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    264 Seminole Avenue

    Palm Beach, FL 33480
    • $4,350,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: RX-10627606
    UPDATED: 68 min ago
    $4,350,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,460
      SQFT
    • $673
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:
    Area:

    School Ratings & Info

    Description

    Fully Leased! Income generating from day 1. This 16 unit multifamily building is located in the center of town. The 16 units are spread out across 4 unique buildings. The units consist of a mix of studio, Jr 1 bedroom, and 1 bedroom apartments as well as a free standing cottage. The lot has 100' of frontage on Seminole Avenue and is 116' deep with 11,600 sqft. Zoned RC - ( 50-PALM BEACH). This property is steps from the beach, lake trail, Publix, shopping and dining at the Meat Market Restaurant and on Royal Poinciana Drive and Plaza.

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    www.poshflorida.com/homes/106489243
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    264 Seminole Avenue Palm Beach, FL 33480

    • Price: $4,350,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: RX-10627606
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    6,460
    SQFT
    $673
    $/SQFT
    1922
    Built
    Neighborhood:
    Ocean Park H W Robbins
    County:
    Palm Beach
    Area:
    Palm Beach
    Property Description
    Fully Leased! Income generating from day 1. This 16 unit multifamily building is located in the center of town. The 16 units are spread out across 4 unique buildings. The units consist of a mix of studio, Jr 1 bedroom, and 1 bedroom apartments as well as a free standing cottage. The lot has 100' of frontage on Seminole Avenue and is 116' deep with 11,600 sqft. Zoned RC - ( 50-PALM BEACH). This property is steps from the beach, lake trail, Publix, shopping and dining at the Meat Market Restaurant and on Royal Poinciana Drive and Plaza.
    Exterior Features

    Carport Spaces 0.00 Construction FrameStucco Exterior Features Auto SprinklerCustom LightingExterior W/D HookupOpen BalconyOpen Patio Lot Description 1/4 To 1/2 AcreEast Of Us-1Public RoadSidewalks Lot Dimensions 100.0 Ft X 116.0 Ft Private Pool YN No Roof MixedOther Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Unit4 Parking Open Parking View GardenIntracoastal Waterfront Description None Waterfront YN No

    Interior Features

    Cooling OtherWall-Win A/C Flooring Ceramic TileLaminateOtherWood Floor Heating Other Unit1 Desc A/C Unit Unit1 Full Baths 1 Unit1 Furnished No Unit1 Info Efficiency Unit1 Sq Ft 0 Unit2 Desc A/C Unit Unit2 Full Baths 1 Unit2 Furnished No Unit2 Info Efficiency Unit2 Sq Ft 0 Unit3 Desc A/C Unit Unit3 Info Efficiency Unit3 Sq Ft 0 Unit4 Desc A/C Unit Unit4 Info Efficiency Unit4 Sq Ft 0

    Property Features

    Annual Net Operating Income 204660.00 Annual Total Expenses 78800.00 Available Info InventoryLeases Built Desc Resale Gross Operating Income 283460.00 Hoa Fee Per Month 0.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None Multifamily Type Quad Plex Possession At Closing REO No Restrictions Buyer Approval Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Special Info Sold As-IsSurvey Sq Ft Total 7280.00 Subdivision Amenities Bike - JogBike StorageBoatingSidewalksStreet LightsTennis Tax Amount 72441.60 Tax Year 2019 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 1450.00 Unit2 Monthly Income 1450.00 Unit3 Monthly Income 1450.00 Unit4 Monthly Income 1450.00 Utilities CableElectricPublic SewerPublic Water Zoning R-C(Ci

    Listing provided courtesy of Compass Florida Llc. Listing information © 2020 BeachesMLS
     
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