Bought with Partnership Realty Inc.
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Key Details
Sold Price $425,000
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,691 sqft
Price per Sqft $251
Subdivision Drew Manor
MLS Listing ID RX-10748849
Sold Date 12/20/21
Style Ranch
Bedrooms 4
Full Baths 2
Half Baths 1
Construction Status Resale
HOA Y/N No
Year Built 1954
Annual Tax Amount $6,202
Tax Year 2020
Property Description
Opportunity Knocks!! This property sits on over 1/2 acre of land located in beautiful Palm Springs. This is a spectacular investment opportunity with an approximate 8% cap rate! There are 2 tenants in place leasing month to month and the 3rd tenants are leased until Feb 26th, 2022. The main house boast 2 bedrooms, 1 full bath plus a den that can be converted easily to a 3rd bedroom. The home also features a studio with its own private entrance, a kitchenette, and 3/4 bathroom. The Guest house has its own private parking space with plenty of room for a boat, truck or RV. Inside features a full kitchen overlooking a spacious living room, 1 bedroom, 1 full bath and an oversized mud room which could be used for storage or laundry/pantry. This beautiful lot has so much potential!
Location
State FL
County Palm Beach
Area 5490
Zoning RS
Rooms
Other Rooms Den/Office, Laundry-Util/Closet
Master Bath None
Interior
Interior Features None
Heating Window/Wall
Cooling Wall-Win A/C
Flooring Carpet, Laminate, Tile
Furnishings Unfurnished
Exterior
Exterior Feature Fence, Shed
Parking Features Carport - Attached, Covered, Driveway
Community Features Sold As-Is
Utilities Available Cable, Electric
Amenities Available None
Waterfront Description None
Roof Type Comp Shingle
Present Use Sold As-Is
Exposure South
Private Pool No
Building
Lot Description 1/2 to < 1 Acre
Story 1.00
Foundation CBS
Construction Status Resale
Others
Pets Allowed Yes
Senior Community No Hopa
Restrictions None
Security Features None
Acceptable Financing Cash, Conventional, FHA, VA
Horse Property No
Membership Fee Required No
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Pets Allowed No Restrictions
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