11842 Cove Place, Boca Raton, FL 33431

$74,450
Property Type: Residential Income Square Footage: 1,046 Status: Closed
Current Price: $74,450 List Date: 2/11/2017 Last Modified: 8/06/2026

Overview

Description

Great income producing opportunity! Two rental units with tenants in place with a monthly cash flow of $1400. Own Land and no HOA or Restrictions!Property Taxes ($822 in 2016-2017), the annual cost of Rental Dwelling insurance policy ($1,353 annually) and Maintenance and Repair Fund ($625 annually optional funding). All expenses total $2,800 per year. Based upon $1,400 rental income, the minimum Return On Investment is 17.5%. Outstanding return. Annual Income of $1,400 per month = $16,800. Annual Expenses = $2,800. Net Annual Income = $14,000. Divide $14,000 by $80,000 purchase price = 17.5% ROI.

Listing Details MLS# R10307464

General Property Information

Property Sub Type
Duplex
Building Area Main
1046
Building Area Source
Public Records
Living Area Main
1046
Year Built
1980
Lot Size Area
4140
Lot Size Acres
0.1
Lot Size Dimensions
46.0 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) Exterior Features: None Flooring: Laminate Property Condition: Resale Structure Type: Manufactured House Tenant Pays: Cable TV; Electricity; Water Source Of Expenses: Owner Provided Cooling: Central Air Heating: Central; Other Listing Terms: Cash; Conventional Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Roof: Manufactured Tax Information: No Homestead Utilities: Electricity Available; Water Available View: Other Water Access: None Water Source: Public Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Parking Features: On Street Unit 2 Appliances: Range; Refrigerator Unit 2 Parking Features: On Street Contingencies: None Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
83990

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
11842
Street Name
Cove
Street Suffix
Place
City Name
Boca Raton
State Or Province
FL
Postal Code
33431
Postal Zip
33431
Subdivision Name
WATERGATE MOBILE HOME ESTATES
Area
4880
Geographic Area
PB04
Parcel Number
00414736020003901
Zoning
AR
Directions
441 Go West on Sandalfoot, Left on Cove

Financial Information

Tax Annual Amount
856.38
Tax Year
2016
Tax Legal Description
WATERGATE MOBILE HOME ESTS LOT 390 (LESS S 4 FT)

Status Change Information

Major Change Timestamp
2017-03-31T13:47:43Z
Major Change Type
Status Change
Status Change Date
2017-03-31
Under Contract Date
2017-03-11
Close Date
2017-03-29
Close Price
74450
Buyer Financing
Cash

More Information

Meter Information

Separate Electric Meters YN
No
Separate Water Meters YN
No

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Annual Total Expense
2145
Gross Income
16800
Net Operating Income
14655

Unit 1 Details

Actual Rent
740
Baths Full
Yes
Furnished
Furnished
SqFt
685

Unit 2 Details

Actual Rent
660
Baths Full
Yes
Efficiency YN
Yes
Furnished
Furnished
SqFt
300

Price Calculations

Current Price To SqFt
71.17
Original List Price To Close Price
1.12

Originating Details

Originating System Key
20170211211159262297000000
Originating System ID
M00000170
IDX
Listing Office: Lang Realty/BR
Source MLS Verified
Last Updated: August - 06 - 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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