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1567 Hawthorne Place

Wellington, FL 33414
  • $1,875,000
  • STATUS: Active
  • ON SITE: 219 Days
  • MLS #: RX-10926831
UPDATED: 61 min ago
$1,875,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,320
    SQFT
  • $434
    $/SQFT
Type:
Multi-Family
Built:
1990
County:
Area:

School Ratings & Info

Description

Do not visit property alone do not speak with tenants. Outstanding opportunity to purchase a 4-unit apartment building in Wellington, 4 units per parcel. Featuring 3-bedroom 2 bath with fenced in patio areas for each unit. One unit 1 Bedroom 1 Bath. Seller will only sell all 8 units together for an asking price of 3.75 million 1577 and 1567 Hawthorne. All 8 units have access to a private gated pool. Roof is 2018/2020/all AC's have been done between 1-4 years old. Property is right across the street from the new park, walking distance to shopping, restaurants etc. A+ schools make this property more desirable for renters! Great return on your investment! Rents are below market value! come in and raise the rents as needed! A must see!

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www.curatedresidences.com/homes/144289654
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1567 Hawthorne Place Wellington, FL 33414

  • Price: $1,875,000
  • Status: Active
  • On Site: 219 Days
  • Updated: 61 min ago
  • MLS #: RX-10926831
0
Beds
0
Baths
0
½ Baths
0.34
Acres
4,320
SQFT
$434
$/SQFT
1990
Built
Neighborhood:
Sugar Pond Manor Of Wellington
County:
Palm Beach
Area:
Wellington
Property Description
Do not visit property alone do not speak with tenants. Outstanding opportunity to purchase a 4-unit apartment building in Wellington, 4 units per parcel. Featuring 3-bedroom 2 bath with fenced in patio areas for each unit. One unit 1 Bedroom 1 Bath. Seller will only sell all 8 units together for an asking price of 3.75 million 1577 and 1567 Hawthorne. All 8 units have access to a private gated pool. Roof is 2018/2020/all AC's have been done between 1-4 years old. Property is right across the street from the new park, walking distance to shopping, restaurants etc. A+ schools make this property more desirable for renters! Great return on your investment! Rents are below market value! come in and raise the rents as needed! A must see!
Exterior Features

Carport Spaces 0.00 Construction BlockCBSConcrete Exterior Features Fence Lot Description 1/4 to 1/2 Acre Lot Dimensions 100.0 ft x 0.0 ft Private Pool Description ConcreteIngroundSalt Chlorination Private Pool YN Yes Roof Comp Shingle Storm Protection Panel Shutters Complete Unit1 Parking Garage - DetachedOpen Parking Unit2 Parking Garage - DetachedOpen Parking Unit3 Parking Garage - DetachedOpen ParkingSpace Parking Unit4 Parking Garage - DetachedOpen ParkingSpace Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Flooring Ceramic Tile Heating Central Unit1 Bedrooms 1 Unit1 Desc A/C UnitCathed/Vault CeilingDishwasherDisposalElectric MeterKitchenPantryPatioRange - ElectricRefrigeratorSeparate DiningSmoke DetectorSplit Bedrooms Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 700 Unit2 Bedrooms 3 Unit2 Desc A/C UnitCathed/Vault CeilingDishwasherDisposalElectric MeterKitchenPantryPatioRange - ElectricRefrigeratorSmoke DetectorSplit BedroomsW/D Hookup Unit2 Full Baths 2 Unit2 Furnished No Unit2 Sq Ft 1397 Unit3 Bedrooms 3 Unit3 Desc A/C UnitCathed/Vault CeilingDishwasherDisposalElectric MeterKitchenPantryPatioRange - ElectricRange - GasRefrigeratorSmoke DetectorSplit Bedrooms Unit3 Full Baths 2 Unit3 Sq Ft 1397 Unit4 Bedrooms 3 Unit4 Desc A/C UnitCathed/Vault CeilingDishwasherDisposalElectric MeterKitchenPantryPatioRange - ElectricRefrigeratorSmoke DetectorSplit BedroomsW/D Hookup Unit4 Full Baths 2 Unit4 Sq Ft 1397

Property Features

Annual Net Operating Income 111342.00 Annual Total Expenses 69658.00 Application Fee 0.00 Auction No Available Info AccountingLeases Built Desc Resale Gated Community No Gross Operating Income 183300.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Multifamily Type Quad Plex Possession At ClosingFunding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Sq Ft Total 5200.00 Subdivision Amenities BasketballBike - JogParkPlay AreaPlaygroundSidewalks Tax Amount 14716.30 Tax Year 2022 Taxes City/County Tenant Pays CableElectricSewerWater Terms Considered CashConventional Unit1 Monthly Income 0.00 Unit2 Lease Ends 2025-02-28 Unit2 Monthly Income 2600.00 Unit3 Lease Ends 2024-09-01 Unit3 Monthly Income 1750.00 Unit4 Monthly Income 1750.00 Utilities CableElectricPublic SewerPublic Water Zoning WELL_P

Listing provided courtesy of Realty Connection Link Llc: . Listing information © 2024 BeachesMLS
 
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