Bought with Coldwell Banker Premium Realty
$1,100,000
$1,800,000
38.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Baths
5,120 SqFt
SOLD DATE : 12/29/2023
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 5,120 sqft
Price per Sqft $214
Subdivision Lake Worth Town Of
MLS Listing ID RX-10927210
Sold Date 12/29/23
Year Built 1974
Annual Tax Amount $16,114
Tax Year 2022
Lot Size 8,712 Sqft
Property Description
SELLER FINANCING AVAILABLE! Rare opportunity to purchase an eight (8) unit multifamily building in Downtown Lake Worth! This property is being offered on the open market for the first time in 30+ years. This multifamily building has eight (8) total condo units, featuring all 1BR, 1 BA with approximately 640 Living SF each. This property is the perfect value add for any investor looking to raise rents and/or renovate the property. 100% occupancy and ideal for a 1031 buyer. Current NOI - $98,741
Location
State FL
County Palm Beach
Area 5600
Zoning SF-TF-14
Interior
Heating Central, Electric, Window/Wall
Cooling Central, Electric, Wall-Win A/C
Flooring Tile
Fireplaces Type Smoke Detector
Exterior
Utilities Available Public Sewer, Public Water
Roof Type Comp Shingle
Building
Story 100.00
Foundation CBS
Others
Acceptable Financing Cash, Conventional, Owner
Listing Terms Cash, Conventional, Owner
Financing Cash,Conventional,Owner
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "