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PRICED AT ONLY: $1,429,774

Address: Address Not Provided

Description

PROPERTY HIGHLIGHTSThis exceptional multi family portfolio in Lake Worth, Florida, comprises eight (8) strategically located buildings, offering a total of twenty eight (28) units. Each property features unique architectural styles and modern amenities, ensuring a diverse and appealing selection for tenants. The portfolio includes a mix of unit sizes and configurations, catering to various tenant needs and maximizing rental potential. With a solid average cap rate of 8.26%, these properties promise a robust return on investment. Situated in a vibrant and growing community, this portfolio presents a rare opportunity to acquire income generating assets in a highly desirable area.

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  • MLS#: RX-11009166 ( Quad Plex )
  • Street Address: Address Not Provided
  • Viewed: 12
  • Price: $1,429,774
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 0
  • Days On Market: 147

Description

PROPERTY HIGHLIGHTSThis exceptional multi family portfolio in Lake Worth, Florida, comprises eight (8) strategically located buildings, offering a total of twenty eight (28) units. Each property features unique architectural styles and modern amenities, ensuring a diverse and appealing selection for tenants. The portfolio includes a mix of unit sizes and configurations, catering to various tenant needs and maximizing rental potential. With a solid average cap rate of 8.26%, these properties promise a robust return on investment. Situated in a vibrant and growing community, this portfolio presents a rare opportunity to acquire income generating assets in a highly desirable area.
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Features
Building and Construction
  • Absolute Longitude: 80.053327
  • Construction: Concrete, Other
  • Exterior Features: Open Patio
  • Flooring: Other
  • Roof: Other
  • Sqft Source: Tax Rolls
  • Sqft Total: 1980.00
  • Total Building Sqft: 1728.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre
  • Subdivision Information: None
Eco-Communities
  • Private Pool: No
  • Storm Protection Other Protection: Complete
  • Waterfront Details: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Electric
  • Heating: Electric
  • Number Of Stories: 2.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Utilities: Cable, Public Sewer, Public Water
Finance and Tax Information
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 120789.00
  • Income Expenses Annual Total Expense: 34554.00
  • Income Expenses Gross Operating Inc: 155343.00
  • Source Of Expenses: Owner
  • Tax Year: 2023
Rental Information
  • Tenant Pays: None
Other Features
  • Avail Info: Accounting
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: ADD 1 TO TOWN OF LAKE WORTH LT 8 BLK 1
  • Parcel Id: 38434427010010080
  • Possession: At Closing
  • Views: 12
  • Zoning: SF-R(c
Nearby Subdivisions
Bryant Park   Lake Worth Beach   Lake Worth Heights   Lake Worth Town   Lake Worth Town Add 01   Lake Worth Town Of   Lake Worth Town Of Add 1   Lakeview Heights Add 3   Latona Court Amnded Plat   North Lake Worth   Parkview Heights   S/d Of 21-44-43, W 1/2 In   Worthmore Park  
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