- Price$ 315,000
- LocationFL / West Palm Beach
- Area2520 sqft
- Year Build1961
Property DescriptionLong-term tenants with below market rent on two of the three units. Current monthly gross is $3,200 potential monthly gross is $3,550, annual current gross income is $38,400, potential annual gross income is $42,600. Operating expenses are property taxes : $3,442 property insurance (optional ) $1,943, general liability (optional) $458, lawn $900 a year total expenses $6,743. 69 current net annual income is $31,656, potential net annual income is $35,856. Actual cap rate is 8. 50%, potential cap rate is 9. 56%.
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Unless otherwise noted, all property information regarding homes for sale in West Palm Beach FL and West Palm Beach realty in Town of West Palm Beach is obtained from public records and/or provided by MVRealty.
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