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727-731 N 5th Street, Lantana, FL 33462 (MLS# R11016163)

727-731 N 5th Street, Lantana, FL 33462

$1,075,000

Property Type: Residential Income Square Footage: 3,600 Status: Closed

Current Price: $1,075,000 List Date: 8/28/2024 Last Modified: 5/16/2026

Overview

Description

Amazing Location! Stunning fourplex located in East Lantana. Two separate buildings located on two separate parcels with ample parking spaces. Each building features a 2 bedroom, 1 1/2 bathroom and a 1 Bedroom, 1 Bath unit, tile throughout. One of the units has been fully remodeled and the other 3 are in original condition with long term tenants in place. All units are on month to month leases paying under market rent $1500 per month for 1 Bedrooms and $1650 per mont on the two bedroom units. Seller financing is offered with 35% down, 7% interest rate, interest only payment with a 5 year balloon. Buyer needs to provide personal financial statement.

Listing Details MLS# R11016163

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 3600
Building Area Source: Public Records
Living Area Main: 3200
Year Built: 1978
Gated Community YN: No
Lot Size Area: 6639
Lot Size Acres: 0.15
Senior Community YN: No
Stories: Yes
Pool Private YN: No

Property Features

Association Amenities: None Documents Available: Deposit Held Electric: Three Phase Fencing: Fenced Flooring: Ceramic Tile Property Condition: Resale Structure Type: Quadruplex Tenant Pays: Cable TV; Electricity; Insurance; Repairs; Sewer; Water Source Of Expenses: Owner Provided Construction Materials: CBS; Concrete; Stucco Cooling: Central Individual Heating: Central; Electric Listing Terms: Cash; Conventional; Owner Will Carry Lot Features: Room for Pool Possession: Close Of Escrow Restrictions: Buyer Approval Required Roof: Composition Sewer: Public Sewer Sprinkler Description: Auto Sprinkler; Zoned Sprinkler Tax Information: City/County Utilities: Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Call Listing Office; Occupied; Text Listing Agent Occupant Details: Tenant Occupied Unit 1 Appliances: Microwave; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking Unit 1 Rooms: Kitchen Unit 2 Appliances: Microwave; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 2 Parking Features: Open Parking Unit 2 Rooms: Kitchen; Laundry Room Unit 3 Appliances: Microwave; Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Open Parking Unit 3 Rooms: Kitchen Unit 4 Appliances: Microwave; Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 4 Rooms: Kitchen; Laundry Room Contingencies: Inspection Acreage Description: Less Than 1/4 Acre Lot; 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1150000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 727-731
Street Direction Prefix: N
Street Name: 5th
Street Suffix: Street
City Name: Lantana
State Or Province: FL
Postal Code: 33462
Postal Zip: 33462
Subdivision Name: MANTYHARJU LANTANA
Area: 5640
Geographic Area: PB16
Parcel Number: 40434434090020020
Zoning: R15(ci
Directions: Lantana Road to North 5 Street go North to the property.

Financial Information

Tax Annual Amount: 6008.18
Tax Year: 2023
Tax Legal Description: MANTYHARJU LOT 2 TR 2

Status Change Information

Major Change Timestamp: 2024-10-19T12:38:35Z
Major Change Type: Status Change
Status Change Date: 2024-10-19
Under Contract Date: 2024-09-17
Close Date: 2024-10-18
Close Price: 1075000
Buyer Financing: Seller Financing

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: 18000
Gross Income: 78000
Net Operating Income: 60000

Storm Protection

Accordian Shutters: Partial
Panel Shutters: Partial

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Actual Rent: 1500
Baths Full: Yes
Furnished: Unfurnished
SqFt: 700

Unit 2 Details

Actual Rent: 1650
Baths Full: Yes
Baths Half: Yes
Furnished: Unfurnished
SqFt: 900

Unit 3 Details

Actual Rent: 1500
Baths Full: Yes
Furnished: Unfurnished
SqFt: 700

Unit 4 Details

Actual Rent: 1650
Baths Full: Yes
Baths Half: Yes
Furnished: Unfurnished
SqFt: 900

Price Calculations

Current Price To SqFt: 335.93
Original List Price To Close Price: 1.06

Originating Details

Originating System Key: 20240828164822536876000000
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

Documents Available

Deposit Held: Yes

Fencing

Fenced: Yes

Structure Type

Quadruplex: Yes

Tenant Pays

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

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Sewer Available: Yes
Water Available: Yes

Heating

Central: Yes
Electric: Yes

Sprinkler Description

Auto Sprinkler: Yes
Zoned Sprinkler: Yes

Water Access

None: Yes

Construction Materials

CBS: Yes
Concrete: Yes
Stucco: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner Will Carry: Yes

Lot Features

Room for Pool: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Individual: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Call Listing Office: Yes
Occupied: Yes
Text Listing Agent: Yes

Restrictions

Buyer Approval Required: Yes

Tax Information

City/County: Yes

Occupant Details

Tenant Occupied: Yes

Contingencies

Inspection: Yes

Unit 1 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Washer/Dryer Hookups: Yes

Unit 2 Parking Features

Open Parking: Yes

Unit 2 Rooms

Kitchen: Yes
Laundry Room: Yes

Unit 3 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Open Parking: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes
Washer/Dryer Hookups: Yes

Unit 4 Rooms

Kitchen: Yes
Laundry Room: Yes

Acreage Description

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

Listing Office: South Florida R.E. Connection

Last Updated: May - 16 - 2026

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727-731 N 5th Street, Lantana, FL 33462 (MLS# R11016163)