561$1,875,000
1567 Hawthorne PlaceWellington, FL 33414
MLS# RX-10926831
4320 sqft
1 / 23
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!
Details
Maps
Contract Information
Listing Date: 2023-10-11
Status: Active
Original List Price: 1875000
Auction: No
List Price: $1,875,000
Current Price: $1,875,000
List Price/SqFt: 434.03
Comm/Non-Rep: 3%
Comm/Buyer Agent: 3%
Comm/Trans Brk: 3%
General Property Description
Type: Quad Plex
Structure Type: Quadruplex
Total # of Units: 4
Property Condition: Resale
Year Built: 1990
Number of Stories: 1
SqFt - Total: 5200
SqFt - Living: 4320
SqFt Source: Tax Rolls
Gated Community: No
Garage Spaces: 4
Homeowners Assoc: None
Directions: West on Wellington Trace to Greenview Shores, left on Greenview Shores. First right onto Hawthorne Place. Follow around to buildongs on right
Subdivision: SUGAR POND MANOR OF WELLINGTON
Lot SqFt: 15000
Lot Dimensions: 100.0 ft x 0.0 ft
Waterfront: No
Private Pool: Yes
Pets on Premises: Yes
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location, Tax & Legal
Area: 5520
Geo Area: PB24
Country: United States
County: Palm Beach
Parcel ID: 73414404010680190
Street #: 1567
Street Name: Hawthorne
Street Suffix: Place
State/Province: FL
Zip Code: 33414
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
Multiple Ofrs Acptd: Yes
REO: No
HOPA: No Hopa
Legal Desc: SUGAR POND MANOR OF WELLINGTONLT 19 BLK 68
Zoning: WELL_P
Tax Year: 2022
Taxes: 14716.3
Special Assessment: No
Geo Lat: 26.658703
Geo Lon: -80.268987
Office/Member Info
DXORIGMLNO: RX-10926831
DXORIGMLSID: RML
Unit 1 Info
Bedrooms: 1
Full Bath: 1
Furnished: No
SqFt: 700
Unit 2 Info
Bedrooms: 3
Full Bath: 2
Furnished: No
SqFt: 1397
Monthly Income: 2600
Lease Ends: 2025-02-28
Unit 3 Info
Bedrooms: 3
Full Bath: 2
SqFt: 1397
Monthly Income: 1750
Lease Ends: 2024-09-01
Unit 4 Info
Bedrooms: 3
Full Bath: 2
SqFt: 1397
Monthly Income: 1750
Income & Expenses
Gross Operating Inc: 183300
Annual Total Expense: 69658
Annual Net Oper Inc: 111342
Storm Protection
Panel Shutters: Complete
Property Features
Source of Expenses: Owner
Construction: Block; CBS; Concrete
Waterfront Details: None
Unit 1 Desc: A/C Unit; Cathed/Vault Ceiling; Dishwasher; Disposal; Electric Meter; Kitchen; Pantry; Range - Electric; Refrigerator; Separate Dining; Smoke Detector; Split Bedrooms; Patio
Unit 1 Parking: Garage - Detached; Open Parking
Unit 2 Desc: A/C Unit; Cathed/Vault Ceiling; Dishwasher; Disposal; Electric Meter; Kitchen; Pantry; Range - Electric; Refrigerator; Smoke Detector; Split Bedrooms; W/D Hookup; Patio
Unit 2 Parking: Garage - Detached; Open Parking
Unit 3 Desc: A/C Unit; Cathed/Vault Ceiling; Dishwasher; Disposal; Electric Meter; Kitchen; Pantry; Range - Electric; Range - Gas; Refrigerator; Smoke Detector; Split Bedrooms; Patio
Unit 3 Parking: Garage - Detached; Open Parking; Space Parking
Unit 4 Desc: A/C Unit; Cathed/Vault Ceiling; Dishwasher; Disposal; Electric Meter; Kitchen; Pantry; Range - Electric; Refrigerator; Smoke Detector; Split Bedrooms; W/D Hookup; Patio
Unit 4 Parking: Garage - Detached; Open Parking; Space Parking
Private Pool Description: Concrete; Inground; Salt Chlorination
Lot Description: 1/4 to 1/2 Acre
Exterior Features: Fence
Subdiv. Amenities: Basketball; Bike - Jog; Park; Play Area; Playground; Sidewalks
Tenant Pays: Cable; Electric; Sewer; Sewer; Water
Restrict: None
Flooring: Ceramic Tile
Cooling: Central
Heating: Central
Roof: Comp Shingle
Terms Considered: Cash; Conventional
Utilities: Cable; Public Sewer; Public Water
Taxes: City/County
Avail Info: Accounting; Leases
Possession: At Closing; Funding
Listing Office: Realty Connection Link LLC
Last Updated: May - 06 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Wednesday 15th of May 2024 11:22 AM
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