1015 & 1017 Adams St, West Palm Beach, FL 33407

1015

1017

Only $1,139,900

Now $1,099,900

$$ONCE IN A LIFE TIME DEAL IN BOOMING WPB$$ 

SHOWING SOON CALL FOR RSVP!

or

SFH (3/1) & Quadruplex (All Units are 2/1's)

Property Use: 08 / MULTI-FAMILY LESS THAN 10

Land Use: MULTI-FAMILY LESS THAN 10 (08)

Zoning: SF11 (city)/SINGLE FAMILY RESIDENTIAL DISTRICT

SFH living area: 1,440 SF

Quad: 2,880 SF

Lot Size: 0.1653 acres / 7,200 sf

Front and back: (80ft)

Sides: (90ft )

2022 taxes: $10,104.52

~ Cash flow opportunity ~

Located in "TAMARIND PARK" Subdivision

Main House: 3/1:

Main house lease will be up at the end of December 2024 (tenant is section 8)

Rented out for $2,650, section 8, tenant pays $297

Central A/C - Serviced Dec

Original windows from the 40's single hung windows

metal roof 

Quadruplex: 2 of the tenants are section 8, 

All units are on 1 year lease.

Unit #1 Just signed 1 year Lease - Unit has been completely renovated

Rented out for $1,650

2 window A/C (2022)

Updated Windows not impact 

Unit #2 lease expires January 2025

Rented for $2,050, section 8, tenant pays $166

Kitchen has been renovated 

2 window A/C (2022)

Updated Windows not impact 

Unit #3-4 - Lease expires March 2025

Unit #3 rented for $1,900

Unit#4 rented for $2,000, section 8, tenant pays $404

Kitchens have been renovated 

2 window A/C (2022)

Updated Windows not impact 

Additional info on this deal:

Quadraplex has 5 electric meters and 1 water meter (New roof)

Main house own electric and water meter Seller charges tenants an additional $50 dollars to cover the bill for the 4-plex. Main house tenant pays her own utilites (water, electric, and gas). 

City Sewer

Local rents for 2/1's $1,980 a month 

Efficiencies rent out for $2,450 a month 

Great investment opportunity for savvy investors- just a few minutes from booming downtown WPB.

Tenant Occupied, Please call for Showing and do not Disturb tenants.

📞Call Mr. Direct 2 Seller (JC) @ 954-477-1466 for showing📞

1015

1017