1883 Smith Drive #1,2,3,4, North Palm Beach, FL 33408

 -  $499,999

MLS® # RX-10623118

  • 1 Bedroom
  • 4 Bathrooms
  • 1,848 SQ. Feet
  • 1958 Year Built

Great investment INSTANT INCOME PRODUCING property! 4 unit multi fam consisting of three studio apartments & one 1 bedroom apartment on NORTH PALM BEACH! Prime location, walking dist to Palm Beach State College, shopping, beaches etc! This North Palm Beach multi-family is CBS construction and the exterior has been recently renovated, showing pride in ownership and a great opportunity to remodel interior & increase rents to market value. Currently, the rents are approx 30% below fair marker value; leaving a huge opportunity for a new buyer to increase their income and cap rate. All current tenants are month to month. PRIME location with little to no time on market when an occasional vacancy does arise. FHA/VA/CONVENTIONAL financing welcome. Separate FPL meters+large shared laundry room!

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Property

Location

  • NeighborhoodSMITH ARTHUR M & EMMA D SUB
  • Address1883 Smith Drive #1,2,3,4
  • CityNorth Palm Beach
  • StateFL

Size And Restrictions

  • Acres0.00
  • Lot DescriptionPublic Road
  • RestrictionsNone

Taxes

  • Tax Amount$5,080
  • Tax Year2019

Improvements

  • Property SubtypeQuad Plex
  • FenceYes
  • SprinklerNo

Utilities

  • Utilities3-Phase Electric, Cable, Well Water

Market

Interior

Bedrooms And Bathrooms

  • Bedrooms1
  • Bathrooms4.00

Heating And Cooling

  • HeatingElectric
  • Air ConditioningWall-Win A/C

Building

Building Information

  • Year Built1958
  • # Of Stories1
  • ConstructionCBS
  • RoofComp Shingle

Property Features

  • Exterior FeaturesExterior W/D Hookup, Fence, Open Porch

Community

Home Owners Association

  • HOA Membership (Monthly)Yes
  • HOA Fees$0

Info

  • OfficeFlorida's Best Realty Services

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Listing information last updated on June 7th, 2020 at 6:23am EDT.