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Updated over 5 years ago on . Most recent reply

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Carlos Sanchez
  • Pompano Beach, FL
0
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3
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West Palm Beach Triplex

Carlos Sanchez
  • Pompano Beach, FL
Posted
Could use help making a final decision. Here's what I have; West Palm Beach triplex 322k Unit 1: 2/1 1,050 sqft Rented for 1,175 until 3/1/2018 Unit 2(upstairs to unit 1): 2/1 970 sqft Rented for 1,300 until 12/1/17 Unit 3 (detached with private parking): 1/1 620 sqft Rented for 900 until 3/1/18 Has a one car garage that I can convert to a 2nd bedroom (estimated cost 5k) Built in 1929 bought two years ago by seller Claiming to have done 130k worth of work Both building are flat roofed Separate electrical and owner pays water Last triplex sold august, 2016 for 302k that had smaller units Financing: 3.5% down fha 4% P&I: 1,477.50 Taxes: 443 monthly Insurance: 384 monthly (high estimate) (I will live in extra built room in unit 3 for 6 months) Good or bad deal?

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25
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14
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Kishia Ward
  • Atlanta, GA
14
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25
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Kishia Ward
  • Atlanta, GA
Replied

I am actually from that area and zip code, can you provide more details such as street and I can give you a better idea. Our zip code is kinda different depending on where your are located and on what side of 95 you are on.

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