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1577 Hawthorne Place, A, Wellington, FL 33414

$1,875,000
Property Type: Residential Income Square Footage: 5,628 Status: Active
Current Price: $1,875,000 Last Modified: 4/08/2024

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!

More Information MLS# RX-10926835

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: 2100 Lease Ends: 2025-11-01

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: 2000 Lease Ends: 2025-07-10

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: April - 08 - 2024
1577 Hawthorne Place, A, Wellington, FL 33414- MLS# RX-10926835
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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