Sold
Last Sold Price
7 beds4 baths2,848 sqft$232/sqft
327 Silver Beach Rd, Lake Park, FL 33403
Multi FamilyProperty Type
9,583 sq ftLot Size
1970Year Built
$232/sq ftPrice per sq ft

Description

4 unit property (three 2/1s and one 1/1) in very good condition. Two of the four units remodeled within the past 6 months. Property is located in Lake Park within a short commute to the employment centers of St. Mary's Medical Center, The Port of Palm Beach, and Downtown West Palm Beach. Property features:
- Concrete block (CBS) construction
- New hip roof replaced with last 12 months
- All units have central AC
- All tenants separately metered for electric, landlord pays for water (one water meter)
...4 unit property (three 2/1s and one 1/1) in very good condition. Two of the four units remodeled within the past 6 months. Property is located in Lake Park within a short commute to the employment centers of St. Mary's Medical Center, The Port of Palm Beach, and Downtown West Palm Beach. Property features:

- Concrete block (CBS) construction
- New hip roof replaced with last 12 months
- All units have central AC
- All tenants separately metered for electric, landlord pays for water (one water meter)
- Ample parking with 7 striped spaces and additional unstriped spaces on the lot

All units will be delivered with month-to-month leases in place, affording the new owner options to bring units to market or keep the current tenants in place.
  • Listed by: Jesse J Bailey 561.318.3337 jbailey@49units.com Brokerage DRE #1061214 • 49 Units, LLC
Listing closed: 04/25/2022 12:00 AM • Source: Beaches MLS, MLS#: R10783604

Location

Listing Courtesy of 49 Units, LLC

Sold By Sainaam Realty & Investment

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$3,894 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,355

Property Taxes

$539

HOA Dues

$0

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Property Information for 327 Silver Beach Road

Property Details
  • Taxes: $6,467 / year
  • MLS Type: Residential Income / Quadruplex
  • Furnished: Unfurnished
  • Waterfront Details: None
  • Style: No Pool/No Water
  • Year Built Numeric: 1970
  • Subdivision: KELSEY CITY
Building Information
  • Stories: 1
  • Year Built: 1970
  • Lot Size: 0.22 AC / 9,583 SF
Summary
Location and General Information
  • Area: 5270
  • City and Location Text: Lake Park
  • County Land Code: Palm Beach County
  • County Or Parish: Palm Beach County
  • Geo Lat: 26.79301
  • Information Available: Copy Of Lease(s), Deposit - Security, Deposit Held
  • MLS Area: 5270
  • MLS Sub Area: PB26, Palm Beach 5270; 5280; 5290
  • Postal Code: 33403
  • State: FL
  • Subdivision Complex Bldg: KELSEY CITY
  • Complex Name: KELSEY CITY
  • Water Access: None
  • Zoning: R2(cit
Taxes and HOA Information
  • Association Fee: $0
  • Legal Desc: KELSEY CITY LTS 37, 38 & 39 BLK 67
  • Parcel ID: 36434220010670370
  • Tax Information: City/County
  • Tax Year: 2021
  • Taxes: $6,467
Property
Lot Information
  • Acreage Description: Less Than 1/4 Acre Lot
  • Acres: 0.22
  • Approx Sqft Total Area: 3293
  • Approximate Lot Size: 75.0 ft x 130.0 ft
  • Lot Dimensions: 75.0 ft x 130.0 ft
  • Property Condition: Resale
  • Sq Ft: 3293
  • Sq Ft Liv Area: 2848.0
  • Sq Ft Total: 3,293
  • Property Type: Residential Income, Quadruplex
Property and Assessments
  • Avail Docs: Copy Of Lease(s), Deposit - Security, Deposit Held
  • Construction Type: Quadruplex, Composition, Resale, CBS
  • Document Count: 1
  • Legal Description: KELSEY CITY LTS 37, 38 & 39 BLK 67
  • Type: Quadruplex
  • Year Built Description: 1970
Utilities
  • Cable Available: Yes
  • Electric Service: Three Phase
  • On Site Utilities: Cable Available, Sewer Available
  • Separate Elec Meters: Yes
  • Separate Meter: Yes
  • Separate Wtr Meters: No
  • Sewer Description: Public Sewer
  • Utilities: Cable Available, Sewer Available
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: Yes
  • Construction: CBS
  • Gated Community YN: No
  • Guest Accommodations: No
  • Roof: Composition
  • Roof Description: Composition
  • Subdiv Amenities: Park, Picnic Area, Playground, Sidewalks
  • Patio And Porch Features: Porch, Porch - Open
  • Fencing: Fenced
  • Storm Protection Details: None
Interior Features
  • Baths Total: 4
  • Column Description: CBS
  • Cooling: Central Air
  • Flooring: Tile
  • Heating: Central
  • Heating Description: Central
  • Num Floors: 1
  • Numof Units: 4
  • PatioFeatures: Porch
Multi Family
Multi Family Information
  • Number of Stories: 1.0
  • Unit Count: 4
Income & Expenses
  • Income & Expenses: Annual Net Oper Inc: $48,372.00
  • Income & Expenses: Annual Total Expense: $9,708.00
  • Income & Expenses: Gross Operating Inc: $58,080.00
  • Exp Incl Pool Service: No
  • Expense Amount: $9,708
  • Gross Operating Income: $48,372
  • Gross Rent Income: $58,080
  • Monthly Income: $58,080
  • Source of Expenses: Owner Provided
Unit Information
Unit 1
  • Other Equipment: Air Conditioning Unit
  • Parking Features: Open Parking
  • Actual Rent: $1,400.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 780.0
Unit 2
  • Other Equipment: Air Conditioning Unit
  • Parking Features: Open Parking
  • Actual Rent: $1,400.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 780.0
Unit 3
  • Other Equipment: Air Conditioning Unit
  • Parking Features: Open Parking
  • Actual Rent: $940.00
  • Baths Full: 1
  • Beds Total: 1
  • Furnished: Unfurnished
  • SqFt: 512.0
Unit 4
  • Other Equipment: Air Conditioning Unit
  • Parking Features: Open Parking
  • Actual Rent: $1,100.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 780.0
Rental
Rental Information
  • DXORIGMLNO: RML
  • Pets on Premises: Yes
  • Pets On Premises YN: Yes
  • Possession Information: Close Of Escrow
  • Rental Price/SqFt: $228.23
  • Tenant Pays: Cable TV, Electricity

Property History for 327 Silver Beach Road

DateEvent & SourcePriceAppreciation
Apr 25, 2022

Sold

Beaches MLS #R10783604

$660,000
Mar 19, 2022

Pending

Beaches MLS #R10783604

Mar 14, 2022

Listed (Active)

Beaches MLS #R10783604

$650,000
DateEvent & SourcePrice
04/25/2022

Sold

Beaches MLS #R10783604

$660,000
03/19/2022

Pending

Beaches MLS #R10783604

03/14/2022

Listed (Active)

Beaches MLS #R10783604

$650,000

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

Schools near 327 Silver Beach 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 - 9 to 12
Rating
School
Distance
Lake Park Elementary School
PublicPK to 5

Howell L. Watkins Middle School
Public6 to 8

Palm Beach Gardens High School
Public9 to 12

Inlet Grove Community High School
Charter9 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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Listing Courtesy of 49 Units, LLC

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.