16 Miller Rd

4
Baths
1,839 Sq. Ft.
$103 / Sq. Ft.
1,839
Sq. Ft.
$103
per Sq. Ft.

Description

Cap rate easily 8% or more with one of the few really great investment opportunities in lake worth/palm springs! Great location with a 3/2 sf home and a 2 story duplex which includes a 2/1 & an efficiency along with 2 one car garages and a huge carport! And that's not all! The property includes an adjacent 9500 sq ft lot ready to build additional income units - even manufactured homes! The sf and 2/1 are leased with satisfied tenants. The efficiency (estimated rent $450) needs work but could be expanded...Cap rate easily 8% or more with one of the few really great investment opportunities in lake worth/palm springs! Great location with a 3/2 sf home and a 2 story duplex which includes a 2/1 & an efficiency along with 2 one car garages and a huge carport! And that's not all! The property includes an adjacent 9500 sq ft lot ready to build additional income units - even manufactured homes! The sf and 2/1 are leased with satisfied tenants. The efficiency (estimated rent $450) needs work but could be expanded into 1 of the 2 garages for a spacious 1/1. All tile or wood floors, many newer appliances, ac and updated kitchens and baths. Easy to show by appointment to well qualified buyers! Do not disturb the tenants.
  1. Listed by Loye B Matika • Brokerage DRE #2028863 • The Keyes Company
    P: (561)-703-9825 C: (561)-703-9825 loyematika@keyes.com

Property Details for 16 Miller Road

Furnished
Unfurnished
View
Garden
Waterfront Details
None
Waterfront
No
Style
No Pool/No Water
Year Built Numeric
1946
Subdivision
FLAMINGO
LISTING CLOSED: 08/27/2015 12:00 AM

Property Details for 16 Miller Road

StatusClosed
MLS #R10084773
Days on Market124
Taxes$2,718 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1946
Lot Size0.44 AC / 19,166 SF
CountyPalm Beach County

Location

Listing Courtesy of The Keyes Company

Sold By Berkshire Hathaway Florida Realty

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Building Information for 16 Miller Road

Stories2Residences-Year Built1946Building Size-Lot Size0.44 AC / 19,166 SF

Payment Calculator

$1,191 per month

30 year fixed, 6.55% Interest

Principal and Interest

$964

Property Taxes

$227

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 16 Miller Road

Summary
Location and General Information
  • Area: 5690
  • City and Location Text: Lake Worth
  • County Land Code: Palm Beach County
  • County Or Parish: Palm Beach County
  • Geo Lat: 26.621154
  • Information Available: Copy Of Lease(s)
  • MLS Area: 5690
  • MLS Sub Area: PB19, Palm Beach 5660; 5690; 5720; 5750; 5780
  • Postal Code: 33461
  • Roads: Paved
  • State: FL
  • Street #: 16
  • Subdivision Complex Bldg: FLAMINGO
  • Complex Name: FLAMINGO
  • Water Access: None
  • Zoning: MULTI-FAMILY
Taxes and HOA Information
  • Association Fee: $0
  • HOPA: No HOPA
  • Legal Desc: FLAMINGO N 15 FT OF LT 12, LTS 13 & 14
  • Parcel ID: 70434419090000121
  • Tax Information: County Only, No Homestead
  • Tax Year: 2013
  • Total Assessed Value: $89,210.00
School Information
  • Elementary School: Palm Springs (Palm Beach)
  • High School: John I. Leonard
  • Middle School: L. C. Swain
  • Senior High School: John I. Leonard
Property
Lot Information
  • Acreage Description: 1/4 To Less Than 1/2 Acre Lot
  • Acres: 0.44
  • Approx Sqft Total Area: 2415
  • Approximate Lot Size: 190' X 100' (.44 ACRE)
  • Lot Dimensions: 190' X 100' (.44 ACRE)
  • Property Condition: Resale
  • Special Info: Sold As-Is
  • Sq Ft: 2415
  • Sq Ft Liv Area: 1839.0
  • Sq Ft Total: 2,415
  • Property Type: Residential Income, Triplex
Property and Assessments
  • Avail Docs: Copy Of Lease(s)
  • Construction Type: Triplex, Composition, Resale, CBS, Frame, Wood Siding
  • Document Count: 1
  • Legal Description: FLAMINGO N 15 FT OF LT 12, LTS 13 & 14
  • Special Assessment: No
  • Type: Triplex
  • Year Built Description: 1946
Utilities
  • Cable Available: Yes
  • Electric Service: True
  • On Site Utilities: Cable Available, Sewer Available, Water Available
  • Separate Elec Meters: Yes
  • Separate Meter: Yes
  • Separate Wtr Meters: No
  • Sewer Description: True
  • Utilities: Cable Available, Sewer Available, Water Available
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: Yes
  • Construction: CBS, Frame, Wood Siding
  • Exterior Features: Balcony
  • Guest Accommodations: No
  • Private Pool: No
  • Roof: Composition
  • Roof Description: Composition
  • Subdiv Amenities: None
  • Surface Description: Paved
  • Window Features: Double Hung Metal
  • Patio And Porch Features: Patio, Patio - Covered
  • Fencing: Fenced
  • Balcony Details: Balcony - Covered
Interior Features
  • Baths Total: 4
  • Column Description: CBS, Frame, Wood Siding
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Flooring: Tile, Wood
  • Heating: Central, Electric
  • Heating Description: Central, Electric
  • Num Floors: 2
  • Numof Units: 4
  • PatioFeatures: Balcony, Patio
Multi Family
Multi Family Information
  • Number of Stories: 2.0
  • Unit Count: 4
Income & Expenses
  • Income & Expenses: Annual Net Oper Inc: $18,382.00
  • Income & Expenses: Annual Total Expense: $8,018.00
  • Income & Expenses: Gross Operating Inc: $26,400.00
  • Exp Incl Pool Service: No
  • Expense Amount: $8,018
  • Gross Operating Income: $18,382
  • Gross Rent Income: $26,400
  • Monthly Income: $26,400
  • Source of Expenses: Owner Provided, Other
Unit Information
Unit 1
  • Appliances: Range, Refrigerator, Microwave
  • Other Equipment: Air Conditioning Unit
  • Carport Attached YN: Yes
  • Carport YN: Yes
  • Rooms: Kitchen, Separate Dining
  • Actual Rent: $1,000.00
  • Baths Full: 2
  • Beds Total: 3
  • Furnished: Unfurnished
  • SqFt: 991.0
Unit 2
  • Appliances: Range, Refrigerator, Microwave
  • Other Equipment: Air Conditioning Unit
  • Interior Features: Split Bedroom Plan
  • Rooms: Kitchen
  • Actual Rent: $750.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 688.0
Unit 3
  • Other Equipment: Air Conditioning Unit
  • Rooms: Kitchen
  • Actual Rent: $450.00
  • Baths Full: 1
  • Furnished: Unfurnished
  • SqFt: 160.0
Unit 4
  • Actual Rent: $.00
  • SqFt: 0.0
Rental
Rental Information
  • DXORIGMLNO: RML
  • Possession Information: Close Of Escrow
  • Rental Price/SqFt: $107.59
  • Tenant Pays: Cable TV, Electricity, Sewer, Water

Property History for 16 Miller Road

DateEvent & SourcePriceAppreciation
Aug 27, 2015

Sold (Public Record)

Public Record #555622638

$189,750

+20.2% / yr

Aug 27, 2015

Sold

Beaches MLS #R10084773

$189,750
Mar 30, 2015

Cancelled

Beaches MLS #R10084839

$197,850
DateEvent & SourcePrice
08/27/2015

Sold (Public Record)

Public Record #555622638

$189,750

+20.2% / yr

08/27/2015

Sold

Beaches MLS #R10084773

$189,750
03/30/2015

Cancelled

Beaches MLS #R10084839

$197,850

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

Public Records for 16 Miller Road

Taxable ValueLand$219,315Additions$278,566Total$497,881
Tax Record2025$10,013 ($834 / month)
Home Facts
Beds2Baths4Total Finished SqFt1,171 SqFtAbove Grade Finished SqFt1,171 SqFtStories1Lot Size18,988 SqFtStyleSingle Family ResidenceYear Built1946Year Renovated1975ZoningRMCountyPALM BEACHAPN70-43-44-19-09-000-0121

Schools near 16 Miller Road

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

L C Swain Middle School
Public6 to 8

John I. Leonard 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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Keyes Company

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.