PRICED AT ONLY: $999,000
Address: 1883 Smith Drive, North Palm Beach, FL 33408
Description
North Palm Beach Investment Opportunity. Turnkey income producing 4 unit multifamily property featuring three studio apartments and one 1 bedroom unit in a highly desirable North Palm Beach location. Short distance to Palm Beach State College, shopping, dining, and the beach, ensuring strong rental demand year round. Built with durable CBS construction, this property offers separate FPL meters, well water (no water bills), and a shared laundry room for tenant convenience. Units rent quickly and consistently, making this a solid cash flowing asset. Ideal for investors seeking steady returns or an owner occupant looking to live in one unit while renting the others. Don't miss this opportunity to own a reliable, low maintenance property in one of Palm Beach County's best rental markets.
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- MLS#: RX-11130701 ( Quad Plex )
- Street Address: 1883 Smith Drive
- Viewed: 2
- Price: $999,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1958
- Bldg sqft: 0
- Days On Market: 13
- Additional Information
- Geolocation: 26.8453 / -80.0627
- County: PALM BEACH
- City: North Palm Beach
- Zipcode: 33408
- Subdivision: Smith Arthur M And Emma D Sub
- Provided by: Douglas Elliman (Jupiter)
- Contact: Matthias Jay Fretz
- (561) 653-6100
- DMCA Notice
Features
Building and Construction
- Absolute Longitude: 80.062741
- Construction: CBS
- Exterior Features: Exterior W/D Hookup, Fence, Open Porch
- Flooring: Other, Vinyl Floor
- Roof: Comp Shingle
- Sqft Source: Tax Rolls
- Sqft Total: 1848.00
- Total Building Sqft: 1528.00
Property Information
- Property Condition: Resale
- Property Group Id: 19990816212116581394000000
Land Information
- Lot Description: < 1/4 Acre, East of US-1, Public Road
- Subdivision Information: Common Laundry
Eco-Communities
- Private Pool: No
- Storm Protection: None
- Waterfront Details: None
Utilities
- Carport Spaces: 0.00
- Cooling: Electric, Wall-Win A/C
- Heating: Electric
- Number Of Stories: 1.0
- Separate Elec Meters: Yes
- Separate Wtr Meters: Yes
- Utilities: Cable, Electric, Public Sewer, Well Water
Finance and Tax Information
- Home Owners Association poa coa Monthly: 0.00
- Homeowners Assoc: None
- Income Expenses Annual Net Oper Inc: 50000.00
- Income Expenses Annual Total Expense: 16000.00
- Income Expenses Gross Operating Inc: 66000.00
- Source Of Expenses: Owner
- Tax Year: 2024
Rental Information
- Tenant Pays: Cable, Electric
Other Features
- Avail Info: Other
- Country: United States
- Housing For Older Persons Act: No Hopa
- Legal Desc: ARTHUR M & EMMA D SMITH LT 17 & N 15 FT OF SMITH DR LYG S OF & ADJ TO
- Multiple Ofrs Acptd: Yes
- Parcel Id: 00434204010000170
- Possession: At Closing
- Special Assessment: No
- View: Garden
- Zoning: RH
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Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
