Bought with Onalim Brokerage Services, Inc
$3,950,000
$4,250,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
2638 Lake DR 1 Singer Island, FL 33404
14 Baths
7,870 SqFt
Key Details
Sold Price $3,950,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 7,870 sqft
Price per Sqft $501
Subdivision Palm Beach Shores
MLS Listing ID RX-10808885
Sold Date 10/31/22
Construction Status Resale
Abv Grd Liv Area 28
Year Built 1972
Annual Tax Amount $28,044
Tax Year 2021
Lot Size 0.260 Acres
Property Description
Hidden Gem, 5-Star-Rated Turn-Key Vacation Rental known as Singer Island Escape. Rare 8-PLEX bldg with license to run short-term rental. Complete & fully permitted high-end remodel features new kitchens, baths, floors, hurricane impact windows & doors, HVAC, roof, plumbing, tankless HWH, electrical. Units 1 to 6: 2br/1.5ba. Unit 7: very large 1/1 convertible to 2/1. Unit 8: 2/1. Great outdoor space for entertaining on oversized lot! Vacation rental units include furnishings in sale! Lush serene landscaped getaway. Excellent operator with hundreds of 5-star reviews, easy to manage, high-end furniture/decor, serious operation, cash-cow! 2-story, 15-br's, 8-full-ba's, 6-half-ba's. Tremendous investment opportunity walking distance to the beach & everything downtown Singer Island has to offer.
Location
State FL
County Palm Beach
Area 5240
Zoning OP
Interior
Heating Central, Central Individual
Cooling Central, Central Individual
Flooring Tile
Fireplaces Type Smoke Detector
Exterior
Utilities Available Electric, Public Water
Roof Type Comp Rolled
Building
Story 100.00
Foundation Block, CBS, Concrete
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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