Lake Worth, FL 33461,4043 Urquhart ST
Lake Worth, FL 33461,4043 Urquhart ST
Lake Worth, FL 33461,4043 Urquhart ST
Lake Worth, FL 33461,4043 Urquhart ST
Lake Worth, FL 33461,4043 Urquhart ST
Lake Worth, FL 33461,4043 Urquhart ST
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Listed by The Keyes Company
Bought with The Keyes Company

$1,150,000

$1,150,000

Est.Price: ?

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Est. payment /mo

13 Baths

0.62 Acres Lot


SOLD DATE : 12/14/2023

Key Details

Sold Price $1,150,000

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Sold

Purchase Type For Sale

Subdivision Greenacres Plat No 1

MLS Listing ID RX-10933781

Sold Date 12/14/23

Year Built 1942

Annual Tax Amount $7,076

Tax Year 2023

Lot Size 0.620 Acres

Property Description

PURCHASE A HIGH CAP RATE CASH FLOWING INVESTMENT PROPERTY CONSISTING OF 13 UNITS ON 0.62 ACRES OF COMMERCIAL LAND IN LAKE WORTH, FL. LOCATED JUST OFF LAKE WORTH RD, WHICH HAS AN AADT OF 43,500 (2022 FDOT) AND EAST OF S MILITARY TRAIL, THIS PROPERTY OFFERS EASY ACCESS TO I-95 AND THE FLORIDA TURNPIKE. OF THE 13 UNITS, 7 OF THEM ARE 2 BED 1 BATH TRAILERS APPROX 672 SF EACH, 4 ARE STUDIO COTTAGES AND 2 ARE EFFICENCY APTS. THE PROPERTY IS CONSISTENTLY AND MOSTLY FULLY OCCUPIED WITH MANY LONG TERM TENANTS WHO MOSTLY PAY ON A WEEKLY BASIS (EXCEPT 2 UNITS WHO PAYS MONTHLY & BI WEEKLY). THERE IS POTENTIAL UPSIDE BY POSSIBLY ADDING 2 MORE MOBILE HOMES, SUBJECT TO CODE REGULATIONS. THE LAND IS ZONED UI-2 URBAN INFILL, WHICH CAN ACCOMMODATE MANY COMMERCIAL USES. ALL UNITS ARE PARK OWNED

Location

State FL

County Palm Beach

Area 5700

Zoning UI-2

Interior

Heating Other

Cooling Wall-Win A/C

Flooring Carpet, Ceramic Tile, Other, Vinyl Floor

Fireplaces Type None

Exterior

Community Features Presently Leased

Utilities Available Electric, Gas Bottle, Public Water, Septic

Roof Type Comp Shingle,Other

Present Use Presently Leased

Building

Story 100.00

Foundation Other

Others

Security Features Fence

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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