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3201 Drew Way

Palm Springs, FL 33406
  • $470,000
  • STATUS: Active Under Contract
  • ON SITE: 24 Days
  • MLS #: RX-10748849
Under Contract
UPDATED: 50 min ago
$470,000
  • 4
    BEDS
  • 1/2 to 1 Acre
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 1,691
    SQFT
  • $278
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1954
County:
Area:

School Ratings & Info

Description

Opportunity Knocks!! This property sits on over 1/2 acre of land located in beautiful Palm Springs. This is a spectacular investment opportunity with an approximate 8% cap rate! There are 2 tenants in place leasing month to month and the 3rd tenants are leased until Feb 26th, 2022. The main house boast 2 bedrooms, 1 full bath plus a den that can be converted easily to a 3rd bedroom. The home also features a studio with its own private entrance, a kitchenette, and 3/4 bathroom. The Guest house has its own private parking space with plenty of room for a boat, truck or RV. Inside features a full kitchen overlooking a spacious living room, 1 bedroom, 1 full bath and an oversized mud room which could be used for storage or laundry/pantry. This beautiful lot has so much potential!

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www.thebannongroup.com/homes/121938339
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3201 Drew Way Palm Springs, FL 33406

  • Price: $470,000
  • Status: Active Under Contract
  • Updated: 50 min ago
  • MLS #: RX-10748849
4
Beds
2
Baths
1
½ Baths
1/2 to 1 Acre
Acres
1,691
SQFT
$278
$/SQFT
1954
Built
Neighborhood:
Drew Manor
County:
Palm Beach
Area:
Palm Springs
Property Description
Opportunity Knocks!! This property sits on over 1/2 acre of land located in beautiful Palm Springs. This is a spectacular investment opportunity with an approximate 8% cap rate! There are 2 tenants in place leasing month to month and the 3rd tenants are leased until Feb 26th, 2022. The main house boast 2 bedrooms, 1 full bath plus a den that can be converted easily to a 3rd bedroom. The home also features a studio with its own private entrance, a kitchenette, and 3/4 bathroom. The Guest house has its own private parking space with plenty of room for a boat, truck or RV. Inside features a full kitchen overlooking a spacious living room, 1 bedroom, 1 full bath and an oversized mud room which could be used for storage or laundry/pantry. This beautiful lot has so much potential!
Exterior Features

Carport Spaces 1.00 Construction Cbs Design Ranch Exterior Features FenceShed Front Exposure South Guest House 1 Bath1 BedroomsKitchenLiving Room Lot Description 1/2 To < 1 Acre Parking Carport - AttachedCoveredDriveway Private Pool YN No Roof Comp Shingle Storm Protection None Waterfront Description None Waterfront YN No

Interior Features

Baths Total 2.10 Cooling Wall-Win A/C Equipment Appliances Included DishwasherRange - ElectricRefrigeratorWasher/Dryer Hookup Flooring CarpetLaminateTile Furnished Unfurnished Heating Window/Wall Interior Features None Master Bedroom Bath None Rooms Den/OfficeLaundry-Util/Closet Sq Ft Guest House 651.00

Property Features

Built Desc Resale Contingent Active Under Contract Contingents AppraisalFinancing Governing Bodies None Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Membership No Membership Avail Membership Equity YN No Pets Allowed Yes Possession At Closing REO No Restrictions None Security None Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Special Info Sold As-Is Sq Ft Total 2375.00 Subdivision Amenities None Tax Amount 6202.00 Tax Year 2020 Taxes No Homestead Terms Considered CashConventionalFhaVa Utilities CableElectric Zoning Rs

Listing provided courtesy of True Floridian Realty. Listing information © 2021 BeachesMLS
 
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