Duplex in West Palm – 305 3rd St, Lake Park, FL 33403 Sold

305 3rd St, Lake Park, FL 33403   West Palm Beach County

Large Corner Duplex in Lake Park. Great investment income property. The property is CBS construction, 1,900+ sq ft, new flooring, sits on a large 8,394 sq ft corner lot and features a 2/2 unit + 2/1 unit.

The 2/2 unit has central air conditioning and the 2/1 unit has wall A/C.  Roof is solid with no leaks and is in good condition.  2 electric meters and 1 water meter.  Good neighborhood with single family homes selling from $250K to $350K.  The property is located in an Opportunity Zone.  This property has city water and sewer.

Income
Excellent rental property with plenty of upside to increase rent.  The larger unit can easily be converted to a 3 bedroom.
The 2/2 unit projected rental income ($1,450/mo market rent).
The 2/1 unit projected rental income  ($1,250/mo market rent).

West-Palm-Beach-Duplex-Property-Report-c3CRQ

Expenses
2018 Property Taxes – $3,765
Water Bill – $1,440 ($120/mo)
Lawn service – $60./mo.

Palm Beach County
Property ID# 36-43-42-20-01-069-0470

COMPS (closed sales) 

9410 Sun Ct. West Palm Beach Sold 1/10/20 for 277k  2,014 sf

1321 W 26th Riviera Beach Sold 1/2020 for 298k 1,872 sf

359 Greenbriar Dr. Sold 12/5/2020 for 325k  2,221 sf

RENTAL COMPS (closed rentals)
105 2nd St #5 – 2/2 $1,475/mo
434 Foresteria Dr – 2/2 $1,700/mo
137 Hawthorne Drive #B – 2/1 $1,300/mo
533 W Jasmine Drive #5 – 2/1 $1,400/mo
533 W Jasmine Drive #4 – 2/1 $1,300/mo

Call or text  Dave Macri,  Licensed Real Estate Broker 954-295-5248

Property is easy to show anytime.

Offer can be emailed to Reusainc@aol.com