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$535,000
$550,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
1,632 SqFt
SOLD DATE : 12/30/2024
Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,632 sqft
Price per Sqft $327
Subdivision Colonial Estates
MLS Listing ID F10462648
Sold Date 12/30/24
Style Duplex
Construction Status Resale
HOA Y/N No
Year Built 1940
Annual Tax Amount $8,445
Tax Year 2023
Property Description
518 and 524 Palmetto St. Turnkey and income producing property in highly desireable Colonial Estates. This investment opportunity includes 2 separate buildings, both fully rented. The first building is a 2 bedroom, 1 bathroom single family home. The second building is a 2 bedroom, 2 bathroom single family home. This investment offers true flexibilty. It can be used as a long term rental property or the location would make a great short term rental property. For a lower down payment, the owner can occupy one of the buildings and realize huge rewards. There are so many possibilities with this inome producing opportunity. Professionally managed and well maintained since the current owners purchased means very little hassle for the new owner(s). Separate laundry area shared by both units.
Location
State FL
County Palm Beach County
Community Colonial Estates
Area Palm Beach 5420; 5430; 5440
Zoning SF7
Interior
Heating Heat Pump/Reverse Cycle
Cooling Ceiling Fans, Central Cooling
Flooring Ceramic Floor, Wood Floors
Exterior
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Aluminum Siding, Frame Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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