$1,179,000
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6,075 SqFt
SOLD DATE : 02/12/2020
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,075 sqft
Price per Sqft $139
MLS Listing ID A10724641
Sold Date 02/12/20
HOA Y/N No
Year Built 1961
Annual Tax Amount $6,348
Lot Size 6,713 Sqft
Property Sub-Type Multi Family
Property Description
Great Income Property located on the nice area of S Federal Hwy in Lake Worth. This Multifamily features 12 1 bed/1bath units all rented for a total monthly income of $10,225.00 and an annual income of $109,530.00. Vacant units are extremely easy to occupy due to the high demand in the area. Furthermore, the area is gaining a lot of popularity among investors and property values are increasing dramatically. The cap rate for this Property is 10%, do not miss this opportunity!!
Location
State FL
County Palm Beach County
Area 5640
Direction Please use GPS.
Interior
Heating Central, Electric, Gas
Cooling Central Air
Flooring Carpet, Ceramic Tile
Exterior
Private Pool Yes
Building
Story 1
Water Public
Level or Stories One
Structure Type Brick,Block
Others
Tax ID 38434427010480110
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
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Bought with RentPro Florida