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$298,000

Beds
2
Baths
1.0
sq ft
846

2401 Avenue Q, Riviera Beach, FL 33404

2401 Avenue Q

Riviera Beach, FL 33404

  • 34 days on market
Licensed, done for you corporate/ vacation rental property for sale in West Palm Beach/ Riviera Beach area. Turn key investment opportunity available. 8.5% cap rate with potential for more. Carport can be enclosed to create a master bedroom/ 3rd bdrm with ensuite bath increasing the value of investment. Existing plumbing for bathroom exists in carport. Additionally carport features a utility sink and washer and dryer currently. Fenced back yard for small dogs. Large side yard for a shed, boat parking or future ADU if investor. Property is 1 mile from the water for boaters/ divers to go out to beautiful Peanut Island and explore Palm Beach by boat. This an amazing opportunity for the right buyer.

Details

Property type

Single Family Residence

Est. home value

$237,203

Lot size

6,013 sq ft

Price per sq ft

$353

Year built

1963

Annual property taxes

$2,203

Price History

11/18/2024
Beaches

Beaches #R11038371

Listed
$298,000
+2383.33%
11/23/2020
SEF

SEF #A10841052

Sold
$12,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Number of units in community: 

1

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$167,068
Asking price
$298,000
Closing costs (~8% of asking)
-$23,840
Est. remaining loan balance
-$107,092
Cash to seller
$167,068

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

November 2020

Original loan amount

$117,826

Est. remaining balance

$107,092

Interest rate

2.87%

Loan type

FHA, 30 year

Seller

Bryan Robert Ball

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 2:40 PM

Listing updated: 12/10/2024 at 1:00 PM

Listed by: Leah Ball, One Sotheby's International Re Phone #: (561) 694-0058

MLS: Beaches #R11038371

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