Description
This listing is a tremendous deal to purchase. Florida Apartment Investments such as this are rare.
| Price | $1,100,000 | ||
| No. Units | 4 | Occupancy | 100% |
| Building Size | 10,240 SF | No. Stories | 2 |
| Price per Unit | $275,000 | Year Built | 1998 |
| Property Type | Multifamily | Lot Size | 16,376 SF |
| Property Sub-type | Garden – Low-Rise | 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
Quadplex within the heart of the Village of Wellington- a highly desirable town due to equestrian influence and A-rated schools. Folkestone features 5 bedrooms (in high demand) with 2.5 baths and 1 car garages. Units are priced at 7+% cap. Demonstrating the highest returns of any multifamily property on the Wellington market with room to grow. Potential to lease out seasonally as well as annually.
This Investment Property for sale has no deferred maintenance, tenants in 3 units responsible for AC and interior maintenance. This is a trophy to add to your Commercial Property Portfolio.
Wellington, Florida 33414
Financial Summary (Actual)
| Year | 2016 | Operating Expenses | $39,800 |
| Scheduled Gross Income | $184,800 | Net Operating Income | $145,000 |
Listing information courtesy of Kate Tremain, Specializing in investment & equestrian properties. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.
Property ID 377901