3164 Melaleuca Road West Palm Beach FL 33406 MLS #RX-10847197

3164 Melaleuca Road
West Palm Beach, FL, 33406
$1,395,000
Beds
0 Baths
4,371 SqFt
0.86 Acres
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Completely renovated in 2021 with no Associations or restrictions at a 6% CAP! All 4 units fully leased to average date of October 2023. The parcel is just under a full acre, consists of a single family pool home (3BD/3BTH) and a triplex (3 2BD/1BTH). All 4 units have new roofs, new impact windows & doors, new AC units, new kitchens & bathrooms, new life proof flooring, new appliances, individual washers & dryers, separate utilities, new pool pump & new sprinkler pump. All units freshly painted, equipped w/ high-end lighting, fans & Moen / Kohler hardware, new fenced-in private backyard. The complex’s parking lot was recently redone with new asphalt, striping & car-stops. True turnkey property will not require any major repairs for many years. Do not disturb tenants.

Property Details

Price:
$1,395,000
MLS #:
RX-10847197
Status:
Closed ((Jan 31, 2023))
Baths:
0
Address:
3164 Melaleuca Road
Type:
Residential Income
Subtype:
Quad Plex
Subdivision:
LAGUNA PARK 2
City:
West Palm Beach
Listed Date:
Nov 20, 2022
State:
FL
Finished Sq Ft:
4,371
ZIP:
33406
Lot Size:
37,327 sqft / 0.86 acres (approx)
Year Built:
1977
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Cynthia Nalley

Cynthia Nalley

Managing Broker

Cell Phone 561 309-7770

Cynthia Nalley is Co-Broker of Acquire Palm Beach and manages the business operations in addition to real estate transactions. She is a Project Management Professional (PMP) who has created technology systems and managed complex projects for SunTrust, Citibank, JP Morgan Chase, and many more. Cynthia is a longtime Downtown West Palm Beach resident and advocate. She serves on the WPB Downtown Development Authority Board of Directors and is Vice President of the WPB Downtown Neighborhood Associa…

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Schools

Interior

Cooling
Ceiling Fan, Central
Flooring
Carpet, Ceramic Tile, Vinyl Floor, Wood Floor
Heating
Central, Other
Window Treatments
Hurricane Windows, Impact Glass, Verticals

Exterior

Construction
C B S
Development Name
L A G U N A P A R K
Exterior Features
Auto Sprinkler, Custom Lighting, Fence, Room for Pool, Screen Porch, Screened Balcony, Screened Patio, Shed, Zoned Sprinkler
Garage Spaces
1.00
Homeowners Assoc
None
Lot Description
1/2 to < 1 Acre, Paved Road, Private Road, Public Road
Private Pool
Concrete, Equipment Included, Inground
Roof
Comp Shingle
Waterfront Details
Lake

Financial

Gross Operating Income
$111,000
H O A Fee
$0
Net Operating Income
$83,104
Taxes
$0
Utilities
Cable, Electric, Public Water, Septic

Map

Community

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Listing courtesy of Blue Water Real Estate Group, (561)–598–6900

© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed.
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3164 Melaleuca Road
West Palm Beach, FL