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622 Bayberry Drive

Lake Park, FL 33403
  • $379,000
  • STATUS: Active
  • ON SITE: 321 Days
  • ID#: RX-10782902
UPDATED: 41 min ago
$379,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,190
    SQFT
  • $173
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

Description

POTENTIAL CASH COW! ESTATE SALE CBS DUPLEX. 1ST TIME ON MARKET IN 20 YEARS. GROSS POTENTIAL RENTAL INCOME = $42,000 per year, $5000 taxes, 2400 misc. = 9,.1% CAP RATE!!. Units Need Updating, solid CBS Construction.. this is a NO BRAINER!!! 480sQ Ft Detached Garage for??? This will go FAST! ,.. Jump On It!PROPERTY IS CURRENTLY IN PROBATE. NO OFFERS WILL BE REVIEWED UNTIL THE PROPERTY TITLE IS VESTED IN THE HEIR'S NAME. ATTORNEY IS DOING A SUMMARY PROBATE SHORT PROCESS SO IT SHOULD BE DONE BY EARLY JULY. UNIT 1 IS A 2BR/1BA 800 SQ FT RENTAL UNIT UNIT 2 IS A 4BR/2BA 1400 SQ FT RENTAL UNIT DETACHED GARAGE OF 448 SQ FT IS A FINISHED SPACE UNIT WHICH CANNOT BE USED AS LIVING AREA PER LAKE PARK CODE. ALL UNITS WILL BE DELIVERED EMPTY AT CLOSING WE HAVE 15 OFFERS AND THEY WILL BE REVIEWED AFTER TITLE IS VESTED. WE HAVE 2 CODE LIENS AND 2 OPEN PERMITS- OWNER HAS RETAINED CONTRACTOR TO CLOSE PERMITS AND MITIGATE FINES. NO SHOWINGS

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www.baronrealestateco.com/homes/126579319
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622 Bayberry Drive Lake Park, FL 33403

  • Price: $379,000
  • Status: Active
  • On Site: 321 Days
  • Updated: 41 min ago
  • ID#: RX-10782902
0
Beds
0
Baths
0
½ Baths
0.24
Acres
2,190
SQFT
$173
$/SQFT
1958
Built
Neighborhood:
Kelsey City
County:
Palm Beach
Area:
Lake Park
Elementary School:
Lake Park Elementary School
Middle School:
Howell L. Watkins Middle School
High School:
Palm Beach Gardens High School
Property Description
POTENTIAL CASH COW! ESTATE SALE CBS DUPLEX. 1ST TIME ON MARKET IN 20 YEARS. GROSS POTENTIAL RENTAL INCOME = $42,000 per year, $5000 taxes, 2400 misc. = 9,.1% CAP RATE!!. Units Need Updating, solid CBS Construction.. this is a NO BRAINER!!! 480sQ Ft Detached Garage for??? This will go FAST! ,.. Jump On It!PROPERTY IS CURRENTLY IN PROBATE. NO OFFERS WILL BE REVIEWED UNTIL THE PROPERTY TITLE IS VESTED IN THE HEIR'S NAME. ATTORNEY IS DOING A SUMMARY PROBATE SHORT PROCESS SO IT SHOULD BE DONE BY EARLY JULY. UNIT 1 IS A 2BR/1BA 800 SQ FT RENTAL UNIT UNIT 2 IS A 4BR/2BA 1400 SQ FT RENTAL UNIT DETACHED GARAGE OF 448 SQ FT IS A FINISHED SPACE UNIT WHICH CANNOT BE USED AS LIVING AREA PER LAKE PARK CODE. ALL UNITS WILL BE DELIVERED EMPTY AT CLOSING WE HAVE 15 OFFERS AND THEY WILL BE REVIEWED AFTER TITLE IS VESTED. WE HAVE 2 CODE LIENS AND 2 OPEN PERMITS- OWNER HAS RETAINED CONTRACTOR TO CLOSE PERMITS AND MITIGATE FINES. NO SHOWINGS
Exterior Features

Carport Spaces 0.00 Construction Cbs Exterior Features AwningsRoom For Pool Lot Description < 1/4 AcrePaved RoadSidewalks Lot Dimensions 75.0 Ft X 135.0 Ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open ParkingSpace Parking Unit2 Parking Open ParkingSpace Parking View Garden Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanWall-Win A/C Flooring Ceramic TileConcrete Heating Window/Wall Unit1 Bedrooms 4 Unit1 Desc Electric MeterPatioRange - ElectricRefrigeratorSplit BedroomsUtility Unit1 Full Baths 2 Unit1 Furnished No Unit1 Sq Ft 800 Unit2 Bedrooms 2 Unit2 Desc A/C UnitElectric MeterKitchenPatioRange - ElectricRefrigeratorSmoke DetectorStack Bedrooms Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 1600 Unit3 Sq Ft 0 Unit4 Sq Ft 0 Window Treatments Awning

Property Features

Annual Net Operating Income 35000.00 Annual Total Expenses 6900.00 Auction No Available Info Other Built Desc Resale Gated Community No Gross Operating Income 42000.00 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 Lease OkNone Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Other Special Assessment No Special Info DisclosureSold As-IsTitle Insurance Sq Ft Total 2302.00 Subdivision Amenities Ball FieldBasketballSidewalksStreet Lights Tax Amount 4899.68 Tax Year 2021 Taxes City/County Tenant Pays Electric Terms Considered CashConventional Total Assessed Value 217917.00 Unit1 Monthly Income 2000.00 Unit2 Monthly Income 1400.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities CableElectricPublic Water Zoning R2(Cit

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8555 SW Commerce Centre
Port St. Lucie FL, 34986