Bought with Southdale Properties Inc.
$700,000
$750,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
12 Baths
6,244 SqFt
SOLD DATE : 01/24/2018
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 6,244 sqft
Price per Sqft $112
Subdivision Town Of Lake Worth: Royal Poinciana
MLS Listing ID RX-10377856
Sold Date 01/24/18
Construction Status Resale
Abv Grd Liv Area 16
Year Built 1980
Annual Tax Amount $8,418
Tax Year 2017
Lot Size 10,018 Sqft
Property Description
6-unit multi-family residential property for sale in the City of Lake Worth! CBS construction! In a town predominantly comprised of modest single-family homes, duplexes, and triplexes, owning a 6-unit building is a prized accomplishment. This will be the crown jewel of your real estate investment portfolio, and the envy of all your peers. Superlatively prodigious money-maker... This mammoth 2-story building presently produces $7,400 in currency every month! Same tenants in place for years. All units are 2/2's, can possibly become 3/2's (average 1,000 sq. ft. each!). Ceramic tile floors, central a/c, private balconies, parking lot. The most important aspect of all, LOCATION... TOP-NOTCH! ONLY 1 BLOCK TO LAKE AVENUE! What an opportunity!
Location
State FL
County Palm Beach
Area 5630
Zoning SfTf14
Interior
Heating Central
Cooling Central
Flooring Ceramic Tile
Fireplaces Type Smoke Detector
Exterior
Utilities Available Electric, Public Sewer, Public Water
Waterfront No
Roof Type Comp Shingle
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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