Main Content

4938 Paetzold Drive, Atlantis, FL 33462 (MLS# R10450770)

4938 Paetzold Drive, Atlantis, FL 33462

$250,000
Property Type: Residential Income Square Footage: 1,808 Status: Closed
Current Price: $250,000 List Date: 7/26/2018 Last Modified: 5/17/2026

Overview

Description

GREAT INVESTMENT OPPORTUNITY WITH CAP RATE OF 7.19 PERCENT. SPACIOUS DUPLEX IN GREAT LOCATION ! LONG TERM TENANTS IN BOTH UNITS RECENTLY RENEWED LEASES UNTIL JUNE 2019. TENANTS HANDLE LAWN MAINTENANCE AND ALL UTILITIES ARE ON SEPARATE WATER AND ELECTRIC METERS! HUGE NEWLY FENCED LOT 2018, 2 AC's 2012, ROOF & ALUMINUM SHUTTERS 2005, 2 W/H's 2017, 2 NEWER W/D's, ALL TILE FLOORS - NO CARPET - VARIOUS RENOVATIONS AND ELECTRICAL UPGRADES THROUGHOUT - BOTH UNITS IN FANTASTIC SHAPE! HAPPY TO SHOW WITH ACCEPTABLE 'AS-IS' OFFER!

Listing Details MLS# R10450770

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
1808
Building Area Source
Public Records
Living Area Main
1560
Year Built
1965
Lot Size Area
9505
Lot Size Acres
0.22
Lot Size Dimensions
108.0 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) Electric: Three Phase Fencing: Fenced Flooring: Ceramic Tile Property Condition: Resale Tenant Pays: Cable TV; Common Area Maintenance; Electricity; Water Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Central Individual Heating: Central Individual; Electric Listing Terms: Cash; Conventional Lot Features: Corner Lot; Room for Pool Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: West of US-1; Public Road Roof: Composition Sewer: Septic Tank Special Information: Sold As-Is Tax Information: County Only; No Homestead Utilities: Cable Available; Water Available View: Garden Water Access: None Water Source: Public Showing Requirements: Occupied Occupant Details: Tenant Occupied Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Utility Room Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Utility Room Contingencies: Inspection Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
275000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
4938
Street Name
Paetzold
Street Suffix
Drive
City Name
Atlantis
State Or Province
FL
Postal Code
33462
Postal Zip
33462
Subdivision Name
PALM BEACH FARMS CO 7
Area
5700
Geographic Area
PB17
Elementary School
Barton
Middle Or Junior School
Lake Worth
High School
Lake Worth
Special Assessment YN
No
Parcel Number
00434430011270031
Zoning
RM
Directions
FROM 6TH ST S GO SOUTH ON CONGRESS TURN WEST ON PRINCE TURN SOUTH ON PAETZOLD TO PROPERTY

Financial Information

Tax Annual Amount
3025.99
Tax Year
2017
Tax Legal Description
PALM BEACH FARMS CO PL NO 7 W 88.08 FT OF LT C BLK 127 (LESS N 20 FT RD R/W)

Status Change Information

Major Change Timestamp
2018-08-27T15:00:55Z
Major Change Type
Status Change
Status Change Date
2018-08-27
Under Contract Date
2018-08-05
Close Date
2018-08-24
Close Price
250000
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

Gross Income
24000
Net Operating Income
19774
Annual Total Expense
0

Unit 1 Details

Actual Rent
1000
Baths Full
Yes
Furnished
Unfurnished
SqFt
904

Unit 1 Lease Description

Lease Expiration
2019-06-01

Unit 2 Details

Actual Rent
1000
Baths Full
Yes
Furnished
Unfurnished
SqFt
904

Unit 2 Lease Description

Lease Expiration
2019-06-01

Price Calculations

Current Price To SqFt
160.25
Original List Price To Close Price
1.1

Originating Details

Originating System Key
20180723190835528384000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Electric

Three Phase
Yes

Flooring

Ceramic Tile
Yes

Property Condition

Resale
Yes

Special Information

Sold As-Is
Yes

Documents Available

Copy Of Lease(s)
Yes

Fencing

Fenced
Yes

Tenant Pays

Cable TV
Yes
Common Area Maintenance
Yes
Electricity
Yes
Water
Yes

Possession

Close Of Escrow
Yes

Sewer

Septic Tank
Yes

Utilities

Cable Available
Yes
Water Available
Yes

View

Garden
Yes

Heating

Central Individual
Yes
Electric
Yes

Water Access

None
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Corner Lot
Yes
Room for Pool
Yes

Road Frontage Type

West of US-1
Yes
Public Road
Yes

Roof

Composition
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Individual
Yes
Electric
Yes

Showing Requirements

Occupied
Yes

Restrictions

No Restrictions
Yes

Tax Information

County Only
Yes
No Homestead
Yes

Occupant Details

Tenant Occupied
Yes

Contingencies

Inspection
Yes

Unit 1 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 1 Rooms

Utility Room
Yes

Unit 2 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes

Unit 2 Parking Features

Open Parking
Yes
Parking Space
Yes

Unit 2 Rooms

Utility Room
Yes

Unit 3 Details

Actual Rent
0
SqFt
0

Unit 4 Details

Actual Rent
0
SqFt
0

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: The Keyes Company
IDX
Last Updated: May - 17 - 2026
Broker Attribution: (561) 703-9825

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.

Skip to content