Bought with Lara Real Estate Group
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752 Dr Martin Luther King Jr BLVD 1 Riviera Beach, FL 33404
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Key Details
Sold Price $630,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,944 sqft
Price per Sqft $324
Subdivision Inlet City
MLS Listing ID RX-10950184
Sold Date 05/01/24
Bedrooms 4
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1930
Annual Tax Amount $5,375
Tax Year 2023
Lot Size 0.356 Acres
Property Description
Solid income producing property with add value potential. Unique 5 unit close to the Port of Palm Beach. Large corner lot with flexible commercial zoning. 3 out of the 5 are guaranteed rents. other 2 units are month to month. 9% cap on gross income. Located in CRA and Opportunity Zone. This area has appreciated over 30% in the last 2 years and is continuing to grow.
Location
State FL
County Palm Beach
Area 5280
Zoning CG(cit
Interior
Heating Other
Cooling Wall-Win A/C
Flooring Ceramic Tile
Exterior
Exterior Feature Fence
Utilities Available Cable, Electric
Amenities Available None
Waterfront Description None
Roof Type Comp Shingle
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre, West of US-1
Story 1.0
Foundation CBS, Frame, Mixed
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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