5655 Mango Rd ,Quadruplex, Royal Palm Estates for Sale

5655 Mango Rd for Sale

Price $950,000.00

• Lot size 3792
• Year Build 1981
• Waterfront
• Zip 33413
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11347603 The property is fully rented and it has been very difficult to coordinate any showing, as a result only buyer that submit offer with POF or pre-approval letter will see the property inside. Please see attached the performance of the property and call, or just text us with any question.

ROYAL PALM ESTATES LT 14 BLK 11

1/4 To Less Than 1/2 Acre Lot

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.

City:West Palm Beach,Zoning:RM,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Latitude:26.6833575,Cooling Y N:1,Heating Y N:1,List Price:950000,Listing Id:A11347603,Longitude:-80.1310393,Mls Status:Active,Year Built:1981,Living Area:3600,Postal Code:33413,Street Name:Mango Rd,Coordinates:1:26.6833575,Photos Count:27,Building Name:ROYAL PALM ESTATES,Days On Market:6,Listing Terms:1:Cash,2:Conventional,Lot Size Units:Square Feet,M L S Area Major:Royal Palm Estates,On Market Date:2023-03-02,Parcel Number:00424335100110140,Parking Total:8,Property Type:Residential Income,Rent Includes:1:Trash Collection,Stories Total:1,Street Number:5655,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Palm Beach County,Expiration Date:2023-05-31,List Office Name:Coldwell Banker Realty,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1851,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:ROYAL PALM ESTATES,Tax Annual Amount:10669,Unparsed Address:5655 Mango Rd, West Palm Beach FL 33413,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:3792,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:263.8889,Original List Price:950000,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2023-03-02,Originating System I D:miamire,Public Survey Section:35,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:5655,Tax Legal Description:ROYAL PALM ESTATES LT 14 BLK 11,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,M I A M I R E_ Adjusted Area S F:3684,Contract Status Change Date:2023-03-02,Internet Address Display Y N:1,Number Of Units In Community:4,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:263.89,