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Off market

Buy a multi-family propertyat 622 Bayberry Drive, Lake Park, FL 33403

$379,000

$0/mo

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Multifamily

2,190 Sq. Ft.

2,302 Sq. Ft. lot

775 Days on market

RX-10782902 MLS ID

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About 622 Bayberry Drive multi-family property

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!
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 details

Listing

Source: Palm Beach

Listing date: 2022-03-10

REO: No

Short sale?: No

$173 per square foot

Bathrooms

Unit 1 has 2 full bathrooms

Unit 2 has 1 full bathroom

Bedrooms

Unit 1 has 4 bedrooms

Unit 2 has 2 bedrooms

House

2,190 total living square feet

2,302 total square feet

Built in 1958

1 story

2 units in building

Year built description: Resale

Square footage source: Tax Rolls

Unit 1 is 800 square feet

Unit 2 is 1,600 square feet

Unit 3 is 0 square feet

Unit 4 is 0 square feet

CBS

Electric Meter

Patio

Range - Electric

Refrigerator

Split Bedrooms

Utility

A/C Unit

Electric Meter

Kitchen

Patio

Range - Electric

Refrigerator

Smoke Detector

Stack Bedrooms

Cooling

Ceiling Fan

Wall-Win A/C

Exterior Features

Awnings

Room for Pool

Floors

Ceramic Tile

Concrete

Heating

Window/Wall

Interior Features

Unit 1 furnished?: No

Unit 2 furnished?: No

Location

County: Palm Beach

Subdivision: KELSEY CITY

Lot

Lot dimensions: 75.0 ft x 135.0 ft

10,477 lot square feet

< 1/4 Acre

Paved Road

Sidewalks

Miscellaneous

Business type: None

Unit 1 monthly income: $2,000

Unit 2 monthly income: $1,400

Unit 3 monthly income: $0

Unit 4 monthly income: $0

Gross operating income: $42,000

Annual total expense: $6,900

Annual net operating income: $35,000

Electric

Cash

Conventional

Parking

Open Parking

Space Parking

Open Parking

Space Parking

Property

Property type: B

Zoning: R2(cit

Waterfront: No

Garden

None

Roof

Comp Shingle

Schools

Middle school: Howell L. Watkins Middle School

High school: Palm Beach Gardens High School

Elementary school: Lake Park Elementary School

Taxes

Real estate taxes: $4,900

Tax year: 2021

City/County

Utilities

0.00 meter

Cable

Electric

Public Water

Windows and Doors

Awning

Monthly cost

Estimated monthly cost

$2,668/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Tax history

Tax Assessment

$217,927

Property Tax

$5,910

Year

2022

Tax Assessment

$120,123

Property Tax

$3,709

Year

2019

Tax Assessment

$109,203

Property Tax

$3,594

Year

2018

Tax Assessment

$99,275

Property Tax

$3,376

Year

2017

Tax Assessment

$90,250

Property Tax

$3,097

Year

2016

YearProperty TaxTax Assessment
2022$5,910$217,927
2019$3,709$120,123
2018$3,594$109,203
2017$3,376$99,275
2016$3,097$90,250

Schools

This home is within the Palm Beach.

Lake Worth Beach & Lake Park & Belle Glade & Boynton Beach & Palm Beach Gardens & Pahokee & Canal Point & Delray Beach & Riviera Beach & West Palm Beach & North Palm Beach enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$356,260

+$11,370

$367,630

Seller agent commission$11,370 (3%)*

$0 (0%)

Buyer agent commission$11,370 (3%)*

$11,370 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $11,370 more selling your home
with an Unreal Estate agent

Start free MLS listing
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Unreal Estate checked: Aug 8, 2023 at 4:44 p.m.

Data updated: May 26, 2023 at 6:59 p.m.

Courtesy of Century 21 America's Choice/WPB
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
Listing Information © 2024 BeachesMLS, Inc. All Rights Reserved.

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