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1301 Periwinkle Place, Wellington, FL 33414 (MLS# R10377135)

1301 Periwinkle Place, Wellington, FL 33414

$840,000

Property Type: Residential Income Square Footage: 5,760 Status: Closed

Current Price: $840,000 List Date: 10/28/2017 Last Modified: 5/22/2026

Overview

Description

Great investment opportunity in the heart of Wellington! Four units, CBS construction, each unit has 3 bedrooms, 2 baths, 1 car garage, and an extensive driveway. Featuring a nicely renovated kitchen with granite counter tops, floor tile through out, and a well kept private backyard.100% leased out. Rent is way below market value, comps in the area rent @ $1,650 per month. Potential income $79,200 Fantastic location, only half block away from 2 major shopping plazas. Close to Wellington Equestrian facilities. Rated A school zone. No HOA. Please only drive by do not disturb tenants. All information and measurements are approximate and is to be verified by buyer and/or buyer's agent. Don't miss this tremendous opportunity. A LOT OF POTENTIAL!!! CALL to schedule a showing

Listing Details MLS# R10377135

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 5760
Building Area Source: Public Records
Living Area Main: 4744
Year Built: 1984
Lot Size Area: 19401
Lot Size Acres: 0.45
Lot Size Dimensions: 80.0 ft x 0.0 ft
Senior Community YN: No
Stories: Yes
Pool Private YN: No

Property Features

Association Amenities: None Documents Available: Copy Of Lease(s) Fencing: Fenced Flooring: Ceramic Tile Property Condition: Resale Tenant Pays: Cable TV; Electricity; Sewer; Water Source Of Expenses: Pro Forma; Other Construction Materials: CBS Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional Possession: Negotiable Restrictions: No Restrictions Roof: Composition Sewer: Public Sewer Tax Information: City/County Utilities: Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Occupied Unit 1 Other Equipment: Air Conditioning Unit Unit 2 Other Equipment: Air Conditioning Unit Unit 3 Other Equipment: Air Conditioning Unit Unit 4 Other Equipment: Air Conditioning Unit Contingencies: Backup Contract/Call LA Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 850000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1301
Street Name: Periwinkle
Street Suffix: Place
City Name: Wellington
State Or Province: FL
Postal Code: 33414
Postal Zip: 33414
Subdivision Name: SUGAR POND MANOR OF WELLINGTON
Area: 5520
Geographic Area: PB24
Parcel Number: 73414404010600390
Zoning: WELL_P
Directions: Greenview shores Blvd. to Periwinkle Pl.

Financial Information

Tax Annual Amount: 9384.12
Tax Year: 2016
Tax Legal Description: SUGAR POND MANOR OF WELLINGTONLT 39 BLK 60

Status Change Information

Major Change Timestamp: 2018-01-06T01:20:36Z
Major Change Type: Status Change
Status Change Date: 2018-01-05
Under Contract Date: 2017-11-20
Close Date: 2018-01-05
Close Price: 840000
Buyer Financing: Cash

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 11200
Gross Income: 66600
Net Operating Income: 55400

Unit 1 Details

Actual Rent: 1300
Baths Full: 2
Furnished: Unfurnished
SqFt: 1440

Unit 1 Parking Details

Garage YN: Yes
Attached Garage YN: Yes

Unit 2 Details

Actual Rent: 1400
Baths Full: 2
Furnished: Unfurnished
SqFt: 1440

Unit 2 Parking Details

Garage YN: Yes
Attached Garage YN: Yes

Unit 3 Details

Actual Rent: 1450
Baths Full: 2
Furnished: Unfurnished
SqFt: 1440

Unit 3 Parking Details

Garage YN: Yes
Attached Garage YN: Yes

Unit 4 Details

Actual Rent: 1400
Baths Full: 2
Furnished: Unfurnished
SqFt: 1440

Unit 4 Parking Details

Garage YN: Yes
Attached Garage YN: Yes

Price Calculations

Current Price To SqFt: 177.06
Original List Price To Close Price: 1.01

Originating Details

Originating System Key: 20171027022129850673000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

None: Yes

Flooring

Ceramic Tile: Yes

Property Condition

Resale: Yes

Documents Available

Copy Of Lease(s): Yes

Fencing

Fenced: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Sewer: Yes
Water: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Sewer Available: Yes
Water Available: Yes

Heating

Central: Yes

Water Access

None: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Source Of Expenses

Pro Forma: Yes
Other: Yes

Cooling

Central Air: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Occupied: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes

Contingencies

Backup Contract/Call LA: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Listing Office: Atlantic Florida Properties Inc

Last Updated: May - 22 - 2026

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1301 Periwinkle Place, Wellington, FL 33414 (MLS# R10377135)