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Kevin Mecabe

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  4. 727-731 5th Street N, Lantana, FL 33462
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PRICED AT ONLY: $1,150,000

Address: 727-731 5th Street N, Lantana, FL 33462

Description

Amazing Location! Stunning fourplex located in East Lantana. Two separate buildings located on two separate parcels with ample parking spaces. Each building features a 2 bedroom, 1 1/2 bathroom and a 1 Bedroom, 1 Bath unit, tile throughout. One of the units has been fully remodeled and the other 3 are in original condition with long term tenants in place. All units are on month to month leases paying under market rent $1500 per month for 1 Bedrooms and $1650 per mont on the two bedroom units. Seller financing is offered with 30% down, 9% interest rate, amortized over 30 years with a 5 year balloon, buyer needs to provide personal financial statement as well as the last two years tax returns.

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  •   Principal & Interest $4,771
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance$0
  •   Monthly $6,400
More Like This
  • MLS#: RX-11016163 ( Quad Plex )
  • Street Address: 727-731 5th Street N
  • Viewed: 1
  • Price: $1,150,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1978
  • Bldg sqft: 0
  • Days On Market: 217

Description

Amazing Location! Stunning fourplex located in East Lantana. Two separate buildings located on two separate parcels with ample parking spaces. Each building features a 2 bedroom, 1 1/2 bathroom and a 1 Bedroom, 1 Bath unit, tile throughout. One of the units has been fully remodeled and the other 3 are in original condition with long term tenants in place. All units are on month to month leases paying under market rent $1500 per month for 1 Bedrooms and $1650 per mont on the two bedroom units. Seller financing is offered with 30% down, 9% interest rate, amortized over 30 years with a 5 year balloon, buyer needs to provide personal financial statement as well as the last two years tax returns.
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Features
Building and Construction
  • Absolute Longitude: 80.055531
  • Construction: CBS, Concrete, Stucco
  • Exterior Features: Auto Sprinkler, Awnings, Fence, Room for Pool, Zoned Sprinkler
  • Flooring: Ceramic Tile
  • Roof: Comp Shingle
  • Sqft Source: Tax Rolls
  • Sqft Total: 3600.00
  • Total Building Sqft: 3200.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre, 1/4 to 1/2 Acre
  • Subdivision Information: None
Eco-Communities
  • Private Pool: No
  • Storm Protection Accordion Shutters: Partial
  • Storm Protection Panel Shutters: Partial
  • Waterfront Details: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Individual
  • Heating: Central, Electric
  • Number Of Stories: 1.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Utilities: Electric, Public Sewer, Public Water
Finance and Tax Information
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 60000.00
  • Income Expenses Annual Total Expense: 18000.00
  • Income Expenses Gross Operating Inc: 78000.00
  • Source Of Expenses: Owner
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Cable, Electric, Insurance, Repairs, Sewer, Water
Other Features
  • Avail Info: Deposit
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: MANTYHARJU LOT 2 TR 2
  • Parcel Id: 40434434090020020
  • Possession: At Closing
  • Zoning: R15(ci
Nearby Subdivisions
Greynolds Highlands Unit 01   Greynolds Highlands Unit 1   Lantana   Lantana Amnded Plat In   Mantyharju Lantana  
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Contact Info

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  1. Florida Coastal Living
  2. 561.420.8686
  3. kevin@fclrealestate.com
Kevin Mecabe

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