4330 Gun Club Road, West Palm Beach, FL 33406
$15,250,000
Property Type:
Residential Income
Square Footage:
66,070
Status:
Closed
Current Price:
$15,250,000
Last Modified:
5/25/2022
Description
The community of Casa del Sol is a rare opportunity to acquire a fully occupied, newly built, rental community located in the highly sought West Palm Beach, Florida market. The twenty-nine, 3 bedroom, 2.5 bath townhomes w/ attached garages are in high demand and are generating record rents. Further opportunity to build between 5 and 30 additional units exists. An undeveloped parcel of just under 1.5 acres is included in the sale and a preliminary site plan exists. Features include: CBS construction, impact windows & doors, open layouts, modern finishes, high ceilings, quartz surfaces, & stainless-steel appliances. There is no better opportunity to enter into one of the most in-demand markets in the country. Verification of funds and/or lending commitment and signing an NDA is required.
More Information MLS# RX-10775672
Contract Information
Listing Date: 2022-02-08
Status: Closed
Original List Price: 16250000
Auction: No
Sold Price: $15,250,000
Current Price: $15,250,000
List Price/SqFt: 245.95
General Property Description
Type: Duplex
Total # of Units: 34
Property Condition: New Construction
Year Built: 2021
Number of Stories: 2
SqFt - Total: 80248
SqFt - Living: 66070
SqFt Source: Tax Rolls
Gated Community: No
Garage Spaces: 48
Homeowners Assoc: None
Directions: 4330 Gun Club Rd West Palm Beach, FL 33406
Subdivision: Casa del Sol - West Palm Beach, FL 33406
Development Name: Casa del Sol
Lot SqFt: 215622
Waterfront: No
Private Pool: No
Pets on Premises: Yes
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location Tax Legal
Area: 5480
County: Palm Beach
Parcel ID: 00424401370010000
Street #: 4330
Street Name: Gun Club
Street Suffix: Road
Zip Code: 33406
Legal Desc: CASA DEL SOL
Geo Lat: 26.672576
Geo Lon: -80.108796
Status Change Info
Under Contract Date: 2022-03-09
Sold Date: 2022-05-23
Sold Price: $15,250,000
Terms of Sale: Cash
Sold Price/SqFt: 230.81
Unit 1 Info
Bedrooms: 3
Full Bath: 2
Half Bath: 1
Furnished: No
SqFt: 2612
Monthly Income: 3200
Unit 2 Info
Bedrooms: 3
Full Bath: 2
Half Bath: 1
Furnished: No
SqFt: 2184
Monthly Income: 2795
Income Expenses
Annual Total Expense: 239026
Annual Net Oper Inc: 750494
Storm Protection
Impact Glass: Complete
Property Features
Source of Expenses: Books; Owner
Construction: CBS
Waterfront Details: None
Unit 1 Desc: Dishwasher; Disposal; Dryer; Electric Meter; Kitchen; Laundry; Microwave; Range - Electric; Refrigerator; Smoke Detector; Walk-in Closets; Washer; Patio
Unit 1 Parking: Garage - Attached
Unit 2 Desc: Dishwasher; Disposal; Dryer; Electric Meter; Laundry; Microwave; Range - Electric; Refrigerator; Smoke Detector; Walk-in Closets; Washer; Den/Family; Patio
Unit 2 Parking: Carport - Attached
Lot Description: 4 to < 5 Acres
Exterior Features: Auto Sprinkler; Covered Patio; Fence; Open Patio; Room for Pool
Maintenance Fee Incl: None
Tenant Pays: Cable; Electric; Insurance; Sewer; Sewer; Water
Restrict: Buyer Approval
Flooring: Tile
Cooling: Electric
Heating: Electric
Roof: Concrete Tile
Terms Considered: Cash; Conventional
Utilities: Public Water; Well Water
Window Treatments: Blinds; Impact Glass
Taxes: County Only
Avail Info: Accounting; Deposit; Leases; Other
Possession: At Closing
Contingencies: Inspection
Listing Office: Mangrove Property Management LLC
Last Updated: May - 25 - 2022
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