4 Plex Mulberry
FULLY RENTED OVER $100K GROSS REVENUE CORNER LOT OFF MAIN STREET
Marketing description
RARE MULTI FAMILY OPPORTUNITY. NEW ROOFS. Minutes from Palm Beach State College, John Prince Park, beaches, JFK Medical Center, and I-95 RARE OPPORTUNITY.
TWO DUPLEXES CBS construction, located on .31 Acres CORNER LOT directly off of Melaleuca. GROSS REVENUE of $100,800. RENTS ARE BELOW MARKET VALUE.
Each unit has 2 Bedrooms and 1 Bathroom and is approximately 924 square feet. Every unit has their own washer & dryer along with their own central AC. Each unit has one exterior parking spot and property comes with 2 additional GUEST parking spots.
All units are currently rented and are now on month to month but have been there for a couple of years. All 4 units are rented at $2,100 a month with one tenant receiving a $150 discount for maintaining the lawn. Water & Electric is included in the rents BUT there are separate water and electric meters.
Centrally located near all amenities including Publix right up the street. Assumable FHA Mortgage at 2.87% with approximately $535,000 balance remaining
Investment highlights
Centrally located near JFK Hospital as well as Palm Beach State School and minutes from I-95. $100,800 GROSS REVENUE
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