518 North 7th Street

Lantana, FL 33462

$469,999
Last Sold Price
Beds
2,893 Sq. Ft.
$162 / Sq. Ft.
2,893
Sq. Ft.
$162
per Sq. Ft.

Description

Cash only 10% r. O. I! $5000++ monthly income from current market value rents! All tenants are paying under market rents! Fantastic Triplex and separate Garage & Apt. Opportunity located near major highways, businesses, and minutes to the ocean, this triplex offers a steady stream of rental income in a location that is seeing major ongoing growth and appreciation. All 3 apartments are currently rented as well as the garage. Each apartment is on its own electric meter; there is a single water meter...Cash only 10% r. O. I! $5000++ monthly income from current market value rents! All tenants are paying under market rents! Fantastic Triplex and separate Garage & Apt. Opportunity located near major highways, businesses, and minutes to the ocean, this triplex offers a steady stream of rental income in a location that is seeing major ongoing growth and appreciation. All 3 apartments are currently rented as well as the garage. Each apartment is on its own electric meter; there is a single water meter for the property. Market rents for the building are $5,000+ per month. double insulation and copper pipes installed between 2019 and 2021, and a paver patio in the backyard. Current tenants have been onsite forever and current rents are way below market
  1. Listed by Steven Modica • Real Estate Home Sales Inc

Property Details for 518 North 7th Street

Subdivision Name
Mantyharju Lantana
Style
Triplex
Waterfront
No

Location

Listing Courtesy of Real Estate Home Sales Inc

Sold By Redfin Corporation

Add your commute
LISTING UPDATED: 10/15/2022 05:39 PM

Property Details for 518 North 7th Street

StatusClosed Sale
MLS #F10339886
Days on Market58
Taxes$6,118 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1955
Lot Size-
CountyPalm Beach County

Location

Listing Courtesy of Real Estate Home Sales Inc

Sold By Redfin Corporation

Add your commute

Building Information for 518 North 7th Street

Stories-Residences4Year Built1955Building Size-Lot Size-

Payment Calculator

$3,075 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,565

Property Taxes

$510

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 518 North 7th Street

General Information
General Information
  • Sq Ft Liv Area: 2893.0
  • Information Available: Deposit - Security
  • Township Range: 43
  • Street Number Numeric: 518
  • Street Number: 518
  • Street Direction Prefix: N
  • Street Name: 7th St
  • County Or Parish: Palm Beach County
  • Postal Code: 33462
  • City and Location Text: Lantana
  • Pets On Premises YN: No
  • City Postal ID: 33462
Maintenance / Tax Information
  • Tax Amount: $6,118
  • Tax Information: Tax Reflects No Exemptions
  • Tax Year: 2021
Building Information
  • Property Type: Residential Income
  • Property Type Information: Detached
  • Subdivision Complex Bldg: Mantyharju Lantana
  • Total Units: 4
  • Type of Property: Triplex
  • Year Built Numeric: 1955
  • Year Built Description: Resale
  • MLS Area: 5610
Virtual Tour / Features / Utilities
Interior
  • Floor Description: Ceramic Floor
  • Flooring: Ceramic Floor
Exterior
  • Construction Type: Concrete Block Construction, Frame With Stucco
  • Pool: No
  • Roof Description: Comp Shingle Roof
  • Construction: Concrete Block Construction, Frame With Stucco
  • Roof: Comp Shingle Roof
Utilities
  • Cooling Description: Ceiling Fans
  • Heating Description: Central Heat, Electric Heat
  • Cable Available: Yes
  • Separate Meter: Yes
  • Sewer Description: Municipal Sewer
Property / Lot Information
Building Information
  • Unit Count: 4
  • Type of Association: None
  • Zoning Information: R15
  • Num Parking Spaces: 5
  • Num Stories: 2
Community Information
  • Gated Community YN: No
Location Information
  • Area: 5610
  • Directions: PLEASE DO NOT DISTURB THE TENANTS. PLEASE USE YOUR GPS FOR A BETTER WAY TO GET THERE. SEND OFFER THEN INSPECT PROPERTY.
  • Geographic Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Parcel Number Free Text: 40434434090030370
  • Section: 34
  • State: FL
Lot Information
  • Lot Description: Less Than 1/4 Acre Lot
Rent Information
Rent Information
  • Rent Includes: Water

Property History for 518 North 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 518 North 7th Street

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

Lake Worth High School
PublicPK to 12

Lantana Middle School
Public6 to 8

Palm Beach Maritime Academy 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.

Similar Homes

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Similar Sold Homes

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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 Real Estate Home Sales Inc

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.