Four-Unit Multifamily
For Sale
$1,399,000
Pending
1157 Hyacinth Place, Wellington, FL 33414
Four-unit multifamily building for sale at 1157 Hyacinth Place in Wellington, FL.
Property Size5,060 SF
Days on Market128
Property Features for 1157 Hyacinth Place
General Information
Standard status
Pending
Size
5,060 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
RM
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$16,928
Building Details
Building Size
5,060 SF
Year Built
1986
Stories
1
Listing Agency:
Sainaam Realty & Investment
Listed By:
Ravi P Mohanka
(561) 714-1196
Source:
Laerrealty
Added: Jun 17
Changed: Oct 19
Last Checked: Oct 20 at 5:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sainaam Realty & Investment
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property is offered for sale as a 4-plex configuration, providing income-producing residential units under one roof. The property is categorized as a quadplex/multifamily asset, offering a straightforward building format for investors and operators seeking a small multi-unit portfolio.
The building is located at 1157 Hyacinth Place in Wellington, Florida. For additional details on unit mix, current occupancy, or financial information, please contact the listing broker for the available offering materials.
The building is located at 1157 Hyacinth Place in Wellington, Florida. For additional details on unit mix, current occupancy, or financial information, please contact the listing broker for the available offering materials.
Key Highlights
- Four‑unit multifamily building for sale
- Built in 1986
- Located at 1157 Hyacinth Place in Wellington, FL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,013
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,260
$1.4M
Cap Rate 7%
$985,900
$985.9K
Cap Rate 9%
$766,811
$766.8K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$104.3K $25.20/SF
− Vacancy
−$5.7K −$1.39/SF
EGI
$98.6K $23.81/SF
− OpEx
−$29.6K −$7.14/SF
NOI
$69.0K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,260
Cap Rate 7%
$985,900
Cap Rate 9%
$766,811
Alternative Uses
Best Use
Multifamily LT 5
$985.9K
$862.7K – $1.15M
NOI $69,013 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$909.6K
$795.9K – $1.06M
NOI $63,670 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,093 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Explore this area
Business Placement
Demographics for 33414, FL
59,802
Population
23,111
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
28.3 sq mi
ZIP Area
2,113
Density / Sq Mi
$105,953
Median Household Income
$52,892
Median Earnings
$2,326
Median Rent
$533,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily building for sale at 1157 Hyacinth Place in Wellington, FL.
Where is this quadplex located?
The property is located at 1157 Hyacinth Place Wellington, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four‑unit multifamily building for sale; Built in 1986; Located at 1157 Hyacinth Place in Wellington, FL
