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912 N Olive 2 Avenue

West Palm Beach, FL 33401
  • $1,500,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: RX-10736880
UPDATED: 65 min ago
$1,500,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,744
    SQFT
  • $547
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1945
County:

School Ratings & Info

Description

Investment opportunity in the heart of Palm Beach:Currently Assisted Living Facility 2 Detached separate buildings property is Garden Villas that is Licensed to accommodate 16 Residents. It has 2 individual Buildings one -story concrete block with stucco - finished blogs. That are connected by a covered walkway. Buildings. Great great spot for new construction the property has 16 beds now fully occupied the entire year, building also has a logistic areas such as dining room, office with all accessories including, wifi high speed and full comcast xfinity services all in one a kitchen with a lounge. The facility has two generators that cover both buildings, lower maintenance fee the landscaping is only about $100 also the facility has storage room & laundry area on site. Business is rock!

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www.thefabbrigroup.com/homes/120205756
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912 N Olive 2 Avenue West Palm Beach, FL 33401

  • Price: $1,500,000
  • Status: Active
  • Updated: 65 min ago
  • ID#: RX-10736880
0
Beds
0
Baths
0
½ Baths
0.2
Acres
2,744
SQFT
$547
$/SQFT
1945
Built
Neighborhood:
Gruber Carlberg
County:
Palm Beach
Area:
West Palm Beach
Property Description
Investment opportunity in the heart of Palm Beach:Currently Assisted Living Facility 2 Detached separate buildings property is Garden Villas that is Licensed to accommodate 16 Residents. It has 2 individual Buildings one -story concrete block with stucco - finished blogs. That are connected by a covered walkway. Buildings. Great great spot for new construction the property has 16 beds now fully occupied the entire year, building also has a logistic areas such as dining room, office with all accessories including, wifi high speed and full comcast xfinity services all in one a kitchen with a lounge. The facility has two generators that cover both buildings, lower maintenance fee the landscaping is only about $100 also the facility has storage room & laundry area on site. Business is rock!
Exterior Features

Carport Spaces 0.00 Construction Cbs Exterior Features AwningsCovered BalconyCovered PatioDeckExterior W/D HookupExtra BuildingFenceGreen HouseOpen PatioOpen PorchShutters Lot Description < 1/4 AcrePaved RoadPublic RoadSidewalks Lot Dimensions 0.2009 Acres Private Pool YN No Roof Barrel Unit1 Parking Open ParkingSpace Parking Unit2 Parking NoneSpace Parking View IntracoastalOther Water Frontage 0 Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanCentral BuildingWall-Win A/C Flooring Ceramic Tile Heating Central Unit1 Bedrooms 6 Unit1 Desc A/C UnitDishwasherDryerElectric MeterGenerator HookupHandicap AccessKitchenLaundryLaundry TubMicrowavePatioRange - ElectricRefrigeratorSmoke DetectorSplit BedroomsW/D HookupWasher Unit1 Full Baths 5 Unit1 Furnished Yes Unit1 Sq Ft 1684 Unit2 Bedrooms 3 Unit2 Desc A/C UnitDen/FamilyFoyerHandicap AccessPatioScreened PorchSmoke DetectorSplit BedroomsUtility Unit2 Full Baths 2 Unit2 Furnished Yes Unit2 Sq Ft 1258 Unit3 Sq Ft 0 Unit4 Sq Ft 0 Window Treatments Blinds

Property Features

Ada Compliant Door LeversEntryHandicap AccessLevelOther Bath ModificationRamped Main LevelWheelchair AccessibleWide DoorwaysWide Hallways Annual Net Operating Income 214465.00 Annual Total Expenses 215132.00 Application Fee 0.00 Available Info AccountingInventoryOtherService Contracts Built Desc Resale Gross Operating Income 297868.00 Hoa Fee Per Month 1.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Duplex Possession At Closing REO No Restrictions Buyer ApprovalHistoric DesignationInterview RequiredLease OkNoneOther Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses AccountantOwnerTax Return Special Assessment No Special Info Corporate OwnedDisclosureHome WarrantyPotential Tear DownSold As-Is Sq Ft Total 3742.00 Subdivision Amenities Bike - JogExtra StorageFitness TrailInternet IncludedLobbyNoneSidewalks Tax Amount 12646.70 Tax Year 2020 Taxes City/CountyCounty OnlyOther Exemption Tenant Pays JanitorialNone Terms Considered CashConventionalOther Unit1 Monthly Income 18000.00 Unit2 Monthly Income 9000.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities CablePublic SewerPublic Water Zoning Ppd-Po

Listing provided courtesy of Exp Realty Llc. Listing information © 2021 BeachesMLS
 
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