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518 Biscayne Drive
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PRICED AT ONLY: $1,250,000

Address: 518 Biscayne Drive, West Palm Beach, FL 33401

Description

Upgraded 4 unit multifamily property in historic Flamingo Park. Qualifies for favorable owner occupant financing which allows the rental income to help qualify for the loan with as low as 5% downpayment.Impact windows throughout. Each unit has Central AC and updated electrical panels. Units include in unit washers and dryers, high ceilings, and tankless water heaters. A large backyard provides ample outdoor space for tenants. Durable flat roof (2016) and updated barrel tile roof. Plumbing is originally cast iron and much has been replaced with PVC.

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  • MLS#: RX-11052500 ( Quad Plex )
  • Street Address: 518 Biscayne Drive
  • Viewed: 20
  • Price: $1,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 0
  • Days On Market: 76

Description

Upgraded 4 unit multifamily property in historic Flamingo Park. Qualifies for favorable owner occupant financing which allows the rental income to help qualify for the loan with as low as 5% downpayment.Impact windows throughout. Each unit has Central AC and updated electrical panels. Units include in unit washers and dryers, high ceilings, and tankless water heaters. A large backyard provides ample outdoor space for tenants. Durable flat roof (2016) and updated barrel tile roof. Plumbing is originally cast iron and much has been replaced with PVC.
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Features
Building and Construction
  • Absolute Longitude: 80.056676
  • Construction: Frame
  • Exterior Features: Auto Sprinkler
  • Flooring: Ceramic Tile, Wood Floor
  • Roof: Barrel, Built-Up, Tar/Gravel
  • Sqft Source: Tax Rolls
  • Sqft Total: 3612.00
  • Total Building Sqft: 3372.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre
  • Lot Dimensions: 50.0 ft x 125.0 ft
  • Subdivision Information: Basketball, Bike - Jog, Dog Park, Fitness Trail, Park, Playground, Tennis
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: 2.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Utilities: Cable, Electric, Public Sewer, Water Available
Finance and Tax Information
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 65000.00
  • Income Expenses Annual Total Expense: 40000.00
  • Income Expenses Gross Operating Inc: 105000.00
  • Source Of Expenses: Other
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Cable, Electric
Other Features
  • Avail Info: Leases
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: FLAMINGO PARK LT 3 BLK 19
  • Parcel Id: 74434328060190030
  • Possession: At Closing
  • Views: 20
  • Zoning: SF14(c
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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