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Residential

5314 Lake

West Palm Beach, FL 33405

ML#:R10814271
List Price:$356,500
Status:Closed
Days on Market:60
Listing Brkr:KW Reserve Palm Beach
Subdivision:SOUTHERLY HILL
Bedrooms:2
Baths:1
SqFt (Liv):672
Lot Size:0.12 acres
Year Built:1947
Stories:1

General Information

Type Property:Residential
Style:Single Family Residence
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33405
Subdivision:SOUTHERLY HILL
Latitude:26.666196
Longitude:-80.061347

Rooms

Total Rooms:4
Bedrooms:2
Full Baths:1
Half Baths:0
Laundry:Laundry Room, Utility Room/Laundry

Additional Features

Interior:Stacked Bedroom, Storage, Utility Room/Laundry
Exterior:Fruit Trees, Room For Pool
Appliances:Dryer, Microwave, Electric Range, Refrigerator, Washer
Heating:Central, Electric, Solar
Cooling:Central Air, Electric
Construction:Aluminum Siding, Concrete Block Construction
Waterfront:No
Furnished:Unfurnished
Pets Allowed:Yes
Community:Sidewalks

Financial Information

Annual Taxes (2021):$5,586
Original Price:$369,000
Days on Market:60

Remarks

Great investment or starter home for anyone looking to create a passive stream of income. Priced below market value, so new owners will immediately have equity (home appraised at 369k). This property offers the opportunity to convert the detached structure into a rental property, office space, mother-in-law suite... the possibilities depend on your creativity. Potential earnings are estimated around $3000/month and above (ask me how). That's potentially around $36k a year and a cap rate of 7%!! Brand new solar panels installed 2022, electricity bill historically as low as $70/month for both properties and comes with 25 year warranty. New A/C unit installed in 2019!! Sprinkler System on Well - overall saving you tons of $$$ on your overhead!!! The main home is a 2 bedroom 1 bath featuring. The main home is a 2 bedroom 1 bath featuring a huge private fenced yard with spacious covered patio and outdoor kitchen. Freshly painted inside and out, new and beautiful sod and landscape boasting 2 avocado, 2 mango trees, and space for a pool/RV/Boat! Complete set of Hurricane Panels for home included. 1 year transferable termite bond also included!! Minutes from intercoastal, Beaches, City Place, Downtown West Palm Beach, Palm Beach Intl Airport, shopping, restaurants, estate sales, and local attractions!! Just as charming as it appears in photos yet more impressive in person, you definitely don't want to miss your opportunity to see this home!

Listing Agent

Erica Batista

KW Reserve Palm Beach

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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