Bought with Leader Realty, Inc.
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4705 Springfield ST Lake Worth, FL 33463
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Key Details
Sold Price $237,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,278 sqft
Price per Sqft $185
Subdivision Kenwood
MLS Listing ID RX-10668082
Sold Date 12/23/20
Bedrooms 4
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1975
Annual Tax Amount $3,738
Tax Year 2020
Lot Size 7,500 Sqft
Property Description
This duplex consists of two 2 bedrooms, one bathroom units. Both units are currently rented for $900.00 each with good month to month tenants. Rents are below market value. Investors: there is plenty of room to increase rents on this property and maximize your return OR live in one unit and rent the other one. The vacant lot (25'x100') next to this property in also included in this sale. Making of this a 10,000 S/F lot. Plenty of space for Trailers, RV, trucks or any toys you want to bring. Very private dirt road. Water system and septic tank very well maintained. Centrally located. FPL utilities.Current Net ROI 6%. Potential Net ROI after increasing rents to market value 9%+
Location
State FL
County Palm Beach
Area 5720
Zoning RM
Interior
Heating Central, Electric
Cooling Central, Electric
Flooring Vinyl Floor
Exterior
Exterior Feature Fence
Utilities Available Electric, Septic, Well Water
Amenities Available None
Waterfront Description Canal Width 121+
View Canal
Roof Type Comp Shingle
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Fiber Cement Siding, Other
Construction Status Resale
Schools
Elementary Schools Greenacres Elementary School
Middle Schools L C Swain Middle School
High Schools John I. Leonard High School
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
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