Home » West Palm Beach » 509 Lilac Ct, West Palm Beach, FL 33407 | A11466108

Fourplex (Quadruplex) Sold 509 Lilac Ct, West Palm Beach, FL 33407

$2,100,000
closed for a price of $1,825,000

Property Highlights

Listing ID A11466108 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Building Area 6,250 Sqft/580.64 m2 approx. Year Built 2022 Time of this property from published date until Closing Date 130 Days

509 Lilac Ct, West Palm Beach, FL 33407

Property Description: Lilac Village (505,509,512,515,519 Lilac Court)is a collection of five newly constructed single-family homes, located in the highly appreciating and growing market of West Palm Beach, Florida. The turn-key homes, built from 2021-2022, are being sold fully furnished. All of the homes are well appointed 3 bedroom/2 bathrooms currently operating successfully on Airbnb. Lilac Village is situated just south of the highly sought after Northwood Village and just north of the emerging Nora District, which is currently under construction, as well as only 1 mile from the vibrant Downtown area. This portfolio boasts a great opportunity to get into this desirable market with excellent and sustainable new product with zero deferred maintenance. *$3,400 Rent is Pro Forma as Annual Leases

Useful Info

Contingency:Pending Inspections
Previous Asking Price:$2,250,000
Original List Price:$2,250,000
Close Price:$1,825,000

Land Lot (Parcel) Details

Lot Features:
  • 1/4 To 1/2 Acre Lot
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • New Construction
Architectural
Style:
  • Fourplex
Levels:One
Construction Materials:
  • Block
Flooring:
  • Tile
  • Vinyl
Stories:1
Possible Use:
  • Investment

Property Features

Waterfront:No
Roof:
  • Composition
Window Features:
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$24,869

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022
Property Tax Status:Tax Reflects City & County Tax

Terms

Documents Available:
  • Financials
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Buyer Possession:
  • Close Of Escrow
Buyer Financing:
  • Conventional
Lease Considered:No

Community

Subdivision Name:PALM BEACH NORTH
Senior Community:No

Parking

Parking Total Spaces:10
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax InformationTax Reflects City & County Tax
Flood ZoneX
Type of AssociationNone
Style Fourplex
FEMA Flood Zone DesignationsX
Municipal Code74
Subdivision Number18
Buyer Country of ResidenceUSA
Buy StateFlorida

Zoning and Legal

Tax Legal Description:P B NORTH RESUB OF BLKS 7 & 8 LT 16 BLK 10
Real Estate Folio Number (Parcel Number):74434316180100160
Zoning Description:MF14 (ci
Public Survey Township:74
Public Survey Section:16

Listing History

Update/EventDate/Days
Published Date:October 9, 2023 2:52 pm
On Market Date:October 9, 2023
Close Date:February 16, 2024
Price Change Date Time:November 17, 2023 2:19 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:February 20, 2024 12:13 pm
Status Last Changed:February 20, 2024 12:13 pm
Photos Last Modified:October 9, 2023 7:04 pm
Last Modified:February 20, 2024 5:13 pm
Days on the Market Reference Date:February 20, 2024
Days on the Market (updated on Last Modified*):85
Cumulative Days on the Market (updated on Last Modified**):85

Additional Information

Lot Size Range:1/4 To Less Than 1/2 Acre Lot
Number of Photos:43
Location:,,1/4 To Less Than 1/2 Acre Lot
Included:,,
Geographical Area:Palm Beach 5420; 5430; 5440
Area:5420
Automated Valuation Display:Yes
Courtesy of:ONE Commercial LLC
Universal Property Id:US-12099-N-74434316180100160-R-N

Location

Show Property Address:Yes
Street Name:Lilac Ct
Street Number:509
Street Address:509 Lilac Ct
City : West Palm Beach
State : Florida
Zip Code : 33407
County : Palm Beach County
Full Address:509 Lilac Ct, West Palm Beach, FL 33407
Latitude:N26° 43' 43.7''
Longitude:W81° 56' 40.7''

Neighborhood

Postal City:West Palm Beach

Property Map