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    617 SW Avenue C

    Belle Glade, FL 33430
    • $125,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: RX-10720814
    UPDATED: 24 min ago
    $125,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,444
      SQFT
    • $51
      $/SQFT
    Type:
    Multi-Family
    Built:
    1934
    County:
    Area:

    School Ratings & Info

    Description

    Opportunity knocks! Great ROI! Some TLC needed. There are 2 buildings on the property+storage building. Two story quadruplex is fully occupied, tenants pay $300/month. Each quadruplex consists of 1 bedroom, bathroom, and kitchen (kitchen is large enough to be used as a living room). Separate electric meters. Tenants want to stay. Tenants provide their own window ACs and appliances. One story duplex has 2 bedrooms/1 bathroom, approx. 650 sq.ft each and currently has no tenants. Each unit can be rented for $650/month. Duplex has a newer roof (2017), bathroom was recently rebuilt, and some structure work has been done in the interior but more work has to been done to make that building fully functional. This is a true value-add asset in the supply-constrained South Florida rental market.

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    www.palmbeachcountyhomesearch.com/homes/117804417
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    617 SW Avenue C Belle Glade, FL 33430

    • Price: $125,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: RX-10720814
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    2,444
    SQFT
    $51
    $/SQFT
    1934
    Built
    Neighborhood:
    S/D Of 31-43-37 By St Survey
    County:
    Palm Beach
    Area:
    Belle Glade
    Property Description
    Opportunity knocks! Great ROI! Some TLC needed. There are 2 buildings on the property+storage building. Two story quadruplex is fully occupied, tenants pay $300/month. Each quadruplex consists of 1 bedroom, bathroom, and kitchen (kitchen is large enough to be used as a living room). Separate electric meters. Tenants want to stay. Tenants provide their own window ACs and appliances. One story duplex has 2 bedrooms/1 bathroom, approx. 650 sq.ft each and currently has no tenants. Each unit can be rented for $650/month. Duplex has a newer roof (2017), bathroom was recently rebuilt, and some structure work has been done in the interior but more work has to been done to make that building fully functional. This is a true value-add asset in the supply-constrained South Florida rental market.
    Exterior Features

    Carport Spaces 0.00 Construction Stucco Exterior Features NoneShed Lot Description < 1/4 Acre Private Pool YN No Roof Other Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Unit4 Parking Open Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Wall-Win A/C Flooring ConcreteVinyl Floor Heating No Heat Unit1 Bedrooms 1 Unit1 Desc Electric Meter Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 330 Unit2 Bedrooms 1 Unit2 Desc Electric Meter Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 330 Unit3 Bedrooms 1 Unit3 Desc Electric Meter Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 330 Unit4 Bedrooms 1 Unit4 Desc Electric Meter Unit4 Full Baths 1 Unit4 Furnished No Unit4 Sq Ft 330

    Property Features

    Annual Net Operating Income 23692.00 Annual Total Expenses 6308.00 Available Info Other Built Desc Resale Gross Operating Income 30000.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession At ClosingFunding REO No Restrictions None Separate Electric Meters No Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Sq Ft Total 2732.00 Subdivision Amenities None Tax Amount 2107.97 Tax Year 2020 Taxes City/CountyNo Homestead Tenant Pays Electric Terms Considered CashConventional Unit1 Monthly Income 300.00 Unit2 Monthly Income 300.00 Unit3 Monthly Income 300.00 Unit4 Monthly Income 300.00 Utilities ElectricPublic Water Zoning R3(Cit

    Listing provided courtesy of Momentum Real Estate Group. Listing information © 2021 BeachesMLS
     
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