401 Southwind Drive #RX-10698986 - Palm Beach County Real Estate Artboard 1? alert-icon? Artboard 1? ? ? delete-icon? edit-icon? email-icon hide-hover-icon? Artboard 1? login-icon-white Artboard 1? next-icon-left next-icon-right-left next-icon-left-ochre next-icon next-icon-right-grey next-icon-right-ochre plus-with-circle-iconP search-fw-icon? search-icon-ochre search-icon-white

$3,000,000 USD

$3,000,000

10,304 Sqft Disagree?

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$3,000,000

10,304 Sqft

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Property Highlights

  • MLS# : RX-10698986
  • Listing Type : Commercial
  • Year Built : 1968
  • Days on Market : 229
  • Property Type : MultiFamily (5+ Units)
  • Zoning : R3
  • Status : Active
  • Total Area : 10,304 sqft ($292/sqft)
  • Construction : CBS
  • Complex : North Palm Beach Village Of 3
  • Property Sub Type : Free Standing, Resident. Multi-Fam.
  • View Property History
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Admirals cove is one of Jupiter, Florida's finest private gated communities in Palm Beach Country and one of Florida's premier golf and yachting addresses.

Property Details

Fully Remodeled, New Everything, 8 Unit Apartment Building, Each Unit Separate Electric and Water Meters. Each Unit has 3 Bedrooms and 2 Bathrooms with Balconies and/or Fenced in Yards. Income and Expenses on MLS under Documents. NOI = $179,000 Cap Rate = 6% @ Full Purchase Price, with Room to Raise Rents. All Tenants On Annual Leases, with Rent Increases Scheduled Annually Per Lease. Each Tenant was screened and Paid $6,300 or More w/ Pet Fee at Move In, 1st Month, Last Month, & 1 Month Deposit. This is a Great Building that will require No Work as over $500,000 was put into the building in the start of 2020, As you see the Photos. Every Unit looks like the photos completely redone & Balconies Look onto the Water, 1st Floor Patios have Fenced yards.

General Information
  • Acres: 0.35
  • Cooling: Ceiling Fan, Central
  • Heating: Central
  • Roof: Tar/Gravel
  • Total Units in Building: 8
  • Zoning: R3
  • Carport Spaces: 8
  • Flooring: Ceramic Tile
  • Pool: 8 Unit Building
  • Stories: 2
  • Utilities: Cable, Electric, Public Sewer
  • Carport Spaces: 8
  • Flooring: Ceramic Tile
  • Pool: 8 Unit Building
  • Stories: 2
  • Utilities: Cable, Electric, Public Sewer
Fees and Membership
  • Membership Equity: Yes
  • Tax Year: 2020
  • Tax Amount: $24,984
  • Tenant Pays: Common Area Maint., Electric, Water
  • Tax Amount: $24,984
  • Tenant Pays: Common Area Maint., Electric, Water

Listing Courtesy of Palm Beachers Realty LLC.

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Jeff Lichtenstein's Echo Fine Properties

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ECHO FINE PROPERTIES

C 561-500-3246

O 561-500-3246

F 561-277-2500

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