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318 Minnesota Street 1, Lantana, FL 33462 (MLS# R10524726)

318 Minnesota Street 1, Lantana, FL 33462

$385,000
Property Type: Residential Income Square Footage: 2,759 Status: Closed
Current Price: $385,000 List Date: 6/12/2019 Last Modified: 5/25/2026

Overview

Description

Great Triplex - Fully rented with long term Tenants. Fully renovated. ROI of 11% Unit 1 Lease(1,275 x 12) = $15,300 Unit 2 Lease (1,100 x 12) = $13,200 Unit 3 Lease (1,300 x 12) = $15,600

Listing Details MLS# R10524726

General Property Information

Property Sub Type
Triplex
Building Area Main
2759
Building Area Source
Appraiser
Living Area Main
2759
Year Built
1974
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories
Yes
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: Appraisal Fencing: Fenced Flooring: Tile Property Condition: Resale Tenant Pays: Cable TV; Common Area Maintenance; Electricity Source Of Expenses: Owner Provided Construction Materials: CBS; Frame; Stucco Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional; FHA; VA Loan Pets Allowed: Number Limit Possession: Close Of Escrow Restrictions: Lease OK Other Leasing Restrictions: Tenant Approval Road Frontage Type: West of US-1 Roof: Roof Over; Other Tax Information: Other Exemption Utilities: None Water Access: None Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Occupied Outdoor Living Spaces: Patio Patio Details: Patio - Open Unit 1 Appliances: Range; Refrigerator Unit 1 Interior Features: Built-in Shelves Unit 1 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Microwave; Refrigerator Unit 2 Interior Features: Built-in Shelves Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s); Washer/Dryer Hookups Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Refrigerator Unit 3 Parking Features: Parking Space Contingencies: Other Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
390000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
318
Street Name
Minnesota
Street Suffix
Street
Unit Number
Yes
City Name
Lantana
State Or Province
FL
Postal Code
33462
Postal Zip
33462
Subdivision Name
N/A
Area
5640
Geographic Area
PB16
Parcel Number
4043503110090090
Zoning
R15
Directions
From I-95, exit Lantana Rd. going east. Continue east to make a right onto 4th St. Turn on the 1st left onto Minnesota St. It will be the second building on the right.

Financial Information

Tax Annual Amount
6944
Tax Year
2018
Tax Legal Description
LANTANA, RESUB OF BLKS 4,9& 10LT 9 BLK 9

Status Change Information

Major Change Timestamp
2019-06-12T18:10:34Z
Major Change Type
Status Change
Status Change Date
2019-06-12
Under Contract Date
2019-04-30
Close Date
2019-05-31
Close Price
385000
Buyer Financing
Conventional

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
3830
Gross Income
44100
Net Operating Income
38770

Pet Details

Maximum Number Of Pets
2

Unit 1 Details

Actual Rent
1275
Baths Full
400
Furnished
Unfurnished
SqFt
1050

Unit 2 Details

Actual Rent
1100
Baths Full
400
Furnished
Unfurnished
SqFt
1200

Unit 3 Details

Actual Rent
1300
SqFt
1350

Price Calculations

Current Price To SqFt
139.54
Original List Price To Close Price
1.01

Originating Details

Originating System Key
20171211191919342196000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Flooring

Tile
Yes

Property Condition

Resale
Yes

Documents Available

Appraisal
Yes

Fencing

Fenced
Yes

Tenant Pays

Cable TV
Yes
Common Area Maintenance
Yes
Electricity
Yes

Possession

Close Of Escrow
Yes

Utilities

None
Yes

Heating

Central
Yes

Water Access

None
Yes

Construction Materials

CBS
Yes
Frame
Yes
Stucco
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Road Frontage Type

West of US-1
Yes

Roof

Roof Over
Yes
Other
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Air
Yes

Showing Requirements

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

Pets Allowed

Number Limit
Yes

Restrictions

Lease OK
Yes

Other Leasing Restrictions

Tenant Approval
Yes

Tax Information

Other Exemption
Yes

Outdoor Living Spaces

Patio
Yes

Patio Details

Patio - Open
Yes

Contingencies

Other
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Interior Features

Built-in Shelves
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes
Washer/Dryer Hookups
Yes

Unit 1 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 1 Rooms

Kitchen
Yes

Unit 2 Appliances

Microwave
Yes
Refrigerator
Yes

Unit 2 Interior Features

Built-in Shelves
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes
Smoke Detector(s)
Yes
Washer/Dryer Hookups
Yes

Unit 2 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 2 Rooms

Kitchen
Yes

Unit 3 Appliances

Refrigerator
Yes

Unit 3 Parking Features

Parking Space
Yes

Unit 4 Details

Actual Rent
0
SqFt
0

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: Atlantic Florida Properties Inc
IDX
Last Updated: May - 25 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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