Sold
Last Sold Price
6 beds3 baths3,000 sqft
423 N Cocoanut Rd, Pahokee, FL 33476
Multi FamilyProperty Type
0.15 acresLot Size
1979Year Built
$73/sq ftPrice per sq ft

Description

Rent increase starts Jan. 1st 2021, cash flow $2625 per month, $65,400 if you buy both buildings. Being sold as a package deal with RX-10574163 429 N Cocoanut Rd. (next door) buy both for $440,000 ! All units fully occupied, just renovated building 4 x 2 bedroom 1 bath, separate water and power meter for each unit. The entire building was just painted, new gutter system, safety lights, security camera, door bells, fire extinguishers, new flooring, up-dated kitchen cabinets, appliances, bathrooms....Rent increase starts Jan. 1st 2021, cash flow $2625 per month, $65,400 if you buy both buildings. Being sold as a package deal with RX-10574163 429 N Cocoanut Rd. (next door) buy both for $440,000 ! All units fully occupied, just renovated building 4 x 2 bedroom 1 bath, separate water and power meter for each unit. The entire building was just painted, new gutter system, safety lights, security camera, door bells, fire extinguishers, new flooring, up-dated kitchen cabinets, appliances, bathrooms. Each unit has 3 window air conditions, as well as new ceiling fans and light switches. No contract flippers. Listing picture old, see photo's of 429 for idea of property condition
  • Listed by: Karl R Schulz 561.379.7881 KSchulz@FridayRe.com Brokerage DRE #1044193 • KD Gunther Properties By Friday Realty, LLC
Listing closed: 02/01/2021 12:00 AM • Source: Beaches MLS, MLS#: R10626062

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Location

Listing Courtesy of KD Gunther Properties By Friday Realty, LLC

Sold By Keller Williams Realty/P B

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Payment Calculator

$1,518 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,174

Property Taxes

$344

HOA Dues

$0

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Property Information for 423 North Cocoanut Road

Property Details
  • Taxes: $4,124 / year
  • MLS Type: Residential Income / Quadruplex
  • Furnished: Unfurnished
  • Waterfront Details: None
  • Waterfront: No
  • Style: No Pool/No Water
  • Year Built Numeric: 1979
  • Subdivision: Pahokee
Building Information
  • Stories: 2
  • Year Built: 1979
  • Lot Size: 0.15 AC / 6,534 SF
Summary
Location and General Information
  • Area: 5560
  • City and Location Text: Pahokee
  • County Land Code: Palm Beach County
  • County Or Parish: Palm Beach County
  • Geo Lat: 26.812693
  • Information Available: Deposit - Last Months Rent, Deposit - Security
  • MLS Area: 5560
  • MLS Sub Area: PB25, Palm Beach 5540ab; 5560ab; 5590b
  • Postal Code: 33476
  • State: FL
  • Street Direction Prefix: N
  • Street #: 423
  • Subdivision Complex Bldg: Pahokee
  • Complex Name: Pahokee
  • Water Access: None
  • Zoning: R6
Taxes and HOA Information
  • Association Fee: $0
  • Legal Desc: 19-42-37, W 66 FT OF E 337.6 FT OF S 100.07 FT OF N 125 FT OF NE 1/4 OF NW 1/4
  • Parcel ID: 48374219000003300
  • Tax Information: City/County
  • Tax Year: 2019
  • Taxes: $4,124
  • Senior Community: No
Property
Lot Information
  • Acreage Description: Less Than 1/4 Acre Lot
  • Acres: 0.15
  • Approx Sqft Total Area: 3290
  • Property Condition: Resale
  • Sq Ft: 3290
  • Sq Ft Liv Area: 3000.0
  • Sq Ft Total: 3,290
  • Property Type: Residential Income, Quadruplex
Property and Assessments
  • Avail Docs: Deposit - Last Months Rent, Deposit - Security
  • Construction Type: Quadruplex, Built-Up, Resale, CBS
  • Document Count: 1
  • Legal Description: 19-42-37, W 66 FT OF E 337.6 FT OF S 100.07 FT OF N 125 FT OF NE 1/4 OF NW 1/4
  • Special Assessment: No
  • Type: Quadruplex
  • Year Built Description: 1979
Utilities
  • Electric Service: True
  • On Site Utilities: Sewer Available, Water Available
  • Separate Elec Meters: Yes
  • Separate Meter: Yes
  • Separate Wtr Meters: Yes
  • Sewer Description: Public Sewer
  • Utilities: Sewer Available, Water Available
Interior and Exterior Features
Exterior Features
  • Balcony Porch/Patio: No
  • Construction: CBS
  • Exterior Features: Custom Lighting
  • Gated Community YN: No
  • Guest Accommodations: No
  • Roof: Built-Up
  • Roof Description: Built-Up
  • Subdiv Amenities: None
  • Storm Protection Details: None
Interior Features
  • Baths Total: 3
  • Column Description: CBS
  • Cooling: Ceiling Fan(s), Electric, Wall/Window Unit(s)
  • Flooring: Linoleum
  • Heating: None
  • Heating Description: None
  • Num Floors: 2
  • Numof Units: 4
Multi Family
Multi Family Information
  • Number of Stories: 2.0
  • Unit Count: 4
Income & Expenses
  • Income & Expenses: Annual Net Oper Inc: $19,900.00
  • Income & Expenses: Annual Total Expense: $6,500.00
  • Income & Expenses: Gross Operating Inc: $26,400.00
  • Exp Incl Pool Service: No
  • Expense Amount: $6,500
  • Gross Operating Income: $19,900
  • Gross Rent Income: $26,400
  • Monthly Income: $26,400
  • Source of Expenses: Owner Provided
Unit Information
Unit 1
  • Appliances: Range, Refrigerator
  • Other Equipment: Air Conditioning Unit, Smoke Detector(s)
  • Parking Features: Open Parking
  • Rooms: Kitchen
  • Actual Rent: $600.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 750.0
Unit 2
  • Appliances: Range, Refrigerator
  • Other Equipment: Air Conditioning Unit, Smoke Detector(s)
  • Parking Features: Open Parking
  • Rooms: Kitchen
  • Actual Rent: $500.00
  • Baths Full: 1
  • Furnished: Unfurnished
  • SqFt: 750.0
Unit 3
  • Appliances: Range
  • Other Equipment: Air Conditioning Unit, Smoke Detector(s)
  • Interior Features: Stack Bedroom
  • Parking Features: Open Parking
  • Rooms: Kitchen
  • Actual Rent: $600.00
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 750.0
Unit 4
  • Appliances: Range, Refrigerator
  • Other Equipment: Air Conditioning Unit, Smoke Detector(s)
  • Interior Features: Stack Bedroom
  • Parking Features: Open Parking
  • Rooms: Kitchen
  • Actual Rent: $500.00
  • Baths Full: 1
  • Beds Total: 2
  • Furnished: Unfurnished
  • SqFt: 750.0
Rental
Rental Information
  • Application Fee: $.00
  • DXORIGMLNO: RML
  • Fee/Deposit Required: HOA Application Fee: 0.0
  • Other Fees: $0
  • Pets on Premises: No
  • Pets On Premises YN: No
  • Possession Information: Negotiable
  • Rental Price/SqFt: $76.67
  • Tenant Pays: Cable TV, Electricity, Water

Property History for 423 North Cocoanut Road

DateEvent & SourcePriceAppreciation
Feb 1, 2021

Sold

Beaches MLS #R10626062

$220,000—
Dec 3, 2020

Pending

Beaches MLS #R10626062

—
Nov 11, 2020

Listed (Active)

Beaches MLS #R10626062

$230,000—
DateEvent & SourcePrice
02/01/2021

Sold

Beaches MLS #R10626062

$220,000
12/03/2020

Pending

Beaches MLS #R10626062

—
11/11/2020

Listed (Active)

Beaches MLS #R10626062

$230,000

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

Schools near 423 North Cocoanut Road

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

Pahokee Middle-Senior High School
Public6 to 12

Everglades Preparatory Academy
Charter8 to 12

Glades Academy Elementary School Inc
CharterK to 8

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 KD Gunther Properties By Friday Realty, 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.