$1,875,000
1577 Hawthorne Place, A
Wellington, FL 33414
MLS# RX-10926835
5628 sqft
1577 Hawthorne Place, A, Wellington, FL 33414
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1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414 1577 Hawthorne Place, A, Wellington, FL 33414

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 feature 4-bedroom 2 bath with fenced in patio areas for each unit. Seller is also selling the 4plex on the next parcel located at 1567 Hawthorne. Seller will only sell all 8 units together for the asking price of 3.75 million. All 8 units have access to a private gated pool. Roof is 2023/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: 333.16
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: 1999
Number of Stories: 1
SqFt - Total: 5628
SqFt - Living: 5628
SqFt Source: Tax Rolls
Gated Community: No
Homeowners Assoc: None
Directions: West on Wellington Trace to Greenview Shores. Left on Greenview Shores, your first right, follow hawthorne place to properties on the 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: 73414404010680180
Street #: 1577
Street Name: Hawthorne
Street Suffix: Place
Unit #: A
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 18 BLK 68
Zoning: WELL_P
Tax Year: 2022
Taxes: 17234.1
Geo Lat: 26.658446
Geo Lon: -80.268878
Office/Member Info
DXORIGMLNO: RX-10926835
DXORIGMLSID: RML
Unit 1 Info
Bedrooms: 4
Full Bath: 2
Furnished: No
SqFt: 1397
Monthly Income: 1850
Lease Ends: 2024-11-01
Unit 2 Info
Bedrooms: 4
Full Bath: 2
Furnished: No
SqFt: 1397
Monthly Income: 2000
Lease Ends: 2025-06-01
Unit 3 Info
Bedrooms: 4
SqFt: 1397
Monthly Income: 2100
Lease Ends: 2025-06-01
Unit 4 Info
Bedrooms: 4
Full Bath: 2
SqFt: 1397
Monthly Income: 1925
Lease Ends: 2024-07-10
Income & Expenses
Gross Operating Inc: 170000
Annual Total Expense: 69658
Annual Net Oper Inc: 111342
Tenant Pays
Sewer: 1
Storm Protection
Panel Shutters: Complete
Property Features
Source of Expenses: Owner; Proforma
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; Smoke Detector; Split Bedrooms; W/D Hookup; Patio
Unit 1 Parking: Open Parking; Space Parking
Unit 2 Desc: A/C Unit; Cathed/Vault Ceiling; Dishwasher; Disposal; Electric Meter; Kitchen; Pantry; Refrigerator; Smoke Detector; Split Bedrooms; W/D Hookup; Patio
Unit 2 Parking: Open Parking; Space Parking
Unit 3 Desc: A/C Unit; Cathed/Vault Ceiling; Disposal; Electric Meter; Kitchen; Pantry; Range - Electric; Refrigerator; Smoke Detector; Split Bedrooms; W/D Hookup; Patio
Unit 3 Parking: Open Parking; Space Parking
Unit 4 Desc: A/C Unit; Cathed/Vault Ceiling; Dishwasher; Disposal; Electric Meter; Kitchen; Pantry; Range - Electric; Smoke Detector; W/D Hookup; Patio
Unit 4 Parking: Open Parking; Space Parking
Private Pool Description: Concrete; Inground; Salt Chlorination
Lot Description: 1/4 to 1/2 Acre; Paved Road
Exterior Features: Auto Sprinkler; Fence; Open Patio; Shutters
Subdiv. Amenities: Basketball; Bike - Jog; Park; Playground
Maintenance Fee Incl: None
Tenant Pays: Cable; Electric; Water
Restrict: None
Flooring: Ceramic Tile
Cooling: Central Individual
Heating: Central Individual
Roof: Comp Shingle
Terms Considered: Cash; Conventional
Utilities: Cable; Public Sewer; Public Water
Taxes: City/County
Avail Info: Deposit; Leases
Possession: At Closing; Funding

Listing Office: Realty Connection Link LLC

Last Updated: May - 06 - 2024

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Wednesday 15th of May 2024 03:38 PM

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