13901 Folkestone Cr. & 1031 Goldenrod Rd.
Some listings show the Apartment Investment address as 13901 Folkstone Circle.
|Number of Units||4||Occupancy||100%|
|Building Size||16,850 SF||No. Stories||2|
|Price per Unit||$500,000||Year Built||1998|
|Property Type||Multifamily||Lot Size||32,000 SF|
|Property Sub-type||Duplex – Triplex – Fourplex||APN / Parcel ID||73-41-44-09-02-073-0180|
|Property Use Type||Investment||Parking Ratio||0.39 / 1,000 SF|
West Palm Beach Investment Property Description
These attractive 2 Quadplexes are located in the heart of the Village of Wellington, FL (AKA The Equestrian Capital of the World).
8 units; 36 Bedrooms; $ per unit $250,000; ~$117 psf. Some Rental Property Units feature Wheelchair Accessible (Rooms).
This Apartments are located in the heart of the Village of Wellington. These Rental Units have an immediate proximity to Equestrian Overlay District, Publix, Restaurants, Schools (all A-Rated), Parks, Shopping, etc. which makes these apartments more attractive.
Highlights of Investment Properties
- Total Gross Yearly Income = $171,900
- All units 2 Story CBS
- 36 Total Bedrooms (4 Five Bedroom Units; 4 Four Bedroom Units)
- Total Annual Property Taxes = ~$24,000
- Total Annual Insurance = ~$ 4,700
- Total Annual Landscape Maintenance = $1800
Unit Mix Information
|Description||No. Units||Avg. Mo. Rent||Sq. Ft.|
|13901 Folkesotne Cir.||4||$1,925||10|
|1031 Goldenrod Rd.||4||$1,656||7|
Financial Summary (Actual)
|Scheduled Gross Income||$172,000||Net Operating Income||$140,000|
|Effective Gross Income||$172,000|
Debt & Equity Information
|Debt Type||Existing||Due In||25|
|Loan Amount||$375,000||Annual Debt Service||$26,000|
|Interest Rate||4.62%||Loan Description||30 yr. fixed @ 4.625%|
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