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125 Inlet Way 1, Palm Beach Shores, FL 33404

$5,000,000
Property Type: Comm/Industry Baths: 12 Square Footage: 6,718 Status: Closed
Current Price: $5,000,000 Last Modified: 6/12/2023

Description

New roof new, AC, electric, refrigerators, new landscaping and freshly painted inside and out This 12 unit Pool Apartment Building located within 1 block on the Atlantic Ocean and across the street from the Plam Beach Inlet. There are 9 one bedroom units, and 3 studios. 1 Laundry room w/ 2 washers and Dryers, Office, and an Inground Swimming POOL plenty of room for basketball volleyball or tiki hut. There are new seperate electric meters for each unit plus a house meter. The building sits on one of the largest double lots in Palm Beach Shores. A Rare Triplenet Revenue Making Opportunity! 24,000 per month

More Information MLS# RX-10835105

Contract Information

Auction: No List Price/Bldg SqFt: 908 Status: Closed Original List Price: 25000 Sold Price: $5,000,000 Current Price: $5,000,000 Listing Date: 2022-09-28

General Property Description

For Sale: Yes For Lease: No Property Desc: 12 unit apartment Acres: 0.49 SqFt Source: Appraisal # of Stories: 2 Total Units: 12 % Air Conditioned: 100 Type: Hotel-Motel Subdivision: PALM BEACH SHORES Year Built: 1962 SqFt - Living: 6718 Baths - Total: 12

Location, Tax & Legal

Geo Area: PB28 Country: United States State/Province: FL Tax Year: 2021 Zoning: DISTRI Real Estate Taxes: 43571.1 Multiple Ofrs Acptd: Yes Area: 5240 County: Palm Beach Parcel ID: 54434227040000050 Street #: 125 Street Name: Inlet Street Suffix: Way Unit #: 1 Zip Code: 33404 Legal Desc: PALM BEACH SHORES LTS 5 & 6 Geo Lat: 26.77492 Geo Lon: -80.034592

Remarks & Misc

Directions: Blue Heron or Ocean Drive to Lake Drive, south to Inlet Way, east to bldg

Office/Member Info

DXORIGMLNO: RX-10835105 DXORIGMLSID: RML

Status Change Info

Terms of Sale: Conventional Sold Price/Bldg SqFt: 744.26 Under Contract Date: 2023-03-09 Sold Date: 2023-06-07 Sold Price: $5,000,000

Location

Beach Area: 1

Type of Building

Income: 1 Resident. Multi-Fam.: 1

Sale Includes

Building and Land: 1 Fixtures: 1 Furniture: 1 Inventory: 1

Avail Info

Photos: 1

Construction

Concrete: 1

Avail Docs

Appraisal: 1

Cooling

Ceiling Fan: 1 Wall-Win A/C: 1

Heating

Electric: 1

Tenant Pays

Common Area Maint.: 1 Insurance: 1 Repairs: 1 Taxes: 1

Miscellaneous 1

Fenced: 1

Use

Hotel/ Motel: 1 Income: 1 Mixed: 1

Miscellaneous 2

Pool: 1

Flooring

Ceramic Tile: 1

Utilities

101-200 Amp: 1

Fire Protect

Smoke Detector: 1

Roof

Built-Up: 1

Terms Considered

Cash: 1 Conventional: 1

Possession

Negotiable: 1

Lease

4-6 Years: 1 7-10 Years: 1

Contingencies

None: 1

Property Features

Use: Hotel/ Motel; Income; Mixed Type of Building: Income; Resident. Multi-Fam. Construction: Concrete Location: Beach Area Sale Includes: Building and Land; Fixtures; Furniture; Inventory Avail Docs: Appraisal Miscellaneous 1: Fenced Miscellaneous 2: Pool Flooring: Ceramic Tile Cooling: Ceiling Fan; Wall-Win A/C Heating: Electric Fire Protect: Smoke Detector Tenant Pays: Common Area Maint.; Insurance; Repairs; Taxes Utilities: 101-200 Amp Roof: Built-Up Terms Considered: Cash; Conventional Lease: 4-6 Years; 7-10 Years Possession: Negotiable Contingencies: None
Listing Office: Logan Realty Inc
Last Updated: June - 12 - 2023
125 Inlet Way 1, Palm Beach Shores, FL 33404- MLS# RX-10835105
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.
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