PRICED AT ONLY: $1,200,000
Address: 4338 Forest Road, West Palm Beach, FL 33406
Description
Exceptional investment opportunity! QUADPLEX PLUS LAND LOT! This updated quadplex with no HOA offers impact windows throughout plus separate water & electric meters for each unit. The property is 100% occupied with great tenants, generating a super strong cap rate!Included in the sale is the adjacent vacant land lot 0 Preston Dr, bringing the total combined lot size to over half an acre. This prime land unlocks tremendous upside potential for future development, additional units, or value add opportunities in a high demand rental market.Whether you're looking for steady rental income, expansion opportunities, or a high performing asset in a sought after location, this property checks all the boxes. Don't miss out on this rare multifamily + land package!
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- MLS#: RX-11065545 ( Quad Plex )
- Street Address: 4338 Forest Road
- Viewed: 3
- Price: $1,200,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1988
- Bldg sqft: 0
- Days On Market: 187
- Additional Information
- Geolocation: 26.6609 / -80.1101
- County: PALM BEACH
- City: West Palm Beach
- Zipcode: 33406
- Subdivision: Bergantino Est
- Building: Bergantino Estates
- Provided by: The Keyes Company
- Contact: David C Joseph
- (561) 405-4960
- DMCA Notice
Features
Building and Construction
- Absolute Longitude: 80.110086
- Construction: CBS
- Exterior Features: Covered Patio, Exterior W/D Hookup, Fruit Tree(s)
- Flooring: Ceramic Tile, Marble, Tile
- Roof: Comp Shingle
- Sqft Source: Tax Rolls
- Sqft Total: 4116.00
- Total Building Sqft: 3084.00
Property Information
- Property Condition: Resale
- Property Group Id: 19990816212116581394000000
Land Information
- Lot Description: 1/2 to < 1 Acre, 1/4 to 1/2 Acre
- Subdivision Information: None
Eco-Communities
- Private Pool: No
- Storm Protection Impact Glass: Complete
- Waterfront Details: None
Utilities
- Carport Spaces: 0.00
- Cooling: Central
- Heating: Central
- Number Of Stories: 1.0
- Separate Elec Meters: Yes
- Separate Wtr Meters: Yes
- Utilities: Septic
- Window Treatments: Impact Glass
Finance and Tax Information
- Homeowners Assoc: None
- Income Expenses Annual Net Oper Inc: 71683.94
- Income Expenses Annual Total Expense: 15316.06
- Income Expenses Gross Operating Inc: 87000.00
- Source Of Expenses: Owner
- Tax Year: 2024
Rental Information
- Tenant Pays: Cable, Electric, Water
Other Features
- Avail Info: None
- Country: United States
- Housing For Older Persons Act: No Hopa
- Legal Desc: REPLAT OF BERGANTINO ESTATES E 25 FT OF LT 63 & LT 64
- Parcel Id: 00424412020000631
- Possession: At Closing, Funding
- Special Info: Sold As-Is
- View: Other
- Zoning: RM
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****6 unit multifamily property in South Florida.**** CITY WATER** NO SEPTIC!!!!The property consists of three separate buildings on one parcel: Front triplex with two 1 bed/1 bath units and one 3 bed
- Provided by The Keyes Company
- Contact Michael J Johnston
- (561) 220-0550
- Provided through
- DMCA Notice
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
