125 Inlet Way 1, Palm Beach Shores, FL 33404
$5,000,000
Property Type:
Comm/Industry
Baths:
12
Square Footage:
6,718
Status:
Closed
Current Price:
$5,000,000
Last Modified:
6/12/2023
Description
New roof new, AC, electric, refrigerators, new landscaping and freshly painted inside and out
This 12 unit Pool Apartment Building located within 1 block on the Atlantic Ocean and across the street from the Plam Beach Inlet. There are 9 one bedroom units, and 3 studios. 1 Laundry room w/ 2 washers and Dryers, Office, and an Inground Swimming POOL plenty of room for basketball volleyball or tiki hut. There are new seperate electric meters for each unit plus a house meter. The building sits on one of the largest double lots in Palm Beach Shores. A Rare Triplenet Revenue Making Opportunity! 24,000 per month
More Information MLS# RX-10835105
Contract Information
Auction: No
List Price/Bldg SqFt: 908
Status: Closed
Original List Price: 25000
Sold Price: $5,000,000
Current Price: $5,000,000
Listing Date: 2022-09-28
General Property Description
For Sale: Yes
For Lease: No
Property Desc: 12 unit apartment
Acres: 0.49
SqFt Source: Appraisal
# of Stories: 2
Total Units: 12
% Air Conditioned: 100
Type: Hotel-Motel
Subdivision: PALM BEACH SHORES
Year Built: 1962
SqFt - Living: 6718
Baths - Total: 12
Location, Tax & Legal
Geo Area: PB28
Country: United States
State/Province: FL
Tax Year: 2021
Zoning: DISTRI
Real Estate Taxes: 43571.1
Multiple Ofrs Acptd: Yes
Area: 5240
County: Palm Beach
Parcel ID: 54434227040000050
Street #: 125
Street Name: Inlet
Street Suffix: Way
Unit #: 1
Zip Code: 33404
Legal Desc: PALM BEACH SHORES LTS 5 & 6
Geo Lat: 26.77492
Geo Lon: -80.034592
Remarks & Misc
Directions: Blue Heron or Ocean Drive to Lake Drive, south to Inlet Way, east to bldg
Office/Member Info
DXORIGMLNO: RX-10835105
DXORIGMLSID: RML
Status Change Info
Terms of Sale: Conventional
Sold Price/Bldg SqFt: 744.26
Under Contract Date: 2023-03-09
Sold Date: 2023-06-07
Sold Price: $5,000,000
Location
Beach Area: 1
Type of Building
Income: 1
Resident. Multi-Fam.: 1
Sale Includes
Building and Land: 1
Fixtures: 1
Furniture: 1
Inventory: 1
Avail Info
Photos: 1
Construction
Concrete: 1
Avail Docs
Appraisal: 1
Cooling
Ceiling Fan: 1
Wall-Win A/C: 1
Heating
Electric: 1
Tenant Pays
Common Area Maint.: 1
Insurance: 1
Repairs: 1
Taxes: 1
Miscellaneous 1
Fenced: 1
Use
Hotel/ Motel: 1
Income: 1
Mixed: 1
Miscellaneous 2
Pool: 1
Flooring
Ceramic Tile: 1
Utilities
101-200 Amp: 1
Fire Protect
Smoke Detector: 1
Roof
Built-Up: 1
Terms Considered
Cash: 1
Conventional: 1
Possession
Negotiable: 1
Lease
4-6 Years: 1
7-10 Years: 1
Contingencies
None: 1
Property Features
Use: Hotel/ Motel; Income; Mixed
Type of Building: Income; Resident. Multi-Fam.
Construction: Concrete
Location: Beach Area
Sale Includes: Building and Land; Fixtures; Furniture; Inventory
Avail Docs: Appraisal
Miscellaneous 1: Fenced
Miscellaneous 2: Pool
Flooring: Ceramic Tile
Cooling: Ceiling Fan; Wall-Win A/C
Heating: Electric
Fire Protect: Smoke Detector
Tenant Pays: Common Area Maint.; Insurance; Repairs; Taxes
Utilities: 101-200 Amp
Roof: Built-Up
Terms Considered: Cash; Conventional
Lease: 4-6 Years; 7-10 Years
Possession: Negotiable
Contingencies: None
Listing Office:
Logan Realty Inc
Last Updated: June - 12 - 2023
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