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1006 10th Street
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PRICED AT ONLY: $725,000

Address: 1006 10th Street, West Palm Beach, FL 33401

Description

GREAT INVESTMENT OPPORTUNITY!!! 8 9% gross cap% with potential for more. Long term tenants in three units on 12 month leases and one vacant unit with an interested prospect already (see rental listing) Professionally managed by OCS LLC. Concrete wall added 2022 making it a gated building for the tenants. Central air in all units, new HVAC system in unit 2 and 3. CBS building, recently passed city of WPB code inspection & rental license in place. Bottom units have private rear courtyard (potential to up the rent in these units!) This building is your key to a ground floor opportunity in a rapidly growing area. Management company can stay on at your discretion.

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  •   Principal & Interest $3,008
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance$0
  •   Monthly $4,035
Virtual Tour
More Like This
  • MLS#: RX-11020873 ( Quad Plex )
  • Street Address: 1006 10th Street
  • Viewed: 1
  • Price: $725,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 199

Description

GREAT INVESTMENT OPPORTUNITY!!! 8 9% gross cap% with potential for more. Long term tenants in three units on 12 month leases and one vacant unit with an interested prospect already (see rental listing) Professionally managed by OCS LLC. Concrete wall added 2022 making it a gated building for the tenants. Central air in all units, new HVAC system in unit 2 and 3. CBS building, recently passed city of WPB code inspection & rental license in place. Bottom units have private rear courtyard (potential to up the rent in these units!) This building is your key to a ground floor opportunity in a rapidly growing area. Management company can stay on at your discretion.
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Features
Building and Construction
  • Absolute Longitude: 80.062059
  • Construction: CBS, Concrete
  • Exterior Features: Fence, Shutters
  • Flooring: Ceramic Tile, Tile
  • Roof: Comp Shingle
  • Sqft Source: Tax Rolls
  • Sqft Total: 3180.00
  • Total Building Sqft: 2852.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre
  • Subdivision Information: None
School Information
  • Elementary School: Roosevelt Elementary School
  • High School: Forest Hill Community High School
  • Middle School: Conniston Middle School
Eco-Communities
  • Private Pool: No
  • Storm Protection Panel Shutters: Complete
  • Waterfront Details: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central
  • Heating: Central
  • Number Of Stories: 2.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Utilities: Cable, Electric, Public Sewer, Public Water
Finance and Tax Information
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 44000.00
  • Income Expenses Annual Total Expense: 18000.00
  • Income Expenses Gross Operating Inc: 59400.00
  • Source Of Expenses: Other
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Cable, Electric, Water
Other Features
  • Avail Info: Accounting, Deposit Security, Leases, Service Contracts
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: FRESHWATER ADD TO WPB AMNDED N 1/2 OF LT 2 BLK 15
  • Spa: No
  • Multiple Ofrs Acptd: Yes
  • Parcel Id: 74434316010150022
  • Possession: At Closing
  • Special Assessment: No
  • Zoning: NWD-2(
Nearby Subdivisions
Belle Vue Add To Wpb   Bonnyview   Carlberg Court Add 1   Cityside Condo   Clows   Clows Add   Clows Add To Wpb   Clows Addition   Flamingo Park   Flamingo Park In   Freshwater Add To Wpb   Freshwater Add To Wpb Amd Pl O   Grandview Heights   Gruber Carlberg   Mercer Park   Sunshine Park Add 1   West Palm Beach   Zimmermans Repl West Gate  
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  3. kevin@fclrealestate.com
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