$6,100,000
Palm Beach Shores, FL 33404
MLS# RX-10835105
Status: Closed
12 baths | 6718 sqft
1 / 35
Property Description
New roof new, AC, electric, refrigerators, new landscaping and freshly painted inside and out This 12 unit Pool Apartment Building located within 1 block on the Atlantic Ocean and across the street from the Plam Beach Inlet. There are 9 one bedroom units, and 3 studios. 1 Laundry room w/ 2 washers and Dryers, Office, and an Inground Swimming POOL plenty of room for basketball volleyball or tiki hut. There are new seperate electric meters for each unit plus a house meter. The building sits on one of the largest double lots in Palm Beach Shores. A Rare Triplenet Revenue Making Opportunity! 24,000 per month
Details
Contract Information
Status: Closed
Original List Price: 25000
Auction: No
Sold Price: $5,000,000
Current Price: $5,000,000
List Price/Bldg SqFt: 908
Listing Date: 2022-09-28
General Property Description
Type: Hotel-Motel
For Sale: Yes
For Lease: No
Property Desc: 12 unit apartment
Subdivision: PALM BEACH SHORES
Year Built: 1962
SqFt - Living: 6718
SqFt Source: Appraisal
# of Stories: 2
Total Units: 12
Baths - Total: 12
Acres: 0.49
% Air Conditioned: 100
Location Tax Legal
Area: 5240
County: Palm Beach
Parcel ID: 54434227040000050
Street #: 125
Street Name: Inlet
Street Suffix: Way
Unit #: 1
Zip Code: 33404
Legal Desc: PALM BEACH SHORES LTS 5 & 6
Geo Lat: 26.77492
Geo Lon: -80.034592
Status Change Info
Under Contract Date: 2023-03-09
Sold Date: 2023-06-07
Sold Price: $5,000,000
Terms of Sale: Conventional
Sold Price/Bldg SqFt: 744.26
Property Features
Use: Hotel/ Motel; Income; Mixed
Type of Building: Income; Resident. Multi-Fam.
Construction: Concrete
Location: Beach Area
Sale Includes: Building and Land; Fixtures; Furniture; Inventory
Avail Docs: Appraisal
Miscellaneous 1: Fenced
Miscellaneous 2: Pool
Flooring: Ceramic Tile
Cooling: Ceiling Fan; Wall-Win A/C
Heating: Electric
Fire Protect: Smoke Detector
Tenant Pays: Common Area Maint.; Insurance; Repairs; Taxes
Utilities: 101-200 Amp
Roof: Built-Up
Terms Considered: Cash; Conventional
Lease: 4-6 Years; 7-10 Years
Possession: Negotiable
Contingencies: None
Listing Office: Logan Realty Inc
Last Updated: June - 12 - 2023
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