Access Our List Of Discounted Invested Properties Today | Get Started >
  • This field is for validation purposes and should be left unchanged.

5020 Norma Elaine Rd West Palm Bch FL 33417 Assigned

  • $733,900
  • 8 beds
  • 5 baths
  • 3,320 sqft
Assigned

5020 Norma Elaine Rd West Palm Bch FL 33417

8 Bedroom 5 Bath Legal Triplex
with 3,320 living Sq ft
Built in 1989 on a 12,946 Sq ft Corner lot.
Very well maintained property.
Unit 1:
3 Bedrooms and 2 Bathrooms.
Currently undergoing a full rehab
with high end materials to fetch
higher rents.
Unit 2:
3 Bedrooms and 2 Bathrooms.
Recently fully updated with high end materials
Month to month tenants.
Unit 3:
2 Bedrooms and 1 Bathroom.
Month to month “Handyman” tenants.
Expenses –
Taxes : $5,581/yr
Insurance: $ 1,150/yr
Lawn Care $0 [tenants responsibility]
Septic maintenance: $400/yr
Total: $7,131/yr
Current Income –
2 / 1 : $1,650/m
3 / 2 : $1,750/m
3 / 2 : ($2,300/m)
Total: $5,700/m
Annual Gross income: $68,400/yr
NOI – $61,269
Cap Rate – 8.39 %
Potential Income –
2 / 1 : $1,800/m
3 / 2 : $2,300/m
3 / 2 : $2,300/m
Total: $6,400/m
Annual Gross income: $76,800/yr
NOI – $69,669
Cap Rate – 9.54%
Seller is the source of the Expenses & Rent rolls
Property can be vacant at closing.
Showing by appointment only
Cash or Hard Money Only!!!

Available on 03.01.2022

Don’t let this excellent opportunity pass you by! Get it yours now!

Make An Offer On This Property

  • This field is for validation purposes and should be left unchanged.

DISCLAIMER: Florida Investor Deals does not own these properties nor does Florida Investor Deals hold itself out to represent the owners of these properties. These are not Florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. Florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members. Florida investor deals does not hold direct contract with the owner of this property

The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the property at the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement

Price:
$733,900
Address:
5020 Norma Elaine Rd
West Palm Bch, Florida 33417
Square Feet:
3,320
Lot Size:
12,946 Sq ft
Bedrooms:
8
Bathrooms:
5
Terms:
Assignment of Contract
Property Type:
Triplex
Year Built:
1989

Additional Features

5020 Norma Elaine Rd West Palm Bch FL 33417 8 Bedroom 5 Bath Legal Triplex with 3,320 living Sq ft Built in 1989 on a 12,946 Sq ft Corner lot. Very well maintained property. Unit 1: 3 Bedrooms and 2 Bathrooms. Currently undergoing a full rehab with high end materials to fetch higher rents. Unit 2: 3 Bedrooms and 2 Bathrooms. Recently fully updated with high end materials Month to month tenants. Unit 3: 2 Bedrooms and 1 Bathroom. Month to month "Handyman" tenants. Expenses - Taxes : $5,581/yr Insurance: $ 1,150/yr Lawn Care $0 [tenants responsibility] Septic maintenance: $400/yr Total: $7,131/yr Current Income - 2 / 1 : $1,650/m 3 / 2 : $1,750/m 3 / 2 : ($2,300/m) Total: $5,700/m Annual Gross income: $68,400/yr NOI - $61,269 Cap Rate - 8.39 % Potential Income - 2 / 1 : $1,800/m 3 / 2 : $2,300/m 3 / 2 : $2,300/m Total: $6,400/m Annual Gross income: $76,800/yr NOI - $69,669 Cap Rate - 9.54% Seller is the source of the Expenses & Rent rolls Property can be vacant at closing. Showing by appointment only Cash or Hard Money Only!!!

Call (954) 280-5883 for more details

Property Location