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3164 Melaleuca Road, West Palm Beach, FL 33406 (MLS# R10847197)

3164 Melaleuca Road, West Palm Beach, FL 33406

$1,395,000

Virtual Tour

https://www.propertypanorama.com/3164-Melaleuca-Road-West-Palm-Beach-FL-33406/unbranded

Property Type: Residential Income Square Footage: 4,371 Status: Closed

Current Price: $1,395,000 List Date: 11/20/2022 Last Modified: 5/17/2026

Overview

Description

Completely renovated in 2021 with no Associations or restrictions at a 6% CAP! All 4 units fully leased to average date of October 2023. The parcel is just under a full acre, consists of a single family pool home (3BD/3BTH) and a triplex (3 2BD/1BTH). All 4 units have new roofs, new impact windows & doors, new AC units, new kitchens & bathrooms, new life proof flooring, new appliances, individual washers & dryers, separate utilities, new pool pump & new sprinkler pump. All units freshly painted, equipped w/ high-end lighting, fans & Moen / Kohler hardware, new fenced-in private backyard. The complex's parking lot was recently redone with new asphalt, striping & car-stops. True turnkey property will not require any major repairs for many years. Do not disturb tenants.

Listing Details MLS# R10847197

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 4371
Building Area Source: Public Records
Living Area Main: 4251
Year Built: 1977
Gated Community YN: No
Lot Size Area: 37327
Lot Size Acres: 0.86
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories: Yes
Pool Private YN: Yes
Spa YN: No

Property Features

Association Amenities: Picnic Area; Playground Documents Available: None Electric: Three Phase Exterior Features: Custom Lighting Fencing: Fenced Flooring: Carpet; Ceramic Tile; Vinyl; Wood Property Condition: Resale Structure Type: Quadruplex Tenant Pays: Cable TV; Electricity; Insurance; Repairs; Taxes; Water Source Of Expenses: Books; Owner Provided; Other Construction Materials: CBS Cooling: Ceiling Fan(s); Central Air Heating: Central; Other Listing Terms: Cash; Conventional Lot Features: Room for Pool Other Structures: Shed(s) Pool Features: Concrete; Equipment Included; In Ground Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: Private Road; Public Road Road Surface Type: Paved Roof: Composition Sewer: Septic Tank Special Information: Sold As-Is Sprinkler Description: Auto Sprinkler; Zoned Sprinkler Tax Information: County Only; No Homestead Utilities: Cable Available; Water Available Water Source: Public Waterfront Features: Lake Front Window Features: Blinds; Storm Window(s) Showing Requirements: Appointment Only; Schedule Online; See Remarks Outdoor Living Spaces: Balcony; Patio; Porch Balcony Details: Balcony - Screened Patio Details: Patio - Screened Porch Details: Porch - Screened Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Interior Features: Split Bedroom Plan Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen; Separate Dining Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Interior Features: Split Bedroom Plan Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 2 Rooms: Family Room; Kitchen; Separate Dining Unit 3 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 3 Interior Features: Split Bedroom Plan Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 3 Rooms: Family Room; Kitchen; Laundry Room; Separate Dining Unit 4 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 4 Interior Features: Split Bedroom Plan Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Open Parking Unit 4 Rooms: Family Room; Kitchen; Separate Dining; Utility Room Contingencies: None Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1395000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 3164
Street Name: Melaleuca
Street Suffix: Road
City Name: West Palm Beach
State Or Province: FL
Postal Code: 33406
Postal Zip: 33406
Subdivision Name: LAGUNA PARK 2
Development Name: LAGUNA PARK
Area: 5480
Geographic Area: PB21
Special Assessment YN: No
Parcel Number: 00434407030030081
Zoning: RM
Directions: Southern Blvd..West to Congress Ave..South to Melaleuca Road..West to property located next to church.
Multiple Offers Accepted: No

Financial Information

Tax Annual Amount: 13596
Tax Year: 2022
Tax Legal Description: LAGUNA PARK NO 2, SLY 175 FT OF TRGLR SHAPED PAR OF W 95.74 FT OF LT 8 & E 24.26 FT OF LT 9 K/A PAR A BLK 3

Status Change Information

Major Change Timestamp: 2023-02-02T19:04:03Z
Major Change Type: Status Change
Status Change Date: 2023-02-02
Under Contract Date: 2023-01-30
Close Date: 2023-01-31
Close Price: 1395000
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: 27896
Gross Income: 111000
Net Operating Income: 83104

Storm Protection

Impact Glass: Complete
Other Protection: Complete

Showing Details

Pet(s) on Premises: Yes

Unit 1 Details

Actual Rent: 2000
Baths Full: Yes
Furnished: Unfurnished
SqFt: 899

Unit 1 Lease Description

Lease Expiration: 2023-08-31

Unit 2 Details

Actual Rent: 2000
Baths Full: Yes
Furnished: Unfurnished
SqFt: 899

Unit 2 Lease Description

Lease Expiration: 2023-09-30

Unit 3 Details

Actual Rent: 2000
Baths Full: Yes
Furnished: Unfurnished
SqFt: 899

Unit 3 Lease Description

Lease Expiration: 2023-09-30

Unit 4 Details

Actual Rent: 3250
Baths Full: 3
Furnished: Unfurnished
SqFt: 1554

Unit 4 Lease Description

Lease Expiration: 2023-10-31

Unit 4 Parking Details

Garage YN: Yes
Attached Garage YN: Yes

Price Calculations

Current Price To SqFt: 328.15
Original List Price To Close Price: Yes

Originating Details

Originating System Key: 20221119022821635841000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Application Fee Details

Application Fee: 0

Association Amenities

Picnic Area: Yes
Playground: Yes

Electric

Three Phase: Yes

Exterior Features

Custom Lighting: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes
Vinyl: Yes
Wood: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

None: Yes

Fencing

Fenced: Yes

Structure Type

Quadruplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Insurance: Yes
Repairs: Yes
Taxes: Yes
Water: Yes

Other Structures

Shed(s): Yes

Possession

Close Of Escrow: Yes

Sewer

Septic Tank: Yes

Utilities

Cable Available: Yes
Water Available: Yes

Heating

Central: Yes
Other: Yes

Sprinkler Description

Auto Sprinkler: Yes
Zoned Sprinkler: Yes

Window Features

Blinds: Yes
Storm Window(s): Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Room for Pool: Yes

Pool Features

Concrete: Yes
Equipment Included: Yes
In Ground: Yes

Road Frontage Type

Private Road: Yes
Public Road: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Waterfront Features

Lake Front: Yes

Source Of Expenses

Books: Yes
Owner Provided: Yes
Other: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Showing Requirements

Appointment Only: Yes
Schedule Online: Yes
See Remarks: Yes

Restrictions

No Restrictions: Yes

Tax Information

County Only: Yes
No Homestead: Yes

Outdoor Living Spaces

Balcony: Yes
Patio: Yes
Porch: Yes

Balcony Details

Balcony - Screened: Yes

Patio Details

Patio - Screened: Yes

Porch Details

Porch - Screened: Yes

Contingencies

None: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Interior Features

Split Bedroom Plan: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes
Separate Dining: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Interior Features

Split Bedroom Plan: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Family Room: Yes
Kitchen: Yes
Separate Dining: Yes

Unit 3 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 3 Interior Features

Split Bedroom Plan: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes
Separate Dining: Yes

Unit 4 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 4 Interior Features

Split Bedroom Plan: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Parking Features

Open Parking: Yes

Unit 4 Patio/Porch

Patio/Porch: Yes
Screened Porch: Yes

Unit 4 Rooms

Family Room: Yes
Kitchen: Yes
Separate Dining: Yes
Utility Room: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes

Listing Office: Blue Water Real Estate Group

Last Updated: May - 17 - 2026

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