Well-positioned 8-unit multifamily property featuring six 1-bedroom/1-bathroom units, one studio, and one efficiency apartment. The property is currently generating $13,928 in gross monthly rental income with one unit vacant, while offering a projected pro forma gross monthly income of $16,950 upon stabilization. Ideally located along South Federal Highway just minutes… Read More from downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, this asset presents investors with immediate cash flow and significant upside through lease-up and continued rental growth in one of Palm Beach County's strongest rental markets. Read Less
Courtesy of Home Sold Realty LLC 833-700-2782
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi Family
Square Ft.
3,762
Lot Size
0.31 Acres
Year Built
1958
MLS Number
B26053945
Additional Details
Building
Built in 1958, Construction materials: CBS, Toal building area: 3762, 8 total units
Expenses
Insurance: $11,542, Maintenance: $3,200
Floors
Wood
Lot
0.31 acres
Parking
3 total parkings
Property
Zoning: MU-FH (city)
Roof
Tile
Security Features
None
Sewer
Public Sewer
Taxes
Annual amount: $24,018
Tenant Pays
Electricity, Interior Electric
Utilities
Separate Meters, Electricity Connected, Sewer Connected, Water Connected
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