$4,195,000
West Palm Beach, FL 33401
MLS# RX-10959728
3210 sqft
1 / 48
Open House (05/04/2024 - 12:00 pm - 2:00 pm)
Property Description
This meticulously restored historic Spanish-style residence in El Cid's community offers an outstanding investment opportunity. With 4 bedrooms and 2.5 baths, including a studio at the back of the home, this property is primed for investors. Preserving the lavish charm of the 1920s, the house boasts meticulously maintained original details, enhanced with impact windows and doors. It's a duplex with excellent income potential—the main home can be rented for $13,000 per month, and the one-bedroom studio can fetch $1,750 per month.
Details
Maps
Documents
Contract Information
Listing Date: 2024-02-14
Status: Active
Go Active Date: 2024-02-23
Original List Price: 4499000
Auction: No
List Price: $4,195,000
Current Price: $4,195,000
List Price/SqFt: 1306.85
Comm/Non-Rep: 3%
Comm/Buyer Agent: 3%
Comm/Trans Brk: 3%
General Property Description
Type: Duplex
Structure Type: Duplex
Total # of Units: 2
Property Condition: Resale
Year Built: 1925
Number of Stories: 2
SqFt - Total: 3674
SqFt - Living: 3210
SqFt Source: Appraisal
Gated Community: No
Homeowners Assoc: None
Directions: I-95 to Belvedere Road. Head East to S Olive Ave. Left on S Olive Ave. Turn right on to Granada Road. Home is on the right hand side.
Subdivision: EL CID
Lot SqFt: 6247
Waterfront: No
Private Pool: Yes
Pets on Premises: No
Separate Elec Meters: No
Separate Wtr Meters: No
Location, Tax & Legal
Area: 5440
Geo Area: PB20
Country: United States
County: Palm Beach
Parcel ID: 74434327210090210
Street #: 258
Street Name: Granada
Street Suffix: Road
State/Province: FL
Zip Code: 33401
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
REO: No
HOPA: No Hopa
Legal Desc: EL CID LTS 21 & 22 BLK 9
Zoning: SF14(c
Tax Year: 2023
Taxes: 43555.4
Geo Lat: 26.693274
Geo Lon: -80.050867
Office/Member Info
DXORIGMLNO: RX-10959728
DXORIGMLSID: RML
Unit 1 Info
Full Bath: 2
Half Bath: 1
Furnished: No
SqFt: 2874
Monthly Income: 13000
Unit 2 Info
Full Bath: 1
Furnished: No
SqFt: 800
Monthly Income: 1750
Income & Expenses
Gross Operating Inc: 177000
Annual Total Expense: 67135
Annual Net Oper Inc: 109865
Storm Protection
Impact Glass: Complete
Property Features
Source of Expenses: Proforma
Construction: Frame; Stucco
Waterfront Details: None
Unit 1 Desc: A/C Unit; Cathed/Vault Ceiling; Dishwasher; Electric Meter; Kitchen; Laundry Tub; Microwave; Range - Electric; Refrigerator; Skylight; Split Bedrooms; Walk-in Closets
Unit 1 Parking: Auto Garage Door; Garage - Detached
Unit 2 Desc: A/C Unit; Kitchen; Refrigerator
Unit 2 Parking: None
Private Pool Description: Inground
Lot Description: < 1/4 Acre
Exterior Features: Covered Balcony; Covered Patio; Fence
Subdiv. Amenities: Bike - Jog; Sidewalks
Maintenance Fee Incl: None
Tenant Pays: Cable; Electric; Water
Restrict: None
Flooring: Ceramic Tile; Tile; Wood Floor
Cooling: Ceiling Fan; Central; Wall-Win A/C
Heating: Central; Electric
Roof: Barrel
Terms Considered: Cash; Conventional
Utilities: Electric; Public Water
Taxes: Homestead
Avail Info: None
Possession: At Closing
Floorplan 
Listing Office: Woyce Realty Investments & Consulting Inc.
Last Updated: April - 30 - 2024
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