Excellent investment opportunity featuring 4 units, each offering 2 bedrooms and 1 bathroom. All four units are currently rented below market value, providing potential for increased future rental income. Three of the four units have been renovated, while the remaining unit offers additional value-add potential. Current gross rental income is $6,550 per month / $78,600 annually. Tenants pay their own electric; owner pays water, common-area electric and landscaping. Common laundry area with washer and dryer, with potential to convert to coin-operated laundry for additional income. Zoned PADD - Park Avenue Downtown District with multiple permitted uses. Tenant occupied. Please do not disturb tenants. Buyer to verify all information and zoning.
| MLS # | B26066747 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1973 |
| Days On Site | 76 |
| Listing Provided By | Capital Investments R.E. Corp. | Imran Gunes |
| SQ Feet | 3,384 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Zoning | R2 (city) |
| Acreage | 0.23 |
| Lot Features | Less Than Quarter Acre |
|---|
| Tax Annual Amount | 13344.45 |
|---|
| State | FL |
|---|---|
| County | Palm Beach |
| City | Lake Park |
| Zip Code | 33403 |
| Area | 5270 |
| Subarea | PB26 |
| Community Name | KELSEY CITY |
| Listing VS Median (in KELSEY CITY) | |
Price: $899,000 low | high Med: $375,900 sqft: 3,384 low | high Med: 1,138 $ / sqft: $266 low | high Med: $330 On site: 76 low | high Med: 90 | |
| State | FL |
|---|---|
| County | Palm Beach |
| City | Lake Park |
| Zip Code | 33403 |
| Area | 5270 |
| Subarea | PB26 |
| Community Name | KELSEY CITY |
| Listing VS Median (in KELSEY CITY) | |
Price: $899,000 low | high Med: $375,900 sqft: 3,384 low | high Med: 1,138 $ / sqft: $266 low | high Med: $330 On site: 76 low | high Med: 90 | |