Waterfront
Address
1163 Lake Terry Drive West Palm Beach, FL
Price
$ 609,000
Property Attributes
  • MLS#RX-10637492
  • TypeMulti-Family
  • CountyPALM BEACH
  • CityWest Palm Beach
  • Area5580
  • NeighborhoodSt Andrews Palm Beach
  • Zip33411
  • StyleQuad Plex
  • Year Built1991
  • Taxes1570
  • Price$ 609,000
  • Bedrooms11
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage3240
Listing Provided Courtesy Of:
Sterling Real Estate Group LLC
Data Source:
Beaches MLS
Property Description

CASH ONLY - 4 Condo Units-High Return for sale in the same complex. There are 3- 3beds 2bath & 1- 2Beds 1Bath. Fully occupied. Priced to sell-Currently yielding 8.1% NET! Numbers are always a priority, but the longevity of how those numbers will maintain itself are just as important. That's why the owner has spend time and resources on renovating every single unit. All carpets and original set up have been removed. Every unit has been replaced with either grade A impermeable vinyl wood flooring or tile. All kitchens have been redone to fit the best structure and return for each apartment, most A/C units are newer than 4 years old (there are no originals). This is part of 24 units portfolio that can also be purchased. All numbers are ACTUAL.

Price History
7/10/2020 Listed $599,000

General Features

Adult 55+ No Hopa
Application Fee 100.00
Area 5580
Auction No
Construction CBS, Concrete
Cooling Central
Exterior Features None
Flooring Tile, Vinyl Floor
Geo Area PB24
Geo Lat 26.697391
Geo Lon -80.1707
HOA Mandatory
HOA/POA/COA (Monthly) 323.00
Heating Central
Legal Description ST ANDREWS AT PALM BEACH
Maintenance Fee Incl Common Areas, Insurance-Bldg, Insurance-Interior, Lawn Care, Maintenance-Exteior, Management Fees, Pest Control, Pool Service, Roof Maintenance, Security, Sewer, Trash Removal, Water
Possession At Closing
Property Type B
REO No
Restrict Buyer Approval
Roof Concrete Tile
Short Sale No
Source Of Expenses Books, Owner, Tax Return
Status Active
Stories 2.0
Subdivision ST ANDREWS PALM BEACH
Tax Year 2020
Taxes 1570.00
Tenant Pays Electric
Terms Considered Cash
Type Quad Plex
Utilities None
Virtual Tour https://www.propertypanorama.com/1163-Lake-Terry-Drive-West-Palm-Beach-FL-33411/unbranded
Waterfront Lake
Waterfront Yes
Year Built 1991
Zoning CONDO

Interior Features

SqFt - Living 3240.00
Unit 1 Desc A/C Unit, Microwave, Range - Electric, Refrigerator, Split Bedrooms
Unit 2 Desc A/C Unit, Microwave, Range - Electric, Refrigerator, Split Bedrooms

Exterior Features

Carport Spaces 0.00
Lot Description 10 to <25 Acres
Private Pool Y/N No
Subdiv Amenities Basketball, Clubhouse, Play Area, Pool
Unit 1 Parking Space Parking
Unit 2 Parking Space Parking

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33411

Price
AVG $610K
$610K
Taxes
AVG $1,570
$1,570
Visits
AVG 264
265
Year Built
AVG 1991
1991

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