264 Seminole Avenue

Palm Beach, FL 33480

$4,230,000
Last Sold Price
Beds
6,460 Sq. Ft.
$655 / Sq. Ft.
6,460
Sq. Ft.
$655
per Sq. Ft.

Description

Fully Leased! Income generating from day 1. This 16 unit multifamily building is located in the center of town. The 16 units are spread out across 4 unique buildings. The units consist of a mix of studio, Jr 1 bedroom, and 1 bedroom apartments as well as a free standing cottage. The lot has 100' of frontage on Seminole Avenue and is 116' deep with 11,600 sqft. Zoned RC - ( 50-PALM BEACH). This property is steps from the beach, lake trail, Publix, shopping and dining at the Meat Market Restaurant...Fully Leased! Income generating from day 1. This 16 unit multifamily building is located in the center of town. The 16 units are spread out across 4 unique buildings. The units consist of a mix of studio, Jr 1 bedroom, and 1 bedroom apartments as well as a free standing cottage. The lot has 100' of frontage on Seminole Avenue and is 116' deep with 11,600 sqft. Zoned RC - ( 50-PALM BEACH). This property is steps from the beach, lake trail, Publix, shopping and dining at the Meat Market Restaurant and on Royal Poinciana Drive and Plaza.

Listing Agents

  1. Peter Conn

    Peter Conn

    Alternative Listing Agent

    Compass

    peter.conn@compass.com

    P: 561.596.2108

Property Details for 264 Seminole Avenue

Subdivision
OCEAN PARK H W ROBBINS
Waterfront
No
Waterfront Details
None
View
Garden, Intracoastal
Style
No Pool/No Water

Location

Sold By Premier Estate Properties, Inc

Add your commute
LISTING UPDATED: 05/04/2021 09:20 AM

Property Details for 264 Seminole Avenue

StatusClosed
MLS #RX-10627606
Days on Market253
Taxes$72,442 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1922
Lot Size0.27 AC / 11,600 SF
CountyPalm Beach County

Building

N/A

2 StoriesBuilt in 1922

Location

Sold By Premier Estate Properties, Inc

Add your commute

Building Information for 264 Seminole Avenue

Stories2Residences-Year Built1922Building Size-Lot Size0.27 AC / 11,600 SF

Payment Calculator

$29,122 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,085

Property Taxes

$6,037

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 264 Seminole Avenue

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: North/South on Bradley Pl, East on Seminole.
  • Geo Area: Palm Beach 5001; 5002; 5003; 5004
  • Special Info: Sold As-Is, Survey
  • Street Number: 264
  • Subdivision Complex Bldg: OCEAN PARK H W ROBBINS
  • Municipal Code: Palm Beach
  • State: FL
  • City Postal ID: 33480
  • MLS Area: 5002
  • MLS Sub Area: PB30
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2019
  • Maintenance Fee Incl: None
  • HOA Dues: $0
Property
Lot Information
  • Area: 5002
  • HOA Amenities: None
  • Lot Description: 1/4 to 1/2 Acre, East of US-1, Public Road, Sidewalks
  • Lot Dimensions: 100.0 ft x 116.0 ft
  • Parcel ID: 50434314100040170
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 7,280
  • Square Ft Source: Tax Rolls
  • Zoning: R-C(ci
Property and Assessments
  • Legal Desc: OCEAN PARK, H W ROBBINS ADD LTS 17 & 18 BLK 4
  • Sq Ft Liv Area: 6460.0
  • Legal Description: OCEAN PARK, H W ROBBINS ADD LTS 17 & 18 BLK 4
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame Construction, Frame With Stucco, Stucco Exterior Construction
  • Contingents: None
  • Exterior Features: Auto Sprinkler, Custom Lighting, Exterior W/D Hookup, Open Balcony, Open Patio
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: Bike - Jog, Bike Storage, Boating, Sidewalks, Street Lights, Tennis
  • Gated Community YN: No
Interior Features
  • Roof: Mixed, Other
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Other, Wall-Win A/C
  • Flooring: Ceramic Tile, Laminate, Other, Wood Floor
  • Heating: Other
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $204,660.00
  • Income & Expenses: Annual Total Expense: $78,800.00
  • Income & Expenses: Gross Operating Inc: $283,460.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: A/C Unit
  • Unit 1 Info: Efficiency
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 1,450
  • Unit 1 Info: SqFt: 0.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit
  • Unit 2 Info: Efficiency
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,450
  • Unit 2 Info: SqFt: 0.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Desc: A/C Unit
  • Unit 3 Info: Efficiency
  • Unit 3 Info: Monthly Income: $1,450.00
  • Unit 3 Info: SqFt: 0.0
  • Unit 3 Parking: Open Parking
Unit 4
  • Unit 4 Desc: A/C Unit
  • Unit 4 Info: Efficiency
  • Unit 4 Info: Monthly Income: $1,450.00
  • Unit 4 Info: SqFt: 0.0
  • Unit 4 Parking: Open Parking
Agent
Agent Only
  • Selling Agent Full Name: J. Ronnie Hasozbek-Garcia
  • Selling Office Branch ID: 276544310
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 264 Seminole Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 264 Seminole Avenue

Taxable ValueLand$3,820,000Additions$1,201,580Total$5,021,580
Tax Record2023$77,831 ($6,486 / month)
Home Facts
Beds6Baths10Total Finished SqFt1,988 SqFtAbove Grade Finished SqFt1,988 SqFtStories2Lot Size11,600 SqFtStyleSingle Family ResidenceYear Built1922Year Renovated1955ZoningR-CCountyPALM BEACHAPN50-43-43-14-10-004-0170Fireplace TypeHas Fireplace

Schools near 264 Seminole Avenue

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Palm Beach Public School
PublicPK to 5

Conniston Middle School
Public6 to 8

Palm Beach Lakes High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.