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8719 40th Terrace N

Palm Beach Gardens, FL 33410
  • $550,000
  • STATUS: Pending
  • ON SITE: 2 Days
  • ID#: RX-11058894
Pending
UPDATED: 56 min ago
$550,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,930
    SQFT
  • $285
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1969
County:

Description

Welcome to this completely remodeled duplex nestled on a spacious 0.44-acre lot in the heart of Palm Beach Gardens. This stunning property offers a fantastic opportunity for both investors and owner-occupants, featuring two fully renovated 2-bedroom, 1-bathroom units with modern upgrades throughout. Recently updated in 2022, the home boasts a new metal roof, a fully remodeled interior, and brand-new windows, ensuring durability and energy efficiency. One unit is currently rented at $2,200/month, well below the market rate of $2,400 per unit, presenting the potential for an impressive 8% return. The second unit is vacant, making it perfect for an owner looking to live in one unit while renting the other or for an investor seeking a high-performing rental property. As you arrive, you'll be

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www.kaufman-propertiesfl.com/homes/160011512
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8719 40th Terrace N Palm Beach Gardens, FL 33410

  • Price: $550,000
  • Status: Pending
  • On Site: 2 Days
  • Updated: 56 min ago
  • ID#: RX-11058894
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1,930
SQFT
$285
$/SQFT
1969
Built
Neighborhood:
Palm Beach Gardens
County:
Palm Beach
Area:
Palm Beach Gardens
Elementary School:
Grove Park Elementary School
Middle School:
John F. Kennedy Middle School
High School:
Palm Beach Gardens High School
Property Description
Welcome to this completely remodeled duplex nestled on a spacious 0.44-acre lot in the heart of Palm Beach Gardens. This stunning property offers a fantastic opportunity for both investors and owner-occupants, featuring two fully renovated 2-bedroom, 1-bathroom units with modern upgrades throughout. Recently updated in 2022, the home boasts a new metal roof, a fully remodeled interior, and brand-new windows, ensuring durability and energy efficiency. One unit is currently rented at $2,200/month, well below the market rate of $2,400 per unit, presenting the potential for an impressive 8% return. The second unit is vacant, making it perfect for an owner looking to live in one unit while renting the other or for an investor seeking a high-performing rental property. As you arrive, you'll be
Exterior Features

Carport Spaces 0.00 Construction BlockCBSConcrete Exterior Features FenceOpen PorchRoom for PoolShedWell Sprinkler Lot Description 1/4 to 1/2 AcrePaved RoadPublic RoadWest of US-1 Private Pool YN No Roof Metal Unit1 Parking Open Parking Unit2 Parking Open Parking View Other Waterfront Description None Waterfront YN No

Interior Features

Cooling CentralElectric Flooring Tile Heating CentralElectric Unit1 Bedrooms 2 Unit1 Desc A/C UnitDishwasherDisposalDryerElectric MeterKitchenLaundryMicrowaveRange - ElectricRefrigeratorSmoke DetectorStack BedroomsWasher Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 1084 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDishwasherDisposalDryerElectric MeterKitchenLaundryMicrowaveRange - ElectricRefrigeratorSmoke DetectorStack BedroomsUtilityWasher Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 846 Window Treatments Blinds

Property Features

Annual Net Operating Income 42904.00 Annual Total Expenses 14696.00 Auction No Available Info Deposit SecurityLeases Built Desc Resale Contingent Pending Contingents Inspection Gated Community No Gross Operating Income 57600.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes None Multifamily Type Duplex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Sq Ft Total 2034.00 Subdivision Amenities None Tax Amount 7636.27 Tax Year 2024 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventionalFHAVA Unit1 Lease Ends 2025-08-31 Unit1 Monthly Income 2200.00 Unit2 Monthly Income 0.00 Utilities CableElectricPublic WaterSeptic Zoning RM(cit

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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432