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2624 SW Conch Cove Lane

Palm City, FL 34990
  • $459,000
  • STATUS: Active
  • ON SITE: 140 Days
  • MLS #: RX-10730754
$459,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,640
    SQFT
  • $280
    $/SQFT
Type:
Multi-Family
Built:
1935
County:
Area:

School Information

Description

Rare find of this Classic old Florida charm 4-plex located in Palm City across the street from the St. Lucie River and boat ramp with large yard for plenty of parking. Long term tenants in place on the first floor. Value Add opportunity, rents are well below market which gives investor the ability to increase rents. All four units have separate entrances and are separately metered.

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www.bestbrowardrealestate.com/homes/119267934
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2624 SW Conch Cove Lane Palm City, FL 34990

  • Price: $459,000
  • Status: Active
  • On Site: 140 Days
  • MLS #: RX-10730754
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1,640
SQFT
$280
$/SQFT
1935
Built
Neighborhood:
Cleveland Addition To Palm City Plat Of
County:
Martin
Area:
Palm City
Elementary School:
Bessey Creek Elementary School
Middle School:
Hidden Oaks Middle School
High School:
Martin County High School
Property Description
Rare find of this Classic old Florida charm 4-plex located in Palm City across the street from the St. Lucie River and boat ramp with large yard for plenty of parking. Long term tenants in place on the first floor. Value Add opportunity, rents are well below market which gives investor the ability to increase rents. All four units have separate entrances and are separately metered.
Exterior Features

Carport Spaces 0.00 Construction Fiber Cement SidingFrameMixed Exterior Features Shed Lot Description < 1/4 AcreCorner LotPaved RoadPublic RoadWest Of Us-1 Lot Dimensions 50 X 120 Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Unit4 Parking Open Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanWall-Win A/C Flooring TileVinyl FloorWood Floor Heating ElectricWindow/Wall Unit1 Bedrooms 1 Unit1 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigeratorScreened Porch Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 560 Unit2 Bedrooms 1 Unit2 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigeratorScreened Porch Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 560 Unit3 Desc A/C UnitElectric MeterKitchenRefrigerator Unit3 Info Efficiency Unit3 Sq Ft 260 Unit4 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit4 Info Efficiency Unit4 Sq Ft 260 Window Treatments AwningImpact GlassSingle Hung Metal

Property Features

Annual Net Operating Income 26342.00 Annual Total Expenses 10480.00 Auction No Available Info AccountingLeases Built Desc Resale Gated Community No Gross Operating Income 38750.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None 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 Owner Special Assessment No Special Info Sold As-Is Sq Ft Total 1849.00 Subdivision Amenities None Tax Amount 6079.60 Tax Year 2020 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 795.00 Unit2 Monthly Income 745.00 Unit3 Monthly Income 845.00 Unit4 Monthly Income 875.00 Utilities CableElectricPublic SewerPublic Water Zoning Palm City Redev

Listing provided courtesy of Lighthouse Realty Services Inc. Listing information © 2021 BeachesMLS
 
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The Teri Arbogast Team at Keller Williams Partners SW
2000 NW 150th Ave Suite 1100
Pembroke Pines FL, 33028