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    4226 Vicliff Road

    West Palm Beach, FL 33406
    • $775,000
    • STATUS: Pending
    • ON SITE: 17 Days
    • ID#: RX-10749881
    Pending
    UPDATED: 80 min ago
    $775,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,696
      SQFT
    • $210
      $/SQFT
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    Cash flowing property with full occupancy on an oversized corner lot featuring 2 separate CBS buildings with 4 units total in Opportunity zone. Both buildings face either other with 11 parking spaces and low maintenance landscaping. All of the units have the same floor plan 2 bedroom/ 1 bathroom with 924 sq ft each. The building is in great condition with roof, a/c units, and water heaters in working order. All 4 units are in excellent condition with modern updates, washer/dryers, and private porch. All units are separately metered for water/electricity. Rent roll is below market value with 1 unit month to month and another lease expiring soon, therefore both can be raised to market value to increase annual gross tremendously.

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    www.thefabbrigroup.com/homes/122086817
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    4226 Vicliff Road West Palm Beach, FL 33406

    • Price: $775,000
    • Status: Pending
    • Updated: 80 min ago
    • ID#: RX-10749881
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    3,696
    SQFT
    $210
    $/SQFT
    1973
    Built
    Neighborhood:
    Military Hill Unrec Pl In
    County:
    Palm Beach
    Area:
    West Palm Beach
    Property Description
    Cash flowing property with full occupancy on an oversized corner lot featuring 2 separate CBS buildings with 4 units total in Opportunity zone. Both buildings face either other with 11 parking spaces and low maintenance landscaping. All of the units have the same floor plan 2 bedroom/ 1 bathroom with 924 sq ft each. The building is in great condition with roof, a/c units, and water heaters in working order. All 4 units are in excellent condition with modern updates, washer/dryers, and private porch. All units are separately metered for water/electricity. Rent roll is below market value with 1 unit month to month and another lease expiring soon, therefore both can be raised to market value to increase annual gross tremendously.
    Exterior Features

    Carport Spaces 11.00 Construction Cbs Exterior Features Auto SprinklerOpen PorchWell Sprinkler Lot Description 1/4 To 1/2 AcreCorner Lot Private Pool YN No Roof Comp Shingle Unit1 Parking Open ParkingSpace Parking Unit2 Parking Open ParkingSpace Parking Unit3 Parking Open ParkingSpace Parking Unit4 Parking Open ParkingSpace Parking View Garden Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Central Flooring Ceramic Tile Heating Central Unit1 Bedrooms 2 Unit1 Desc A/C UnitDishwasherDisposalDryerElectric MeterHookupKitchenLaundryRefrigeratorW/D HookupWasher Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 924 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDishwasherDryerElectric MeterHookupKitchenLaundryRefrigeratorW/D HookupWasher Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 924 Unit3 Bedrooms 2 Unit3 Desc A/C UnitDryerElectric MeterKitchenLaundryRefrigeratorUtilityW/D HookupWasher Unit3 Full Baths 1 Unit3 Sq Ft 924 Unit4 Bedrooms 2 Unit4 Desc A/C UnitDisposalDryerElectric MeterHookupKitchenLaundryMicrowaveRefrigeratorW/D HookupWasher Unit4 Full Baths 1 Unit4 Sq Ft 924

    Property Features

    Annual Net Operating Income 42393.00 Annual Total Expenses 9508.00 Available Info Leases Built Desc Resale Contingent Pending Contingents Financing Gross Operating Income 51900.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession Funding REO No Restrictions Other Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Other Special Info Sold As-Is Sq Ft Total 3804.00 Subdivision Amenities None Tax Amount 7653.70 Tax Year 2020 Taxes City/County Tenant Pays CableElectricWater Terms Considered CashConventional Unit1 Monthly Income 1025.00 Unit2 Lease Ends 2021-11-30 Unit2 Monthly Income 1100.00 Unit3 Lease Ends 2022-04-30 Unit3 Monthly Income 1050.00 Unit4 Lease Ends 2022-08-31 Unit4 Monthly Income 1050.00 Utilities CableElectricWater Available Zoning Rm/Multi-Family

    Listing provided courtesy of Re/Max Services. Listing information © 2021 BeachesMLS
     
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