Bought with ERA Home Run Real Estate
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1268 Dr Martin Luther King Jr BLVD Riviera Beach, FL 33404
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Key Details
Sold Price $85,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,472 sqft
Price per Sqft $57
Subdivision Inlet City
MLS Listing ID RX-10214805
Sold Date 12/09/16
Bedrooms 4
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1953
Annual Tax Amount $867
Tax Year 2015
Lot Size 6,227 Sqft
Property Description
If you run the numbers its a great investment. Even if you based it on a purchase price of 100,000 your return on investment is 16.5%That's $800 a month each side for $1600 a month X 12 months is $19,200 now minus insurance of $1500 a year and taxes of $900 your profit is $16,800 that's 16.5% return.Awesome opportunity to own a Great investment property. Only Duplex on block surrounded by all single family homes. Zoned Multi Family. Each side can rent for $800 a month.Great return on your investment.Each unit has 2 bedrooms 1 bath, no central a/c.
Location
State FL
County Palm Beach
Area 5280
Zoning RS-8(c
Interior
Heating No Heat
Cooling None
Flooring Carpet, Ceramic Tile
Exterior
Exterior Feature Auto Sprinkler, Room for Pool
Community Features Sold As-Is, Survey
Utilities Available Electric, Public Sewer
Amenities Available None
Waterfront Description None
Roof Type Comp Rolled
Present Use Sold As-Is,Survey
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Concrete
Construction Status Resale
Schools
Elementary Schools Lincoln Elementary School
Middle Schools John F. Kennedy Middle School
High Schools William T. Dwyer High School
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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