NOT LISTED IN MLS!

Description: 3 Bed/2 Bath CBS house, 1100 s.f. under air.  Has brand new roof.  The property also includes an extra garage/building in the back.  Garage space for a car is still there, but a bathroom has been added.  Could be converted to a mother-in-law or efficiency suite.

Repairs: Needs interior updating.  3rd bedroom does not have a closet.

Property is currently occupied by a month-to-month tenant at $750/month.

For more info. or to see the property, call J. J. at 561-339-5885.

Pictures and video are below:

Please click on the link in the flyer below to view all pictures and details.

Please click on link in flyer below to view pictures and details.

J. J. Mangan is a licensed FL real estate agent

561-339-5885

Please click on the link in the flyer below to expand it to view all details.  When you’re ready to see this property, call 561-339-5885.

Please click on the link in the flyer below to expand it to view all details.

Please click on the link in the flyer below to expand it to view all details.

Please click on the link in the flyer below to expand it to view all details.

Description – 3 bed/1 bath cbs house, built 1954, approx. 1000 sq ft living area; has central air/heat; roof only 3 yrs. old; tile throughout. 

Repairs - Needs kitchen, bath, paint, couple broken window panes.  Est. $12-15K in repairs. 

Location – On High Street, East of Parker Ave. and west of S. Dixie Hwy. in West Palm Beach

Comps:  After Repair Value = $150K.  Tax Value = $170k+.  Use the contact form on the right side of the page to request a copy of the comps we used be sent to you via email. 

Terms:  Cash or hard money/equity only.  Must be able to close quickly.   

For more information, the house #, or to get access inside the property, call J. J. at 561-339-5885. 

Please click on the link in the flyer below to expand it to view all details. 

Palm Beach County Property Appraiser Information 

Repairs - Needs kitchen, bath, paint, minor drywall in spots, patio screens, 2 broken window panes, landscaping, central air.  Est. $15K in repairs. 

Other Info. – There is a carport that could potentially be converted to add an extra bathroom and/or bedroom.  Roof is approx. 10 yrs. old and in good condition.  Electrical system is on breaker box, appears to be 150 Amp. 

Map:  Click on the map link in the flyer above.  You must open up the flyer first, then you’ll see it on the left hand side towards bottom. 

Comps:  After Repair Value = $120K.  Use the contact form on the right side of the page to request a copy of the comps we used be sent to you via email. 

Terms:  Cash or hard money/equity only.  Must be able to close quickly.  Contract requires that Buyer pays all closing costs.  Taxes will be pro-rated at closing. 

For more information or to get access inside the property, call J. J. at 561-339-5885. 

Just click on the link in the flyer above to see the full flyer version with all details and pictures.  To ask a question or see the property, use the Contact Us form on the right hand side of the page, or call 561-339-5885. 

2 CBS houses, built 1957, both with new roofs, on one corner lot.  Main house is 2 bed/1 bath, Guest house is 1 bed/1 bath (has a kitchen).  Located in historic Lake Worth in redeveloping area, new construction nearby.  Main house is rented to a month-to-month tenant who’s been there 5 years, has a history of on-time payments, and is paying $800 per month.  The guest house is currently vacant and needs work before renting, but once fixed up, should bring in $500 per month.  The main house could rent for $900+ once some repairs are made.  That brings total potential cashflow to $1,400+ per month!

REPAIRS

Main house – In rentable condition.  Does not have central A/C and could use an electrical upgrade.  Cosmetics at your discretion.  Has some jalousy windows.  Has a new roof.  Est. repair cost is $13K.

Guest House – Needs drywall from prior ceiling damage, flooring, windows.  Does not have central A/C, but electrical has been upgraded to breaker box.  You can probably save the kitchen cabinets.  Has a new roof.  Estimated cost of these repairs is $12K, making total repair estimate for both houses $25K.

PICTURES – Main House

◄ Back

Next ►

Picture 1 of 7

front of house

PICTURES – Guest House

◄ Back

Next ►

Picture 1 of 9

front of house

Recomended Strategy – The 2 houses are a real advantage with this property.  Since the guest house is in need of more repair before it’s rentable, you might want to fix that up while keeping tenant in place in the main house.  Once guest house repairs are complete, rent out, then move on to any repairs you want to make to the main house. 

Comps - they support a value of $200K+; tax value from county is $208,700.  That makes the Asking Price less than 50% of tax value!  For a full set of comps in pdf format, send a request using the Contact Us form on right hand menu. 

Map

Terms – Cash or Hard Money only.  If you need hard money lenders, I can direct you to some. 

Access to Property – Drive-by, then call for an appointment to view. Do not disturb the tenants. We can be reached at (561) 339-5885 or through the Contact Us form on the right side menu.