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1634 W 9th Street

Riviera Beach, FL 33404
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 174 Days
  • ID#: RX-10807469
Under Contract
UPDATED: 55 min ago
$750,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,848
    SQFT
  • $195
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

Description

In early 2021, this quadplex received a brand new roof, 4 brand new electrical panels, updated plumbing & 4 brand new central AC units. Unit 4 is completely remodeled (new kitchen cabinets, quartz countertops, new stove, new dishwasher, new bathtub, new vanity). All floors are tiled except unit 2 has carpet. One unit is currently earning $1650, the other units are paying $1500, $1450 & $1400. The projected income ($1650 rent per unit - $12,567 for taxes & insurance (see attached tax return)) is $66,633 which is more than a 7.8% CAP rate. All 4 units have long term renters (2 tenants are month to month and 2 tenants' leases expire in December 2022 & February 2023).Priced to sell & only showing with a signed contract.

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www.westpalmhomesearch.com/homes/129730603
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1634 W 9th Street Riviera Beach, FL 33404

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 174 Days
  • Updated: 55 min ago
  • ID#: RX-10807469
0
Beds
0
Baths
0
½ Baths
0.2
Acres
3,848
SQFT
$195
$/SQFT
1971
Built
Neighborhood:
Harmony Heights
County:
Palm Beach
Area:
Riviera Beach
Property Description
In early 2021, this quadplex received a brand new roof, 4 brand new electrical panels, updated plumbing & 4 brand new central AC units. Unit 4 is completely remodeled (new kitchen cabinets, quartz countertops, new stove, new dishwasher, new bathtub, new vanity). All floors are tiled except unit 2 has carpet. One unit is currently earning $1650, the other units are paying $1500, $1450 & $1400. The projected income ($1650 rent per unit - $12,567 for taxes & insurance (see attached tax return)) is $66,633 which is more than a 7.8% CAP rate. All 4 units have long term renters (2 tenants are month to month and 2 tenants' leases expire in December 2022 & February 2023).Priced to sell & only showing with a signed contract.
Exterior Features

Carport Spaces 0.00 Construction CbsStucco Exterior Features Fence Lot Description < 1/4 Acre Private Pool YN No Roof Comp ShingleOther Unit1 Parking Open ParkingSpace Parking Unit2 Parking Open ParkingSpace Parking Unit3 Parking Open ParkingSpace Parking Unit4 Parking Open ParkingSpace Parking View Garden Water Frontage N/A Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanCentralElectric Flooring Tile Heating CentralElectric Unit1 Bedrooms 3 Unit1 Desc A/C UnitBuilt-In ShelvesDryerElectric MeterKitchenLaundryMicrowavePatioRange - ElectricRefrigeratorSmoke DetectorW/D HookupWasher Unit1 Full Baths 1 Unit1 Furnished Yes Unit1 Sq Ft 961 Unit2 Bedrooms 3 Unit2 Desc A/C UnitBuilt-In ShelvesDryerElectric MeterHookupKitchenLaundryMicrowavePatioRange - ElectricRefrigeratorSplit BedroomsW/D HookupWasher Unit2 Full Baths 1 Unit2 Furnished Yes Unit2 Sq Ft 961 Unit3 Bedrooms 3 Unit3 Desc A/C UnitBuilt-In ShelvesDryerElectric MeterHookupKitchenLaundryMicrowavePatioRange - ElectricRefrigeratorSmoke DetectorSplit BedroomsW/D HookupWasher Unit3 Full Baths 1 Unit3 Furnished Yes Unit3 Sq Ft 961 Unit4 Bedrooms 3 Unit4 Desc A/C UnitDishwasherDryerElectric MeterHookupKitchenLaundryMicrowaveRange - ElectricRefrigeratorSmoke DetectorSplit BedroomsW/D HookupWasher Unit4 Full Baths 1 Unit4 Furnished Yes Unit4 Sq Ft 961 Window Treatments Blinds

Property Features

Annual Net Operating Income 66633.00 Annual Total Expenses 12567.00 Application Fee 0.00 Auction No Available Info AccountingDeposit Last Month Built Desc Resale Contingent Active Under Contract Contingents Financing Development Name Harmony Heights Gated Community No Gross Operating Income 79200.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None Multifamily Type Quad Plex REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses OwnerProforma Special Assessment No Special Info Sold As-Is Sq Ft Total 5280.00 Subdivision Amenities None Tax Amount 8979.00 Tax Year 2021 Taxes City/County Tenant Pays CableElectricSewerSewerWater Terms Considered CashConventionalFha Unit1 Lease Ends 2022-06-01 Unit1 Monthly Income 1450.00 Unit2 Lease Ends 2022-12-15 Unit2 Monthly Income 1650.00 Unit3 Lease Ends 2022-06-01 Unit3 Monthly Income 1400.00 Unit4 Lease Ends 2023-02-01 Unit4 Monthly Income 1500.00 Utilities CableElectricPublic SewerPublic WaterWater Available Zoning Rs-6

Listing provided courtesy of Seawinds Realty: (561) 379-5536. Listing information © 2022 BeachesMLS
 
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12008 South Shore Blvd.
Wellington FL, 33414