$6,500,000
West Palm Beach,
MLS# RX-2225745
Status: Closed
124 baths | 48000 sqft
1 / 2
Property Description
GREAT INVESTMENT OPPORTUNITY TO OWN CONDOS AND APARTMENTS. 9 /- ACRES - EXCELLENT INCOME PRODUCING PROPERTY. IN PROXIMITY TO THE WEST PALM BEACH INTERNATIONAL AIR PORT
Details
Contract Information
Status: Closed
Original List Price: 4250000
Sold Price: $5,200,000
Current Price: $5,200,000
List Price/Bldg SqFt: 135.42
Listing Date: 2002-05-21
General Property Description
For Sale: Yes
For Lease: Yes
Property Desc: COLONY OAKS
Year Built: 1987
SqFt - Living: 48000
# of Stories: 1
Baths - Total: 124
% Air Conditioned: 100
Waterfront: No
Location Tax Legal
Area: 5500
County: Palm Beach
Parcel ID: 00424335010110010
Street #: 345
Street Name: HAVERHILL
Zip Code: 33415
Legal Desc: MODEL LAND CO SUB N 1/2 OF TR 11 (LESS OF W 295 FT, COLONY OAKS COND PH 1 & 2 & E 20 FT H
Status Change Info
Under Contract Date: 2004-12-15
Sold Date: 2004-02-11
Sold Price: $5,200,000
Terms of Sale: Conventional
Sold Price/Bldg SqFt: 108.33
Building Info
# of Tenants: 65
Monetary Info
Gross Sched Income: 541440
Gross Oper Income: 535724
Other Income: 33550
Total Expenses: 207080
Net Oper Income: 328644
Expenses
Management: 42918
Advertising: 20446
Insurance: 13600
Supplies: 6144
Utilities: 20341
Maint & Repair: 18511
Unit 1
# of Units: 65
Full Baths: 2
Property Features
Use: Income
Type of Building: Resident. Multi-Fam.
Construction: Other
Location: Other
Sale Includes: Equipment; Fixtures
Avail Docs: None
Avail Info: None
Flooring: Carpet
Cooling: Central
Heating: Central
Fire Protect: Smoke Alarm
Tenant Pays: None
Utilities: Other
Roof: Other
Terms Considered: Cash; Conventional
Lease: Annual; Month to Month
Possession: At Closing
Listing Office: Investments, Ltd.
Last Updated: September - 22 - 2013
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