1883 Smith Drive

North Palm Beach, FL 33408

$454,000
Last Sold Price
Beds
1,848 Sq. Ft.
$246 / Sq. Ft.
1,848
Sq. Ft.
$246
per Sq. Ft.

Description

Great investment with this INSTANT INCOME PRODUCING property! 4 unit multi family consisting of three studio apartments & one 1 bedroom apartment on NORTH PALM BEACH! Prime location, walking dist to Palm Beach State College, shopping, beach & more! CBS construction, well water (no h2o bills!) , laundry room, some units recently updated/remodeled, exterior has been recently renovated, showing pride in ownership. Plenty up up-side potential to increase rents, prime location, these units rent quickly!...Great investment with this INSTANT INCOME PRODUCING property! 4 unit multi family consisting of three studio apartments & one 1 bedroom apartment on NORTH PALM BEACH! Prime location, walking dist to Palm Beach State College, shopping, beach & more! CBS construction, well water (no h2o bills!) , laundry room, some units recently updated/remodeled, exterior has been recently renovated, showing pride in ownership. Plenty up up-side potential to increase rents, prime location, these units rent quickly! As of 9/1/20 property cash flows $4,100/mo. CONVENTIONAL financing welcome. Separate FPL meters+large shared laundry room! Perfect opportunity to live in one unit & collect rents from other 3 to pay your mortgage, or simply make this an investment cash flow opportunity!
  1. Listed by Jerrad Ryan • Florida's Best Realty Services
  2. Listed by Marshall A Sklar • Florida's Best Realty Services

Property Details for 1883 Smith Drive

Waterfront
No
Waterfront Details
None
View
Garden

Location

Listing Courtesy of Florida's Best Realty Services

Sold By Douglas Elliman (Jupiter)

Add your commute
LISTING UPDATED: 12/31/2020 07:18 PM

Property Details for 1883 Smith Drive

StatusClosed
MLS #RX-10623118
Days on Market154
Taxes$5,080 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1958
Lot Size-
CountyPalm Beach County

Location

Listing Courtesy of Florida's Best Realty Services

Sold By Douglas Elliman (Jupiter)

Add your commute

Building Information for 1883 Smith Drive

Stories1Residences4Year Built1958Building Size-Lot Size-

Payment Calculator

$2,901 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,478

Property Taxes

$423

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1883 Smith Drive

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: 95 to PGA Blvd, head east. Left onto Ellison Wilson Dr. Right onto Smith Dr
  • Geo Area: Palm Bch 5200; 5210; 5220; 5230; 5240; 5250
  • Municipal Code: North Palm Beach
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2019
Property
Lot Information
  • Area: 5220
  • Lot Description: East of US-1, Public Road
  • Parcel ID: 00434204010000170
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 1,848
  • Zoning: RH-Mulit-Family
Property and Assessments
  • Legal Desc: ARTHUR M & EMMA D SMITH LT 17 & N 15 FT OF SMITH DR LYG S OF & ADJ TO
  • Sq Ft Liv Area: 1848.0
Utilities
  • Utilities: Cable, Electric, Public Sewer, Well Water
Interior and Exterior Features
Exterior Features
  • Contingents: Financing, None
  • Exterior Features: Exterior W/D Hookup, Fence, Open Porch
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: Common Laundry
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Electric, Wall-Win A/C
  • Flooring: Other, Vinyl Floor
  • Heating: Electric
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $41,600.00
  • Income & Expenses: Annual Total Expense: $7,600.00
  • Income & Expenses: Gross Operating Inc: $49,200.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: A/C Unit, Range - Electric, Refrigerator
  • Unit 1 Info: Bedrooms: 1
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 1,100
  • Unit 1 Info: SqFt: 500.0
  • Unit 1 Parking: Open Parking, Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Range - Electric, Refrigerator
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,000
  • Unit 2 Info: SqFt: 400.0
  • Unit 2 Parking: Open Parking, Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Range - Electric, Refrigerator
  • Unit 3 Info: Bedrooms: 1
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: No
  • Unit 3 Info: Monthly Income: $1,000.00
  • Unit 3 Info: SqFt: 400.0
  • Unit 3 Parking: Open Parking, Space Parking
Unit 4
  • Unit 4 Desc: A/C Unit, Range - Electric, Refrigerator
  • Unit 4 Info: Bedrooms: 1
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Furnished: No
  • Unit 4 Info: Monthly Income: $1,000.00
  • Unit 4 Info: SqFt: 400.0
  • Unit 4 Parking: Open Parking, Space Parking
Agent
Agent Only
  • Selling Agent Full Name: Matthias Jay Fretz
  • Selling Office Branch ID: 276540965
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 1883 Smith Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1883 Smith Drive

Taxable ValueLand$163,200Additions$259,267Total$422,467
Tax Record2023$8,473 ($706 / month)
Home Facts
Baths4Total Finished SqFt648 SqFtAbove Grade Finished SqFt648 SqFtStories1Lot Size7,318 SqFtStyleDuplexYear Built1958Year Renovated1980ZoningRHCountyPALM BEACHAPN00-43-42-04-01-000-0170

Schools near 1883 Smith Drive

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 9
Public - PK to 12
Charter - K to 8
Public - K to 12
Rating
School
Distance
The Conservatory School
PublicPK to 9

William T. Dwyer High School
PublicPK to 12

Bright Futures Academy
CharterK to 8

Palm Beach Virtual Franchise
PublicK 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 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.

Listing Courtesy of Florida's Best Realty Services

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.