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3032 Collin Drive

West Palm Beach, FL 33406
  • $599,000
  • STATUS: Active
  • ON SITE: 11 days
  • ID#: RX-10723143
UPDATED: 21 min ago
$599,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,143
    SQFT
  • $280
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

AMAZING OPPORTUNITY, this is an investor's dream! This 4 unit property is located on a 1/2 acre lot with a large circular drive way and is zoned multifamily with 2 electric meters,. The main house is a single family home with 3 bedrooms, 1 bathroom, large living room & open layout with beautiful views into the huge backyard and inground pool! There are 3 separate 1 bedroom 1 bathroom apartments on the property along with an RV that collects rent as well. Only 2 of the 4 units are vacant at this time The main house can be rented for $2800 annually/ $3500 seasonally. A separate 2 car garage structure is in the process of building 2 separate studios. All building materials are included in the sale. All units are on month to month leases & rented under market value. Call for showing

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www.messickhomes.com/homes/118121836
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3032 Collin Drive West Palm Beach, FL 33406

  • Price: $599,000
  • Status: Active
  • Updated: 21 min ago
  • ID#: RX-10723143
0
Beds
0
Baths
0
½ Baths
0.48
Acres
2,143
SQFT
$280
$/SQFT
1963
Built
Neighborhood:
Millwood
County:
Palm Beach
Area:
West Palm Beach
Property Description
AMAZING OPPORTUNITY, this is an investor's dream! This 4 unit property is located on a 1/2 acre lot with a large circular drive way and is zoned multifamily with 2 electric meters,. The main house is a single family home with 3 bedrooms, 1 bathroom, large living room & open layout with beautiful views into the huge backyard and inground pool! There are 3 separate 1 bedroom 1 bathroom apartments on the property along with an RV that collects rent as well. Only 2 of the 4 units are vacant at this time The main house can be rented for $2800 annually/ $3500 seasonally. A separate 2 car garage structure is in the process of building 2 separate studios. All building materials are included in the sale. All units are on month to month leases & rented under market value. Call for showing
Exterior Features

Carport Spaces 2.00 Construction CbsFrame Exterior Features Auto SprinklerFenceScreened PatioShutters Lot Description 1/4 To 1/2 Acre Lot Dimensions 0.0 Ft X 120.0 Ft Private Pool Description Inground Private Pool YN Yes Roof Other Unit1 Parking Space Parking Unit2 Parking Space Parking Unit4 Parking Space Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Flooring Ceramic TileClay Tile Heating Central Unit1 Desc KitchenRange - GasRefrigeratorSmoke Detector Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 390 Unit2 Desc PatioSmoke Detector Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 592 Unit3 Sq Ft 450 Unit4 Desc Den/FamilyDishwasherKitchenRange - GasRefrigeratorSeparate DiningWasher Unit4 Sq Ft 1269

Property Features

Annual Net Operating Income 52800.00 Annual Total Expenses 7200.00 Available Info Leases Built Desc Resale Gross Operating Income 60000.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes Sewer Multifamily Type Quad Plex Possession At Closing REO No Restrictions Lease Ok W/RestrictNo PetsTenant Approval Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Info Sold As-Is Sq Ft Total 2848.00 Subdivision Amenities Pool Tax Amount 6567.75 Tax Year 2020 Taxes City/CountyHomestead Tenant Pays None Terms Considered CashConventionalFhaVa Unit1 Monthly Income 750.00 Unit2 Monthly Income 800.00 Unit3 Monthly Income 650.00 Unit4 Monthly Income 2800.00 Utilities Gas NaturalPublic SewerPublic Water Zoning Rm

Listing provided courtesy of Johnston Group Real Estate Services Llc. Listing information © 2021 BeachesMLS
 
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951 Yamato Rd., Suite 250
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