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$1,200,000

Beds
Unknown
sq ft
3,084

4338 Forest Rd, West Palm Beach, FL 33406

4338 Forest Rd

West Palm Beach, FL 33406

  • 36 days on market
Exceptional investment opportunity! QUADPLEX PLUS LAND LOT! This updated quadplex with no HOA offers impact windows throughout plus separate water & electric meters for each unit. The property is 100% occupied with great tenants, generating a super strong cap rate!Included in the sale is the adjacent vacant land lot 0 Preston Dr, bringing the total combined lot size to over half an acre. This prime land unlocks tremendous upside potential for future development, additional units, or value-add opportunities in a high-demand rental market.Whether you're looking for steady rental income, expansion opportunities, or a high-performing asset in a sought-after location, this property checks all the boxes. Don't miss out on this rare multifamily + land package!

Details

Property type

Lot size

0.28 acres

Price per sq ft

$390

Year built

1988

Annual property taxes

$8,814

Price History

02/24/2025
Beaches

Beaches #R11065545

Listed
$1,200,000
+155.32%
10/17/2019
Beaches

Beaches #R10555060

Sold
$470,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$737,710
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$366,290
Cash to seller
$737,710

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

October 2019

Original loan amount

$412,087

Est. remaining balance

$366,290

Interest rate

3.58%

Loan type

FHA, 30 year

Seller

Carlos Cecilio Fabrica

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?

Status: Active

Tomo last checked: 04/01/2025 at 7:50 AM

Listing updated: 03/10/2025 at 9:25 AM

Listed by: David Joseph, The Keyes Company Phone #: (561) 405-4960

MLS: Beaches #R11065545

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