1051 Lincoln Rd
West
Palm Beach FL 33407
$239,900
3 Beds / 1 Bath - Frame House,
2/1 - 2/1 CBS Duplex
3
1
SQ FT
2,726
6,346
Garage
1958
Buy and Hold
Rental Average SFH
$1400/mo
Duplex Rental Potential
$1150/mo
ARV for both properties
$325K
Construction
2/1 - 2/1 CBS Duplex
AREA
2530
What We Love About This Deal
FEATURES: Great Buy and Hold Opportunity 11% Cap Rate & Over $85k In Equity!! Unique SFH & Detached Duplex. This is a nice 3/1 Property located in Northwood Village area of West Palm Beach. The Frame structure is a 3/1 needs updating and TLC but has a new roof. The Duplex is completely redone including a new roof. Frame side is vacant, Duplex side is occupied tenants are paying under market value only $600 a door. Average rental potential for the SFH is $1,400 a month. Duplex rental potential $1,150 a month. Total $3,600 in Potential rental income. ARV for both properties over $325k.
Terms of contract must be:
- 10% escrow deposit.
- 0 inspection period.
- Assignable contract, buyer must pay ALL closing cost.
- Must close with title company on original contract.
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Disclaimer: House is being sold as-is, and buyer is to pay all closing costs. Buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. All offers on properties require a $3000 to $5000 non-refundable earnest deposit and have an average 7 day close of escrow. Buyers to do their own independent due diligence. Best Inv Group Inc, and its employees make no guarantees concerning property condition, value, characteristics or financial benefits. Best Inv Group Inc have a business relationship with various title agencies. Equal Opportunity Housing. One or more members, directors or employees of Best Inv Group Inc are licensed real estate agents in the state of Florida. There is no agency, expressed or implied, between Buyer and Best Inv Group Inc or any of its members, directors or employees.
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