Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.29% cap rate. Property consists of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath. Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was just painted, landscaped, offers plenty of parking, and new exterior lighting. Attached is a brochure with more details.
Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.29% cap rate. Property consists of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath. Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was just painted, landscaped, offers plenty of parking, and new exterior lighting. Attached is a brochure with more details.
Features
Building and Construction
Absolute Longitude: 80.10371
Construction: CBS, Concrete
Exterior Features: None
Flooring: Laminate, Tile
Roof: Comp Shingle
Sqft Source: Tax Rolls
Sqft Total: 5880.00
Total Building Sqft: 5880.00
Property Information
Property Condition: Resale
Property Group Id: 19990816212116581394000000
Land Information
Lot Description: 1/2 to < 1 Acre
Subdivision Information: None
School Information
Elementary School: Palm Springs Elementary School
High School: Lake Worth High School
Middle School: Lake Worth Community Middle
Eco-Communities
Private Pool: No
Storm Protection Impact Glass: Partial
Waterfront Details: None
Utilities
Carport Spaces: 0.00
Cooling: Central, Electric
Heating: Central, Electric
Number Of Stories: 1.0
Separate Elec Meters: Yes
Separate Wtr Meters: No
Utilities: Electric, Public Water, Septic
Finance and Tax Information
Application Fee: 0.00
Home Owners Association poa coa Monthly: 0.00
Homeowners Assoc: None
Income Expenses Annual Net Oper Inc: 123714.00
Income Expenses Annual Total Expense: 35886.00
Income Expenses Gross Operating Inc: 159600.00
Source Of Expenses: Owner
Tax Year: 2023
Rental Information
Tenant Pays: Cable, Electric
Other Features
Avail Info: Deposit Last Month, Leases
Country: United States
Housing For Older Persons Act: No Hopa
Legal Desc: PALM BEACH FARMS CO PL NO 7 E 158.72 FT OF S 1/2 OF LOT C (LESS N 20 FT) ALL OF LOT D & LT E (LESS S 70 FT) BLK 15
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.
Apply Now
