Lantana, FL 33462,518 N 7th St
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Lantana, FL 33462,518 N 7th St
Lantana, FL 33462,518 N 7th St
Lantana, FL 33462,518 N 7th St
Lantana, FL 33462,518 N 7th St

$469,999

Est. payment /mo

$499,900

6.0%
Est.Price: ?

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518 N 7th St Lantana, FL 33462

2,893 SqFt

SOLD DATE : 09/30/2022

Key Details

Sold Price $469,999

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,893 sqft

Price per Sqft $162

Subdivision Mantyharju Lantana

MLS Listing ID F10339886

Sold Date 09/30/22

Style Triplex

Construction Status Resale

HOA Y/N No

Year Built 1955

Annual Tax Amount $6,118

Tax Year 2021

Property Description

CASH ONLY 10% R.O.I!!! $5000++ MONTHLY INCOME FROM CURRENT MARKET VALUE RENTS!!!! ALL TENANTS ARE PAYING UNDER MARKET RENTS!Fantastic Triplex and separate Garage & Apt. Opportunity located near major highways, businesses, and minutes to the ocean, this triplex offers a steady stream of rental income in a location that is seeing major ongoing growth and appreciation. All 3 apartments are currently rented as well as the garage. Each apartment is on its own electric meter; there is a single water meter for the property. Market rents for the building are $5,000+ per month. double insulation and copper pipes installed between 2019 and 2021, and a paver patio in the backyard. Current tenants have been onsite forever and current rents are way below market

Location

State FL

County Palm Beach County

Area Palm Beach 5600; 5610; 5620; 5630; 5640

Zoning R15

Interior

Heating Central Heat, Electric Heat

Cooling Ceiling Fans

Flooring Ceramic Floor

Exterior

Water Access N

Roof Type Comp Shingle Roof

Private Pool No

Building

Lot Description Less Than 1/4 Acre Lot

Story 2.0000

Foundation Concrete Block Construction, Frame With Stucco

Sewer Municipal Sewer

Construction Status Resale

Others

Pets Allowed No

Acceptable Financing Cash Only

Listing Terms Cash Only

Special Listing Condition As Is

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BeachesMLS Matrix (RAPB-F prefix)
Listed by Real Estate Home Sales Inc
Bought with Redfin Corporation
agent

Kevin Deng

Broker Associate | License ID: 3425449

+1(954) 787-2517

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