conforming. Front house is a 3 bedroom, 1 bathroom which is newly renovated. Brand new central AC, Electrical Panel, Flooring and Kitchen. Back unit is a 2 bedroom, 1 bathroom with laminate floors, upgraded kitchen and bathroom and central AC. Both units have washer/dryer hook-up and are separately metered for water and electric. Rear unit tenant occupied, front unit vacant but may be delivered with tenant. Projected NOI of $18,000+ (including re-assessed taxes based on purchase) yields 7.65% Cap Rate. Contact agent for pro forma and additional details. Ask about turn-key management solutions and 1-year rent collection guarantee.

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    www.bettersouthfloridahomes.com/homes/105709588
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    1106 18th Street West Palm Beach, FL 33407

    • Price: $240,000
    • Status: Active Under Contract
    • Updated: 24 min ago
    • MLS #: RX-10621423
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1,562
    SQFT
    $154
    $/SQFT
    1928
    Built
    Neighborhood:
    Tamarind Park
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    Cash Flow duplex. Two separate structures on same lot, all legal and conforming. Front house is a 3 bedroom, 1 bathroom which is newly renovated. Brand new central AC, Electrical Panel, Flooring and Kitchen. Back unit is a 2 bedroom, 1 bathroom with laminate floors, upgraded kitchen and bathroom and central AC. Both units have washer/dryer hook-up and are separately metered for water and electric. Rear unit tenant occupied, front unit vacant but may be delivered with tenant. Projected NOI of $18,000+ (including re-assessed taxes based on purchase) yields 7.65% Cap Rate. Contact agent for pro forma and additional details. Ask about turn-key management solutions and 1-year rent collection guarantee.
    Exterior Features

    Carport Spaces 0.00 Construction CbsFrameStucco Exterior Features FenceNone Lot Description < 1/4 Acre Private Pool YN No Roof Comp RolledComp Shingle Unit1 Parking None Unit2 Parking None Waterfront Description None Waterfront YN No

    Interior Features

    Cooling CentralElectric Flooring Ceramic TileLaminate Heating CentralElectric Unit1 Bedrooms 3 Unit1 Desc A/C UnitKitchenRange - ElectricRefrigeratorW/D Hookup Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 990 Unit2 Bedrooms 2 Unit2 Desc A/C UnitKitchenRange - ElectricRefrigeratorW/D Hookup Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 572 Unit3 Sq Ft 0 Unit4 Sq Ft 0 Window Treatments Blinds

    Property Features

    Annual Net Operating Income 18372.00 Annual Total Expenses 11580.00 Available Info Deposit SecurityInvestment AnalysisLeases Built Desc Resale Contingent Contingent Contingents None Gross Operating Income 31200.00 Hoa Fee Per Month 0.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None Multifamily Type Duplex Possession At ClosingFunding 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 Proforma Special Info Corporate OwnedSold As-Is Sq Ft Total 1562.00 Subdivision Amenities None Tax Amount 2823.14 Tax Year 2019 Taxes City/County Tenant Pays CableElectricSewerWater Terms Considered CashConventionalFhaVa Unit1 Monthly Income 1400.00 Unit2 Monthly Income 1200.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities CableElectricPublic Water Zoning Sf11(C

    Listing provided courtesy of Kw Innovations. Listing information © 2020 BeachesMLS
     
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    Sunrise FL, 33323