Multifamily in West Palm Beach, FL 33413Royal Palm Estates, 5655 Mango Rd
Share
Closed
3,600
SqFtStatus
Sold - May 08, 2023
Size
3,600 SqFt (334 m2)
Price
$254/SqFt ($2,736/m2)
Type
Multifamily
Built
1981
MLS Number
A11347603
On Site
1292 Days
Updated
18 Days ago
Page Views
0
Excellent Investment opportunity! This property is currently at a 5.5% CAP RATE with the potential to go above 8% CAP. This amazing fourplex is located in Royal Palm Beach County. Minutes from downtown West Palm Beach - dining, shopping, and entertainment including the world-renowned Kravis theater. Beautiful Florida beaches within a 5-minute driving distance and more! Each unit has 2 parking spaces, 2 bedrooms, 1 bath, and a large backyard. This property is fully rented below market rent; the new owner will have the chance to even increase the rent and receive more than 8% CAP.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Other
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Carpet
- Year Built: 1981
- Year Built Description: Resale
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2023-03-02T16:34:57.000-00:00
Taxes, Fees & More
- Taxes: 10669
Apples-to-Apples Comparables
Price History
Current
$915K
High
$950K
Low
$915K
Total Change
-3.7%Date
Event
Price
Change
Price Per
05/08/2023
Sold
$915K
-3.68%$254 ft2
$2,736 m2
02/23/2023
Listed
$950K
 $264 ft2
$2,840 m2
05/08/2023
$915K
Event
Sold
Change
-3.68%Price Per
$254 ft2
$2,736 m2
02/23/2023
$950K
Event
Listed
Price Per
$264 ft2
$2,840 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Orelvys Sanabria • Coldwell Banker Realty • Buyer Agency Compensation .
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Scores
11
100
35
100
76
100
7
100
29
100
0
100
Community Snapshot
3 – 3 BR
Bedrooms
$449K – $785K
Price Tier
648 - 4,320
SqFt Range
1974
Year Build
1
Total Floors
Subdivision Amenities
None
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